Life Insurance Coverage in Experimental Aircraft?

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

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

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)

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

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

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

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)

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