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skytash 0
[replyOn the market : There are different companies around willing to insure us.
But that is not the point : The point is we are insured.
And for me, I don´t like to pay out two, three or even more times.
I just wonder, how comes that in the UK there are different car insurers ? Surely with the logic the BPA was using, all that is neccessary in the UK would be one company only.
But that is not the point : The point is we are insured.
And for me, I don´t like to pay out two, three or even more times.
I just wonder, how comes that in the UK there are different car insurers ? Surely with the logic the BPA was using, all that is neccessary in the UK would be one company only.
Unfortunately there is only one insurer who is willing to provide 3rd party liability insurance for skydiving in the UK. I'm not sure how long this has been the case, however other insurance companies don't seem to be willing to work out what the risk levels are and how to set the premiums.
Working for a life assurance company I suspect there are various reasons for this. I know that we are not prepared to even look at how much life cover premiums would be as there are a maximum of 5072 members of the BPA and the market is therefore too small. If we were to offer it, chances are everyone would take out our cover and we would not be able to spread the risk. This is what happened to AXA on the travel insurance cover, all British jumpers had the AXA travel insurance as it covered skydiving accidents, so they ended up paying for all re-patriations etc and the cost was too high.
I think, and Ludwig please correct me here, that the German Haftpflichtversicherung taken out is similar to that of pilots, as skydivers are a subset of pilots per the airflight regulations. As such, the population of potential people looking for insurance is a lot bigger, and multiple insurance companies will provide cover.
just got a 20 min call - may expand on this later
tash
Don't ever save anything for a special occasion. Being alive is a special occasion. Avril Sloe
The military train about 2000 students per year and have to pay for temp BPA membership for each one.
Why? No idea.
The military insurance covers all potential liabilities - and is paying out at the moment. Oh and apparently the BPA insurance SPECIFICALLY excludes payouts for on duty military (when they are covered my the military)
Can't see that the military paying for all those temp memberships when they are worthless.
Every year I have attended a BPA AGM they say what a good year it has been and how the number of full memberships have dropped. We are doing something wrong or memberships would be on the up. The status quo may be reassuring but is failing.
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