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  #1  
Old 01-07-2019, 11:27 AM
LRingeisen's Avatar
LRingeisen LRingeisen is offline
 
Join Date: Mar 2016
Location: Chesterfield, MO
Posts: 109
Default DID YOU KNOW older pilots need to take extra precautions when comes to insurance?

Welcome to 2019!!! It?s a new year and we?re all going to be turning another year older. Did you know that some insurance companies will deny starting coverage for you once you reach a certain age no matter what your health condition is? It?s true, before you turn 75 years old, make sure you are with a solid company. A company that won?t reduce coverage, require an annual medical, or require you to fly ?dual only? just because you had another birthday. There are several good companies for senior pilots, so if you are 75 years or older, check with your agent to make sure you won?t have any surprises come your next renewal. Age is just a number. You can still fly insured well into your 80?s as long as you plan ahead.

We wish you all a happy new year and safe flying!!!
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*This is an informative post to help educate and explain different aspects of the insurance field.

Leah Ringeisen, Katie Escalante & Kim Schuler
Gallagher Aviation
877-475-5860
Arthur J. Gallagher Risk Management Services, Inc.
www.ajg.com/lightaircraft / www.ajg.com
Opinions and advice provided by Arthur J. Gallagher & Co. is not intended to be, and should not be construed to be, legal advice. Please direct any request for legal advice to your attorney.
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  #2  
Old 01-08-2019, 09:16 AM
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Fhuber Fhuber is offline
 
Join Date: Nov 2010
Location: Maple Grove, MN
Posts: 118
Default

Hopefully your company is not one that does that, as I will be in that boat before I know it.








Frank Huber
RV-7A completely done
2019 dues paid
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  #3  
Old 01-08-2019, 11:01 AM
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DonFromTX DonFromTX is offline
 
Join Date: Oct 2010
Location: La Feria Texas
Posts: 3,823
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I found out quick and painfully, when my 80th birthday came - so did a triple cost of the policy! I felt as competent to fly as I was the day BEFORE I turned 80, but made no difference.
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  #4  
Old 01-08-2019, 11:17 AM
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LRingeisen LRingeisen is offline
 
Join Date: Mar 2016
Location: Chesterfield, MO
Posts: 109
Default

Quote:
Originally Posted by Fhuber View Post
Hopefully your company is not one that does that, as I will be in that boat before I know it.

Frank Huber
RV-7A completely done
2019 dues paid
Hi Frank, no worries here. We are a broker so we have the ability to shop all of our markets. We're trained to search for the best premium but also for the best company to fit your situation. When it comes time to renew, it still doesn't hurt to bring this up as one of your concerns.
__________________
*This is an informative post to help educate and explain different aspects of the insurance field.

Leah Ringeisen, Katie Escalante & Kim Schuler
Gallagher Aviation
877-475-5860
Arthur J. Gallagher Risk Management Services, Inc.
www.ajg.com/lightaircraft / www.ajg.com
Opinions and advice provided by Arthur J. Gallagher & Co. is not intended to be, and should not be construed to be, legal advice. Please direct any request for legal advice to your attorney.
*paid advertiser
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  #5  
Old 01-08-2019, 02:10 PM
seward747 seward747 is offline
 
Join Date: Jan 2005
Posts: 201
Default

Frank: sent you a PM.
Congrats on finishing the -7!


Doug
Seattle area
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  #6  
Old 01-08-2019, 07:40 PM
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donaziza donaziza is offline
 
Join Date: Jun 2007
Location: Atlanta
Posts: 839
Default

Quote:
Originally Posted by LRingeisen View Post
Welcome to 2019!!! It?s a new year and we?re all going to be turning another year older. Did you know that some insurance companies will deny starting coverage for you once you reach a certain age no matter what your health condition is? It?s true, before you turn 75 years old, make sure you are with a solid company. A company that won?t reduce coverage, require an annual medical, or require you to fly ?dual only? just because you had another birthday. There are several good companies for senior pilots, so if you are 75 years or older, check with your agent to make sure you won?t have any surprises come your next renewal. Age is just a number. You can still fly insured well into your 80?s as long as you plan ahead.

