Insurance | TSS Flying Club

About Us

Insurance Policy

The TSS Flying Club Inc is currently insured for hull and liability with AIG. ALL MEMBERS OF TSS ARE ADDITIONAL NAMED INSUREDS UNDER THE POLICY. This means that AIG will not come after you for any claims that they pay out (probably not the case for FBO rentals).

Liability

We have overall coverage of $1.0M per accident or incident with sublimits of $100,000 per person killed or injured. These sublimits have caused many TSS members to purchase renter’s insurance from AIG, AVEMCO, AOPA, and/or other places to have additional liability coverage. In today’s world, the $100,000 sublimit does not protect a member’s personal assets sufficiently. (Because your percentage ownership of any one plane is so small, these insurers consider you eligible for their non-owners/renter’s policies). Since 1973, there have been no accidents in which there was personal injury although our members have totaled three airplanes.

Hull (Collision in automobile terms)

We have a $1,000 deductible in the policy. And the Club bylaws allow the Board not to file a claim and to assess a member no more than $5,000 for a non filed claim. And if a member is involved in an accident or incident that causes the insurer to deny coverage to the Club and to the Member involved, then the Member is liable to the club for the total loss to the club.

Examples

Situation	Result
While on the ground, a member pushed the airplane into an immovable object causing $3,000 to $4,500 of tail damage	The Board did not file a claim and had the member pay for the repair AIG gives us a significant discount on our hull coverages if we have two claim free years in a row. All accidents are reported to our insurer but only the ones in which claims are filed and the insurer pays are the black marks that cause us to lose the “good conduct” discount. This is one reason why the Board prefers not file claims when a member’s conduct is, less than “stellar”.
Partial gear failure caused by a mechanical problem not induced or caused by the member Repair of bird strike damage to a wing.	The Club has paid the deductible and did not assess the member (all members share in these risks — an advantage of a club)
Having an expired medical (don’t think this can’t happen) Not meeting TSS & AIG’s checkout requirements Not being current per TSS & AIG’s requirements Lacking current biennial flight review Allowing a non member to take off or land the airplane and an accident happens	Coverage would be denied. Please note this is a partial list of items which could cause a denial of coverage; consult the insurance policy for exact information.