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Complete the insurance aviation supplement form correctly
Once you mark that you are a pilot, the insurance company will require an aviation
questionnaire to be completed with your application. Utilize your pilot friendly agent when
completing this form to ensure that your information is listed correctly. You want to make sure
that your additional ratings and experience will help and not hurt your premium rate. The way
you state your information can sometimes be misinterpreted by the insurance underwriter due to
their general lack of aviation knowledge and this can negatively affect your premium rate offer.
Once again, a pilot-focused agent can ensure that your answers will be stated in a way that
insurance companies will understand. Think of your insurance agent like your attorney and the
insurance company as the court. Your agent needs to be knowledgeable on your background
and your case to best represent you to the insurer and give you the ultimate chance of securing a
preferred rate.
Here is a short list below highlighting some common mistakes our clients have made on the insurance aviation questionnaire:
- Pilots with their CFI rating but do not instruct need to clearly state that they are not active in flight instruction since active flight instructors typically do not qualify for the same rate class as other pilots.
- CFIs instructing only certified pilots (refreshers, bi-annuals, checkrides, etc.) can qualify for a much better rate class than those instructing primary students.
- Pilots who partake in unusual attitude training should not mark 'Yes' to the aerobatic flying question. It should be stated that you perform these maneuvers for safety purposes. The premium difference can be huge.
- Pilots performing air ambulance activities must clarify whether they fly fixed-wing or rotorcraft since fixed-wing rates will be much less due to the conditions each type islikely to fly into.
The bottom line is that by working with an aviation experienced agent you have a much better chance of having your case stated correctly to the insurer.
What All Pilots Should Know When Applying For Life Insurance
1. Work with an aviation experienced insurance agent
2. Know the aviation guidelines before submitting an application
3. Complete the insurance aviation supplement form correctly
All-Around Tips When Applying For Life Insurance
1. How to have a better medial exam
2. Disclose your complete medical history to the insurance company
3. The low-down on smoking rates
4. The more you weigh, the more you pay
5. Conclusion
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