We wish you all a happy new year and safe flying!!!
Hi Leah, Do you mind if I ask how old you are? I'm 76. When I read this, I called my broker who is Falcon out in Kerrville, Texas, and they use Global Aerospace. He said, "don't worry". But then he added, things might change a lot when I'm in my 80ties. NOW, I'm worried.
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  #7  
Old 01-09-2019, 08:44 AM
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LRingeisen LRingeisen is offline
 
Join Date: Mar 2016
Location: Chesterfield, MO
Posts: 109
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Quote:
Originally Posted by donaziza View Post
Hi Leah, Do you mind if I ask how old you are? I'm 76. When I read this, I called my broker who is Falcon out in Kerrville, Texas, and they use Global Aerospace. He said, "don't worry". But then he added, things might change a lot when I'm in my 80ties. NOW, I'm worried.
Hi Don! Ladies don't love to broadcast their age on the internet but I'd be happy to share that information with you over the phone. I'd love the chance to walk you through the different scenarios of what happens with various insurance companies at certain ages. There is no obligation to switch brokers I just want to be able to discuss information specific to you that you may find valuable.
__________________
*This is an informative post to help educate and explain different aspects of the insurance field.

Leah Ringeisen, Katie Escalante & Kim Schuler
Gallagher Aviation
877-475-5860
Arthur J. Gallagher Risk Management Services, Inc.
www.ajg.com/lightaircraft / www.ajg.com
Opinions and advice provided by Arthur J. Gallagher & Co. is not intended to be, and should not be construed to be, legal advice. Please direct any request for legal advice to your attorney.
*paid advertiser
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  #8  
Old 01-09-2019, 09:28 AM
Schooner69 Schooner69 is offline
 
Join Date: Aug 2006
Posts: 108
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Up here north of the border, I heard from a friend who was into his ninth decade that he had been denied full coverage when he tried to obtain same.

Concerned, as I was fast approaching the same sign post, I contacted my insurance provider (COPA) and shared my concerns.

The COPA contact researched the situation and explained that I would have no problem as there has been no break in coverage even though I have only been insured for less than five years. The key appears to be having unbroken coverage prior to turning eighty: if your coverage has lapsed during the period you completed four score years or if you've never had coverage prior to doing so, you may (probably will) have trouble getting same.


My friend noted above had encountered a medical situation from which he thought would preclude future flying. Based on that, he sold his aircraft. Then, of course, his physical conditioning resulted in a faster recovery and he purchase another aircraft a couple of years after the event. It was then that he found that he could no longer get full coverage.

Now, although I was assured that there would be no problem with me getting full coverage, the cost was not discussed. We're going to find out about THAT little item in a couple of months. (I renew in April...)
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  #9  
Old 01-09-2019, 01:02 PM
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DonFromTX DonFromTX is offline
 
Join Date: Oct 2010
Location: La Feria Texas
Posts: 3,823
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Leah, would you or Shanna shed some light on this subject (and I don't care how old you are either)? Obviously from this thread there are lots of opinions, and at 81 many of my flying friends are at or near that stage as well.
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RV12 built and flying
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  #10  
Old 01-09-2019, 05:50 PM
Geeman Geeman is offline
 
Join Date: Apr 2010
Location: Houston TX KDWH
Posts: 389
Default My "old man" Dad

I had my Dad as a named pilot on my RV. On renewal one year the premium jumped up significantly. I called and they said it was due to his age (75 at the time I think.) so I ended up removing him off the policy. The funny thing is he is a professional pilot ATP, CFI, tons of tailwheel, and taught me how to fly the plane. He was more qualified than I was and he had a 1st class medical. Go figure.
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Purchased and sold flying RV-6
RV-7 Kit (sold to purchase C150 to train my kids)
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