PilotInsure

Aviation Insurance based out of South Africa

PilotInsure blends a passion for flying with expertise in insurance. No one else can offer this service independently.

Franz Smit, the founder behind this innovative insurance solution, would not rest until he had figured out a way to get pilots properly insured for aviation activities & any of life’s eventualities.

This rapidly-growing business is earning its wings by bringing trusted insurance solutions to both commercial & private pilots. PilotInsure won’t stop until we find the best possible products to suit the individualised needs of each pilot. We can bring fresh solutions because we keep ourselves independent & unbiased.

PilotInsure is based in South Africa but we work all over Africa, & have clients currently flying in Africa, Asia, the Middle East, North America, & Australia.

We have had great success in improving overall value for new clients coming on board whose existing insurance cover was outdated, or had non-disclosure issues with the specific type of flying they were actually covered for. Following intense research & negotiation with some of the biggest local insurance houses, the average premium has decreased & the benefits on offer have improved substantially.

We also work with international re-assurers & can put cover in place for just about any risk scenario.

Overall, PilotInsure is independent, flexible, & innovative & takes a positive, needs-based approach to getting the best value on the market.

We like to keep insurance simple & believe in full disclosure.
This ensures a happy open relationship & makes the claims process uncomplicated. As professionals within the industry, we’ll be able to save you money on your insurance package, or offer you better, more insightful products suited to your exact needs.

Services

The number 1 choice for pilots.

Loss of Licence
Loss of licence (also known as income disability) is possibly the most important cover any pilot who flies for a living can have. Most pilots are only too aware of how relatively small health issues (which would not stop a desk-based employee working) can result in not passing your medical & therefore losing your licence.

The holy grail of income disability for pilots.
Loss of license insurance is specifically designed for pilots. It allows you the opportunity to claim for a monthly insured amount, in the event of you not qualifying for your medical due to health reasons & accordingly unable to work as a pilot. Thus, it is our most valuable & important service.

There is an obvious clause attached to the policy where all legal or malicious reasons for losing your license is not covered. Not all pilots qualify for loss of licence either, so contact us with some details regarding your flying habits & we will be able to offer you the best advice as to what your options are.

Life Cover
Life cover will ensure that your family &/or business is financially protected in the event of your untimely death. It is important to make 100% sure that your insurance policy states that you are a pilot, how many hours more or less you fly & what type of flying you partake in.

What you as a pilot need to know
Should it not be stated & you are involved in an aviation related fatality, the insurance company could repudiate your claim based on non-disclosure. Non-disclosure basically means that they are not responsible for the claim as they did not have the full information on what the risk was that they covered.

Therefore, it is vital that any & all details be supplied & that it is clear what your activities as pilot entails, how many hours you fly, how many passengers you carry, do you do shows etc.

Dread Disease
This provides you with a lump sum amount on diagnosis or severe stages of: cancer, heart attacks & other heart diseases, strokes, eye & ear disorders, & paralysis, to name a few.

What you as a pilot need to know
The difference between you being paid out 5% or 100% of the insured amount on diagnosis of a dread disease is determined by the type of policy you have chosen.

Make sure your policy pays out on diagnosis, & not only at stage 3-4 of cancer. You might just need the money for treatment directly after diagnosis & it is obviously better to be paid out 100% of the insured amount as opposed to 5%.

RISK COVER
Covering yourself, your income/ability to provide an income as well as your life could be the most important decision you will ever make.

INVESTMENTS
We offer independent structured investment planning & advice regarding the best investment vehicles on the market, assisting you to reach your dreams.

There are literally hundreds of options when it comes to investing. Very often one forgets the complexity of these decisions & how many different things need to be taken into consideration when deciding on how to invest your money.

Before deciding on investing in anything, ask yourself these questions:
– How stable is my income ?
– When do I want to access the funds?
– How long do I want to invest for?
– Will it only be a lump sum or monthly contribution or both?
– Where to invest, what funds, what vehicles?

