Personnal insurance for pilots
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Join Date: Jan 2002
Location: Cumbria
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Personnal insurance for pilots
Before I start a £35k modular course I am interested to know what insurance is available for pilots. For example two years down the line I have a frozen ATPL and for what ever reason I cannot renew my class 1 medical. I would then be X amount in debt and no longer able to work as a pilot. Are there any insurance schemes tailored for the aviation industry?
Scroggs/www - I hope this is ok in the wannabes forum. I figure that any other wannabe looking to finance his/her training would be interested in similar protection.
Scroggs/www - I hope this is ok in the wannabes forum. I figure that any other wannabe looking to finance his/her training would be interested in similar protection.
Dancing with the devil, going with the flow... it's all a game to me.
Join Date: May 2000
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Training Insurance
Traffords Limited do a Pilot Training Expenses Insurance Policy.
Contact them at:
Tel: 0870 9000 331
Web: www.traffordsinsurance.co.uk
Email: [email protected]
They should be able to sort you out.
VFE.
Contact them at:
Tel: 0870 9000 331
Web: www.traffordsinsurance.co.uk
Email: [email protected]
They should be able to sort you out.
VFE.
Join Date: Dec 1997
Location: Suffolk UK
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Loss-of-licence insurance is a standard 'perk' within the airline industry. For cover of £60,000, I think it would cost a private individual about £300 annually (but I may be way out!). I'll see if I can find out which companies offer it.
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Thanks for your help guys. Spoken to Traffords this morning regarding Insurance for Training Costs. Waiting for their specialist to call back with details. Will post details as I get them.
Last edited by chocksaway; 13th Jun 2002 at 14:15.
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Ok, Assuming £35k Modular Course costs, the annual premium is £101. This is based on a 26 year old fit and healthy ( well healthy anyway! ) male living with parents. This premium is an annual fee and covers the cost of training if I lose my medical before the completion of the course.
I would have thought the only thing preventing me completing the course would be losing the medical as I have sat serveral IQ tests and I seem to score highly. I think for anyone considering a loan for training, this premium is highly resonable.
Has anyone else had similar ideas or thoughts? if so would you like to share them.
I would have thought the only thing preventing me completing the course would be losing the medical as I have sat serveral IQ tests and I seem to score highly. I think for anyone considering a loan for training, this premium is highly resonable.
Has anyone else had similar ideas or thoughts? if so would you like to share them.
