Insurance excess

[SGM]

Personally, I think any flight school passing on a $15,000 excess to a student should be publicly named here (and shamed).  It's not defamation just the reality of how they are doing business.

[BrendAn]

3 minutes ago, SGM said:

Personally, I think any flight school passing on a $15,000 excess to a student should be publicly named here (and shamed).  It's not defamation just the reality of how they are doing business.

I don't want to go down that road yet. But I agree with you.

[skippydiesel]

On thing puzzles me in the insurance excess story;

 

Unless I am much mistaken the choice to have an excess, thereby reducing the premium, is entirely at the request of the insured. By having an excess the insured takes on some of the risk.

 

Its conceivable that a flight school might chose to have no excess or something between this and the maximum (whatever that is).

 

So the choice is the insured (flight school) not the customer (student).

 

The student has no input to accept a degree of risk or not and yet in your story is held accountable - how is that?

 

By opting  for the excess ($?) the flight school has reduced its operating costs - likly  increasing its profit margin.

 

Scenarios;

A. The student unlikly to benefit directly from the reduced operating costs or the increased profits.

B. The flight school passes on the reduced operating costs = more competitive in attracting students = more profit

 

Any excess payment by the student is enhancing the flight schools bottom line - profit!

 

I don't believe the demand for the student to pay excess, that he/she did not negotiate,  has any legal merit and in the end is a SCAM to increase profit margin.😈

 

 

Edited 21 hours ago by skippydiesel

[BrendAn]

8 minutes ago, skippydiesel said:

On thing puzzles me in the insurance excess story;

 

Unless I am much mistaken the choice to have an excess, thereby reducing the premium, is entirely at the request of the insured. By having an excess the insured takes on some of the risk.

 

Its conceivable that a flight school might chose to have no excess or something between this and the maximum (whatever that is).

 

So the choice is the insured (flight school) not the customer (student).

 

The student has no input to accept a degree of risk or not and yet in your story is held accountable - how is that?

 

By opting  for the excess ($?) the flight school has reduced its operating costs - likly  increasing its profit margin.

 

Scenarios;

A. The student unlikly to benefit directly from the reduced operating costs or the increased profits.

B. The flight school passes on the reduced operating costs = more competitive in attracting students = more profit

 

Any excess payment by the student is enhancing the flight schools bottom line - profit!

 

I don't believe the demand for the student to pay excess, that he/she did not negotiate,  has any legal merit and in the end is a SCAM to increase profit margin.😈

 

 

For a start. It is not a story.

And how many times do we have to go over it. It's not that complicated 

 

[skippydiesel]

3 minutes ago, BrendAn said:

For a start. It is not a story.

And how many times do we have to go over it. It's not that complicated 

 

What's wrong with "story"? Check out the various meanings of the word.

 

AND

 

Unless mistaken - no one has mentioned who benefits from the excess option - I just did.😈

Edited 21 hours ago by skippydiesel

[BrendAn]

3 minutes ago, skippydiesel said:

What's wrong with "story"? Check out the various meanings of the word.

 

AND

 

Unless mistaken - no one has mentioned who benefits from the excess option - I just did.😈

I don't know what more I can say.

[Lucky01]

High excess = lower premiums

 

Common sense.

[skippydiesel]

9 minutes ago, Lucky01 said:

High excess = lower premiums

 

Common sense.

Ahh! - your point???

 

 

[skippydiesel]

18 minutes ago, BrendAn said:

I don't know what more I can say.

Your initial response, clearly indicated you had not read my post

 

You could try reading it (in full) and should you be motivated by my musings , you may like to respond accordingly.😈

[Lucky01]

Nothing... Nothing at all...

 

Looks like your all over it champ.

[BrendAn]

15 minutes ago, skippydiesel said:

Your initial response, clearly indicated you had not read my post

 

You could try reading it (in full) and should you be motivated by my musings , you may like to respond accordingly.😈

I understand what you are saying. I just don't know what else I can ad that I haven't already said.

