Loss of Licence Insurance
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Join Date: Mar 2008
Location: Bournemouth
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Loss of Licence Insurance
Just started TR with a major carrier. Wanted to get Loss of Licence insurance. I have a pre-existing medical condition but nothing that stops me from flying and holding a class 1.
Is BALPA the best place to go for LOL insurance or does anyone have any other good companies they use?
Thanks in advance,
pre3l2s
Is BALPA the best place to go for LOL insurance or does anyone have any other good companies they use?
Thanks in advance,
pre3l2s
Join Date: Mar 2003
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I dont know who you are flying for, but LOL insurance can be expensive, hard to claim, and volatile in cost. My only advice is google "topcover" and pass the details to your HR department. If they show any interest, I am sure Topcover will pursue for you.
Good luck
Good luck
Join Date: Feb 2004
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income protection is much better option and can be specific, ie unable to do current job in order to pay out. I personally would rather have a salary/income than a lump sum to gamble/drink away.... Also you will find many more income protection insurance companies than you would pilots loss of licence. Assuming its medical reasons you wanting insurance for that is.
Join Date: May 2001
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Generic income protection is no good for a pilot because likelihood is after losing your Class1 you can still do most jobs ordinary people do. With LOL you get paid if you lose your medical and you can pursue another career happily (in my case one that brings home more money!!!).
Join Date: May 2002
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BALPA loss of licence is good - and you can also get temporary cover that kicks in after 3 months. £40 a month and you get £80k cover, £1600 a month temporary cover, tax free. Claims process straight forward, and there aren't loads of exclusions. If you want more info, PM me.
Join Date: Nov 2006
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try with APPN...E 54 x month and you get temporary lol after the 29th day with E 6300 x month...this will last for about 3 years reducing to 50% after the 182th day of inability.
pm if you need more infos.
cheers
pm if you need more infos.
cheers
