Barry said...
"My insurance guy says when you have an engine
failure to go in gear up if you want the engine covered. Silly, but
that's the way it works... I guess it depends on the company, too."
Not sure I understand what's being said here.
Does the typical aviation hull policy exclude physical damage caused by pilot error and or pilot stupidity?
If an engine rod breaks, is it covered? Is any resulting damage to the
engine, prop or airframe covered?
Is there policy wording which would exclude loss or damage incurred
while in violation of any FAR?
Suppose you have a precautionary landing on a highway in a high crime
area, your gear collapses, you're slightly injured and taken to the
hospital. If you incur several thousand of expenses to post armed
guards by the plane together with transport charges to a local repair
facility, are you covered for these expenses? After all, they were
incurred in an effort to save the whole enterprise.
If your policy is 'all risk' as opposed to 'named peril' only, then
you are (or should) be covered for every occurence under the
sun...unless there is a very specific exclusion written into your
policy.
I'm no expert on aviation insurance but having spent many years in
marine insurance underwriting both in this country and the UK, please
permit me to pass along a few words of wisdom. Read your policy very
carefully and understand it fully.
The insurance company writes the policy, not you and for this reason,
any denial of claim carries with it a very heavy burden for the company
to demonstrate that the submitted claim was excluded by policy wording.
Angier Ames
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