Bobcat From United States of America, joined Jun 2007, 0 posts, RR: 0 Posted (12 years 5 months 2 days 21 hours ago) and read 18539 times:
How much do airlines usually pay victim's family when the death is a directly result of the plane crash? (except in cases of terrorism, hijacking, war, govt/military action, etc...)
I'm asking this because I just read that China Airlines and Singapore Airlines(crash at TPE) have paid families over USD$300,000 for each victim who died in the crash. With the latest CI crash, the figures will be up to between USD$400k and USD$500k.
This is on top of whatever the victims have in life/accident insurance.
Aren't the airlines liability limited to much smaller sums? Do U.S. airlines pay more or less for similar crashes?
My insurance agent sent me the above link. She said the Air France Concorde crash victim families received a little over 2 millions(USD$) per victim. By comparison, Singapore Airlines "only" paid USD$400k each? (while still more than what China Airlines usually pays)
Why is there such a big difference among the airlines? Does it have to do with the type of insurance/policy/underwriter the airline has?
What is the normal sum paid by US airlines? (such as ValueJet, Pan Am 103, TWA800 crashes...)
Trickijedi From United States of America, joined May 2001, 3266 posts, RR: 4
Reply 4, posted (12 years 5 months 2 days 3 hours ago) and read 18479 times:
I actually was going to post about this very topic myself. I'm glad you posted it and look forward to some answers.
I am sure that there are some laws and agreements in the past that set a minimum amount for airlines to pay out. And I'm sure that it also largely depends on the airline's coverage and its accident history... the more accident, the more high-risk therefore the higher the premium.
Its better to be on the ground wishing you were in the air than be in the air wishing you were on the ground. Fly safe!