I'm currently looking for life insurance. Talking to an agent on the phone a few days ago I told him I was a pilot and ask about aviation exclusion. He ask about my hours and said that there would be an aviation rider. Then I ask about experimental aviation, he said the policy did not address experimental aviation so any flying activity would be covered by the aviation rider. This remains to be seen because while I'm sure an agent wouldn't lie to a person just to sell a policy, they might mislead or just don't know the facts of a policy, just like the agent I bought a universal life policy from several years ago which is now so expensive I cant afford it any more. He says it is under funded and to keep it in force I need to cut the face value to about 1/3 of what it is now and that will keep it in force until I'm 85 years old. I'll read the small print next time.
Jack Cooper > [Original Message] > From: Mark Jones <[email protected]> > To: <[email protected]>; KRnet <[email protected]> > Date: 12/13/2005 4:19:36 PM > Subject: RE: KR> Insurance > > Very true. You need to sit down with your carrier and find out. My employers insurance excludes experimental aviation however I have been a customer of Allstate for almost 30 years and I have a very healthy policy with them that covers me in any situation. My agent told me I could jump out of a plane with no parachute on and I would be covered. The rider for this type of coverage is a lot less than you think it would be, especially if your carrier also does your cars and homeowners. > > Mark Jones (N886MJ) > Wales, WI > Visit my web site: http://www.flykr2s.com > Email: mailto:[email protected] > > > > -----Original Message----- > From: [email protected] [mailto:[email protected]]On > Behalf Of Colin Rainey > Sent: Tuesday, December 13, 2005 3:07 PM > To: [email protected] > Subject: KR> Insurance > > > Kenneth and netters > Anyone looking at either life insurance or health insurance needs to look closely at the aviation exclusions. Most cover a commercial flight as a paying passenger of scheduled flights with an air carrier. Almost all that I have seen that are "standard" employment or personal offerings have exclusions for: 1) flights as pilot in command or passenger of any small aircraft (under 12,500# takeoff weight), unscheduled flights, or gliders; 2) skydiving; 3) any form or type of flight instruction. > > AOPA and EAA have companies that they are endorsing that make policies available that DO cover in the case of accidents in General Aviation airplanes. Some still have exclusions if flying in an experimental aircraft. Mine covers me while flying any plane, PIC or as instructor, but does not cover me while flying my KR2. > > Just some thoughts... > > > Colin Rainey > [email protected] > EarthLink Revolves Around You. > _______________________________________ > Search the KRnet Archives at http://www.maddyhome.com/krsrch/index.jsp > to UNsubscribe from KRnet, send a message to [email protected] > please see other KRnet info at http://www.krnet.org/info.html > > _______________________________________ > Search the KRnet Archives at http://www.maddyhome.com/krsrch/index.jsp > to UNsubscribe from KRnet, send a message to [email protected] > please see other KRnet info at http://www.krnet.org/info.html