[facthunter]

Round and round it goes. Instructors get paid bugger all and I  Never knew of schools which made a handsome profit. . That's the reality of the  scene. Cheap Flying is a bit of an Illusion. Nev

[Red]

2 hours ago, skippydiesel said:

On thing puzzles me in the insurance excess story;

 

Unless I am much mistaken the choice to have an excess, thereby reducing the premium, is entirely at the request of the insured. By having an excess the insured takes on some of the risk.

 

Its conceivable that a flight school might chose to have no excess or something between this and the maximum (whatever that is).

 

So the choice is the insured (flight school) not the customer (student).

 

The student has no input to accept a degree of risk or not and yet in your story is held accountable - how is that?

 

By opting  for the excess ($?) the flight school has reduced its operating costs - likly  increasing its profit margin.

 

Scenarios;

A. The student unlikly to benefit directly from the reduced operating costs or the increased profits.

B. The flight school passes on the reduced operating costs = more competitive in attracting students = more profit

 

Any excess payment by the student is enhancing the flight schools bottom line - profit!

 

I don't believe the demand for the student to pay excess, that he/she did not negotiate,  has any legal merit and in the end is a SCAM to increase profit margin.😈

 

Spot on

 

[BrendAn]

3 minutes ago, Red said:

 

Spot on

 

Don't you start

[Red]

21 minutes ago, BrendAn said:

Don't you start

My opinion is allowed here I believe

[BrendAn]

2 hours ago, Red said:

My opinion is allowed here I believe

i don't think you even read the posts before you comment, now you are encouraging skippy with his rants..

 

[Red]

Brenden stop with grudge shit everytime someone expresses a view not aligned to yours, its getting tedious

[BrendAn]

32 minutes ago, Red said:

Brenden stop with grudge shit everytime someone expresses a view not aligned to yours, its getting tedious

no grudge. you were putting shit on me when i was trying to explain what i mean't about third party insurance.

you get back what you give. i put this thread up to make people aware of something they should check out prior to training.

not to have an argument with a pom on the other side of the world who looks like he is off little britain.

[johnm]

apart from the rock throwing (all directions) ............ thanks Brendan - somthing to note

 

.......... could be the answer - lets ask some flight schools and see what they say about how they treat any insurance excess - and post 

[Thruster88]

When renting a car the insurance excess will be spelled out before the agreement is signed by the renter. If that hasn't happened with the student pilot then they would not be liable. 

[Blueadventures]

Maybe some schools add 5 or 10 dollars to their lesson price to accrue for any insurance excess for claims.  If not they should think about it. 

[skippydiesel]

1 hour ago, Thruster88 said:

When renting a car the insurance excess will be spelled out before the agreement is signed by the renter. If that hasn't happened with the student pilot then they would not be liable. 

 A far better but still lacking analogy would be ; A learner driver hiring an instructor -  doubt that any excess is either mentioned or demanded

 

The student is not hiring an aircraft. He/she is hiring a training service, which include an Instructor who is responsible for both aircraft & student

 

As always, I doubt the legal basis for asking a student pilot to be liable for any part of the aircraft insurance.

Further

Even if legal - its a very poor customer relation policy - far better to incorporate ALL insurance cost in the hourly tuition fee.😈

Edited 3 hours ago by skippydiesel

[jackc]

Every time I see this stuff, I think of an aircraft with no numbers, a person with no training, no instructor, a plane in a big paddock, fully fueled, 100 hours YouTube training, spend half a day doing bunny hops.

insurance? What that?

After lunch…….just send it 😁😁

[skippydiesel]

8 minutes ago, Blueadventures said:

Maybe some schools add 5 or 10 dollars to their lesson price to accrue for any insurance excess for claims.  If not they should think about it. 

Why?

The insurance cover selected by the school should be  what they deem appropriate for their business/function. No further charge to the student is necessary.😈

[Blueadventures]

1 hour ago, skippydiesel said:

Why?

The insurance cover selected by the school should be  what they deem appropriate for their business/function. No further charge to the student is necessary.😈

Good business sense, like $30 a lesson for maintenance and new engine at 2000 hours if Rotax. Just my opinion and post info.