Life Insurance Coverage in Experimental Aircraft?

[Carl Orton]

It's Saturday, so I haven't had a chance to call my agent, but my wife
brought up a question that may nix me building an airplane.

If I die in my homebuilt aircraft, does my life insurance pay out? My
policy covers me if I pilot an aircraft, but for the life of me I have no
idea if there's an assumption / stipulation that it applies only to
type-certificated aircraft.

Thanks;
Carl

[Ron Wanttaja]

On Sat, 15 Dec 2007 15:18:32 -0600, "Carl Orton" > wrote:

> It's Saturday, so I haven't had a chance to call my agent, but my wife
> brought up a question that may nix me building an airplane.
>
> If I die in my homebuilt aircraft, does my life insurance pay out? My
> policy covers me if I pilot an aircraft, but for the life of me I have no
> idea if there's an assumption / stipulation that it applies only to
> type-certificated aircraft.

Depends on the policy. My personal policy doesn't exclude flying in
experimental aircraft (I made that a primary point when purchasing), but my work
one does if the plane isn't company-owned.

Ron Wanttaja

[Scott[_1_]]

My work policy is the same...no coverage in any private aircraft.

Scott


Ron Wanttaja wrote:
> On Sat, 15 Dec 2007 15:18:32 -0600, "Carl Orton" > wrote:
>
>
>>It's Saturday, so I haven't had a chance to call my agent, but my wife
>>brought up a question that may nix me building an airplane.
>>
>>If I die in my homebuilt aircraft, does my life insurance pay out? My
>>policy covers me if I pilot an aircraft, but for the life of me I have no
>>idea if there's an assumption / stipulation that it applies only to
>>type-certificated aircraft.
>
>
> Depends on the policy. My personal policy doesn't exclude flying in
> experimental aircraft (I made that a primary point when purchasing), but my work
> one does if the plane isn't company-owned.
>
> Ron Wanttaja

--
Scott
http://corbenflyer.tripod.com/
Gotta Fly or Gonna Die
Building RV-4 (Super Slow Build Version)

[Carl Orton]

Well, I was able to check the work policy from the online summary plan
description. Good news is that I can fly as PIC for work or recreation ONLY
if it's a type-certificated aircraft. Which shoots a big stinkin' hole in
my plans for a homebuilt. :-(

Of course, I'll lose the work coverage in the next 2 yrs or so because I
plan on early retirement, so it may be a moot point; I'm sure it'll take me
at least 2 yrs to build, so......


>>>It's Saturday, so I haven't had a chance to call my agent, but my wife
>>>brought up a question that may nix me building an airplane.
>>>
>>>If I die in my homebuilt aircraft, does my life insurance pay out? My
>>>policy covers me if I pilot an aircraft, but for the life of me I have no
>>>idea if there's an assumption / stipulation that it applies only to
>>>type-certificated aircraft.
>>
>>
>> Depends on the policy. My personal policy doesn't exclude flying in
>> experimental aircraft (I made that a primary point when purchasing), but
>> my work
>> one does if the plane isn't company-owned.
>>
>> Ron Wanttaja

[Lou]

Check with the sales rep. One policy I looked at specifically asked
if I was involved in experimental aircraft. I tore up the form
Lou

[[email protected]]

If you are an AOPA member you can get D&D coverage for any aircraft
related accident for reasonable price.

[Scott[_1_]]

<arnold schwartzenegger mode on> Dooo it! </arnold schwartzenegger mode
off> I've always figured if I die in the crash, WTF do I really care if
the policy is good or not?? I have other things in place to take care
of family. Fly what you want to fly! Life is too short for compromises :)

Scott


Carl Orton wrote:
> Well, I was able to check the work policy from the online summary plan
> description. Good news is that I can fly as PIC for work or recreation ONLY
> if it's a type-certificated aircraft. Which shoots a big stinkin' hole in
> my plans for a homebuilt. :-(
>
> Of course, I'll lose the work coverage in the next 2 yrs or so because I
> plan on early retirement, so it may be a moot point; I'm sure it'll take me
> at least 2 yrs to build, so......
>
>
>
>>>>It's Saturday, so I haven't had a chance to call my agent, but my wife
>>>>brought up a question that may nix me building an airplane.
>>>>
>>>>If I die in my homebuilt aircraft, does my life insurance pay out? My
>>>>policy covers me if I pilot an aircraft, but for the life of me I have no
>>>>idea if there's an assumption / stipulation that it applies only to
>>>>type-certificated aircraft.
>>>
>>>
>>>Depends on the policy. My personal policy doesn't exclude flying in
>>>experimental aircraft (I made that a primary point when purchasing), but
>>>my work
>>>one does if the plane isn't company-owned.
>>>
>>>Ron Wanttaja
>
>
>

--
Scott
http://corbenflyer.tripod.com/
Gotta Fly or Gonna Die
Building RV-4 (Super Slow Build Version)

[Ron Wanttaja]

On Sat, 15 Dec 2007 22:54:51 -0800, Richard Riley >
wrote:

> >Depends on the policy. My personal policy doesn't exclude flying in
> >experimental aircraft (I made that a primary point when purchasing), but my work
> >one does if the plane isn't company-owned.
>
> Really? Mine doesn't.
>
> The accidental death and dismemberment won't pay, but when I checked a
> couple of years ago experimental aircraft were not excluded.

You might be right; it's been ~15 or so years since I noticed the exclusion. It
stuck in my mind as the policy *did* cover experimental aircraft accidents, as
long as it was a company-owned experimental.

Ron Wanttaja