Losing your medical and insurance
11-05-2016, 03:07 AM
#33
Gets Weekends Off
Joined APC: Apr 2011
Position: retired 767(dl)
Posts: 5,761
Yup, just in the last 5 years my guard dog bit a 14yr old kid who was trespassing into my back yard to steal something, one of my -ex- good friends was drunk and standing up in the back of my truck when he fell out, (at 5mph!) and my son crashed a car I bought him with two girls in it. All were fine, no serious injuries, but I was sued for all of the above.
USAA paid for it all, thank God!
Oh, and last year my dog chased a stray dog out of my front yard and ran into the street, got run over by a car. He lived, but he was in the vet's office for a month with a dislocated shoulder and about 15 stitches, the bill was $1000. The owner of the car sued me for the $1,600 in damages to her bumper! USAA paid that too.
USAA paid for it all, thank God!
Oh, and last year my dog chased a stray dog out of my front yard and ran into the street, got run over by a car. He lived, but he was in the vet's office for a month with a dislocated shoulder and about 15 stitches, the bill was $1000. The owner of the car sued me for the $1,600 in damages to her bumper! USAA paid that too.
11-05-2016, 08:31 AM
#34
Gets Weekends Off
Joined APC: Feb 2007
Position: M88 B
Posts: 399
To expand on this, umbrella coverage is insurance that covers you and other covered people in your household from lawsuits and claims when you have a car accident, someone is injured at your house, or similar things. Yes, you have auto insurance and homeowners, but those have limits. Umbrella coverage provides additional liability insurance to protect your assets and future earnings. I am not an insurance salesman, this is just the basics of what I know about it.
I pay about $233 a year for a million dollars of umbrella coverage.
You may think "why do I need this" but a Captain I flew with recently was sued because his teenage son was driving his car and rear-ended someone. Minor damage, but the two people inside claimed all sorts things and got a lawyer and sued him personally. He just forwarded the lawsuit to the umbrella insurer and they took care of it.
Depending on where you are in this career, you have or will have significant assets, I think the additional insurance is very handy.
I pay about $233 a year for a million dollars of umbrella coverage.
You may think "why do I need this" but a Captain I flew with recently was sued because his teenage son was driving his car and rear-ended someone. Minor damage, but the two people inside claimed all sorts things and got a lawyer and sued him personally. He just forwarded the lawsuit to the umbrella insurer and they took care of it.
Depending on where you are in this career, you have or will have significant assets, I think the additional insurance is very handy.
Not all Umbrella policies are the same. Read the language and make sure they have worldwide coverage. Also, make sure you have personal injury on your homeowners. Many companies don't offer this but it can save your butt. It covers slander, liable and false arrest. Example, your son is on Facebook and calls Wendy the "town pump", Wendy's parents sue for slander! Fun times, right. Without personal injury coverage, you have a gap in coverage for those items.
Many on this form have USAA, they have some language in their personal auto policy that stinks. In essence, the auto liability limits provided to a realtive is limited to 30,000 (even if you have much higher limits). The scenario is you could be taking the grandkids to lunch, be involved in an accident and cause significant injuries. Your policy would pay upwards of the policy limits to the other party but stop short if it's a realtive. I encourage everyone to read their policy and close the gaps in coverage...Because we by nature of our income stream, will be targeted by attorney's.
I have a client now that owns a restaurant and the lawyer's just keep coming...it's never their clients fault mentality.
11-06-2016, 06:06 AM
#35
Gets Weekends Off
Joined APC: Feb 2008
Posts: 19,704
I spoke again with the person at DALPA who stated PS did not count toward FAE for disability. He said he was incorrect and it counts fully just to insure the issue is clear. That's a great thing to have because as mentioned it would boost the average pilots disability payment a couple thousand dollars a month.
11-07-2016, 10:12 AM
#37
Barbie's PIMP
Joined APC: Jun 2015
Position: The Buck
Posts: 269
11-07-2016, 06:02 PM
#39
Gets Weekends Off
Joined APC: Apr 2011
Position: 717A
Posts: 243
Speaking of the company provided life insurance, does being out on disability, short or long term, count as still "being with Delta" for the purposes of the life insurance? In other words, if I get sick at age 50, exhaust sick leave and go on disability, then, say 5 years later, die from the illness, does the DAL provided life insurance pay out?
11-07-2016, 07:36 PM
#40
Runs with scissors
Joined APC: Dec 2009
Position: Going to hell in a bucket, but enjoying the ride .
Posts: 7,756
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