Once we’ve identified these requirements, we can start evaluating the underlying assets & asset classes, fund managers, fees & commissions & most importantly, expected return.

Our role is to guide you in the correct direction – when to roll, pitch, yaw or when to engage auto pilot. We do all the checks & calls, so you can enjoy the flight.

BUSINESS INSURANCE
Business insurance caters for the members, owners, partners, as well as employees, & insures the long term success & protection of the business.
Insuring your business is surprisingly easy.
The individual needs & risk profile of every business differs. It is essential to fully understand these needs before the very best advice on business risk protection can be offered. What does the structure look like, which individuals are essential to the success of the business & how can we make sure that the risk of losing that person is managed?

Long term business insurance deals with the following areas:

Buy & sell agreement
Business partners take out life & disability cover on each other to ensure liquidity for change of ownership in the event of a business partner’s death or disability. (i.e.. Preventing the business partners spouse from taking over).

Key man insurance
If there is one or more people in your business that is very important to operating profits, the business can insure that individual. This will be a lump sum amount to “poach” another employee from a competitor or pay for the training of a replacement.

Pension/provident fund
Employees & employer contribute towards an investment focused on providing an income at retirement. There are many tax benefits to a business by implementing this as well as promoting staff loyalty & production. Risk benefit such as life cover & disability are less expensive taken as a company benefit.
Short term business insurance:
We have a group of 6 dedicated short term insurance specialists. As with the long term side of Pilotinsure, they are completely independent & offers the very best value for money short term insurance possible.

Every one of our short-term consultants are true specialists in the field. It also helps that they are very service orientated & fully understand the claims process.

If you want true piece of mind & a specialist on your side at claim stage, we have the perfect people for you.

DISABILITY INSURANCE
Covering your ability to earn an income in the event of an accident resulting in bodily damage, could be one of the most important decisions you ever make.
Disability Insurance
Disability cover for pilots will provide you with either a lump sum, or a monthly “income” in the event of you not being able to fly due to a medical condition/accident. There are two main types of disability cover with a few variations. The variations are what determines the premium you pay & like all things in life, you get what you pay for.

What you as a pilot need to know
Always make sure (if you qualify) that you have the best product on the market – a couple of extra rands a month could be the difference between continuing with your same standard of living, or needing to rely on friends & family for your next meal &/or medical expenses.

The local insurance companies approach insuring pilots very differently. Therefore, you should get quotes from at least three different insurance houses & have an aviation insurance specialist go over the difference in cover offered to you. It’s not always just about the price.

IMPAIRMENT
Covering yourself & your ability to earn an income in the event of an accident resulting in bodily damage could be one of the most important decisions you ever make.

Impairment
Impairment cover covers your bodily function, i.e.. loss of function of a limb or loss of a limb. This refers to all main function of the body, internal organs, eyes, speech, physical ability etc.

What you as a pilot need to know
Impairment cover is a lump sum amount that will pay out a percentage of cover based on the severity of the condition. For example, loss of vision in one eye (25%-50%) or loss of vision in both eyes (50%-100%). This can be caused either from an accident or from a disease.

Various insurance companies have different claims criteria, so it is essential for you to ask the important questions & know what the differences are before entering into an impairment policy.

SHORT TERM INSURANCE
Short term insurance products are tailored to your exact needs & are designed to reimburse you for loss or damage to your assets.

What you as a pilot need to know
We have specific contracts in place with the leading insurance houses in South Africa & abroad that will guarantee your peace of mind.

As the claim percentages within short term products are extremely high, we have dedicated claim experts who will assist you every step of the way when there is a claim. This will take all the unnecessary hassle & paperwork out of the claims process & you can continue with business as usual while we deal with it.

Areas of short-term insurance we specialise in:

Aircraft
Personal or corporate

Events
Liability

Fleet
Corporate fleet Insurance

Theft
Home content &/or stock

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