I didn't want to hijack Ron's thread, but I have a similar question with respect to life insurance.
As I understand my insurance policies (I could be interpreting this wrong, also - if so, please set me straight), if I die while flying in an experimental aircraft, my life insurance company can refuse to pay off my policies.
In general, the cost of purchasing a gyrocopter, the cost of training, operation, maintenance, etc. are the main reasons I am still a sideline enthusiast instead of a flying enthusiast - But, some day I do hope to be able to finance my dream hobby.
However, I am also aware that, if the above is true about my life insurance, I have to ask if I really want to risk that source of income for my family in the event I were to be killed while pursuing a (very enjoyable) hobby.
Have any of you thought about this? Is it really true? What are your opinions and how are you personally and financially dealing with this issue?
Thanks - Dave Bohler
As I understand my insurance policies (I could be interpreting this wrong, also - if so, please set me straight), if I die while flying in an experimental aircraft, my life insurance company can refuse to pay off my policies.
In general, the cost of purchasing a gyrocopter, the cost of training, operation, maintenance, etc. are the main reasons I am still a sideline enthusiast instead of a flying enthusiast - But, some day I do hope to be able to finance my dream hobby.
However, I am also aware that, if the above is true about my life insurance, I have to ask if I really want to risk that source of income for my family in the event I were to be killed while pursuing a (very enjoyable) hobby.
Have any of you thought about this? Is it really true? What are your opinions and how are you personally and financially dealing with this issue?
Thanks - Dave Bohler