Airborne_Again wrote:
I do believe they have to pay liability anyway as the main purpose of 3rd party liability insurance is to make sure that the 3rd part gets compensated even if the responsible part isn’t able to pay. But of course they will then try to go after the pilot.
It’s always the case for 3rd party in any country in the world, can you imagine the same logic for pedestrians in the road? say I am getting hit by drunk car driver or reckless truck, losing my two legs and not getting a penny?
For hull value, insurance may refuse to pay but historically they ALWAYS did, it’s not their interest to break market confidence or ‘disaggregate the pool’, anyway they would charge higher premiums based on probabilities and actual aircraft value and these would factor outcomes from the most reckless & negligent pilots, insurance has more problems with ‘frauds and false claims’ than people crashing…
If the amounts are high with negligence, they would pay and retrospectively come back after the pilot (or whoever the rich guy behind him if the pilot is a poor guy on tight salary with zero assets)
BTW minimum 3rd party cover in the EU is way more than 1.5M.
I meant 1 or 5 or whatever million.
In the US it’s usually 1 million or none required at all.
In EU it’s 5?!
Anyway, most cars have significantly higher third party liability sums.
Country dependent…
