The cost of pilot training can be an incredible burden on a family.
Together with Millstream and Hiscox, we have built an extremely competitive Loss of training expenses insurance, that we are providing complimentary for all our Trainee members.
Should you wish the purchase the insurance separately, the pricing can be found here.
Key benefits of the policy
- Provided complimentary for all our Trainee members
- Cover up to $150,000
- Coverage for flight schools globally
Select your options to view the applicable policy fee. To view a different option, either reselect or use the CLEAR button which will appear below. There is no commitment or email required to use the calculator.
N.B. The pricing matrix below is inclusive of any admin and payment fees. The price you see is the price you pay. There are no hidden charges at any point in the payment procedure.
Description
Loss of training expenses
Many aspiring pilots take out a loan or re-mortgage property to pay for their training, and there is always anxiety about how the loan will be repaid should it become impossible to continue pilot training due to injury or illness.
Loss of training expenses insurance can remove this anxiety for you, providing the knowledge that your training costs will be covered should you become medically unfit.
Once your training is complete and you are in possession of your licence, we will be able to switch you seamlessly onto our loss of licence insurance scheme.
To request the policy wording, please email: insurance@mach8zero.com
About the insurer
The Loss of Training Expenses insurance is underwritten by Millstream Global Flying on behalf of Hiscox Insurance Group.
Millstream Global Flying joined Millstream Underwriting Limited (a part of Nexus Group) in 2018. Previously known as Hiscox Global Flying, it has been offering Loss of Licence and Loss of Training Expenses insurance cover worldwide since 1996. Millstream Global Flying is a leading underwriting team and one of the most experienced in its field.
Hiscox is a global insurance company with 3400 employees in 35 offices across 14 countries, including a syndicate (#33) at Lloyd’s of London. This global presence enables Hiscox to offer insurance solutions worldwide covering a broad spectrum of risks.
Hiscox Insurance group has significant financial strength, demonstrated by A and A+ ratings from A.M. Best, Fitch and S&P. Their Lloyd’s syndicate is also rated A by A.M Best.
View Hiscox Financial Strength Ratings
Read about Hiscox
