----- Original Message -----
Sent: Saturday, June 23, 2007 7:32
PM
Subject: [FlyRotary] Re: life insurance
was Re: Speaking of Lawyers
And our insurance agents? Will policies pay out due to
death while
piloting an experimental aircraft? I've always assumed
companies put in
boiler-plate wording against that sort of
thing.
Most life insurance
policies do have limitations that excluded flying any aircraft, much less
experimental ones. You have to make sure you get this all approved up
front, rather than hoping it will all work out. Philips offers cheap
life insurance, but it has the exclusion, so I don't buy any of it.
State Farm can certainly sell you insurance that will cover you, but you will
pay a bit more for it.
I also agree about the
lawsuit thing. My wife knows I wouldn't want her to sue anyone unless
there was a very clear reason to do so.
Cheers,
Rusty (hoping not to
use the insurance tomorrow)