I dumped AIG
Travers and associates took a few days to find a 'cheaper' alternative. They found a different company, Specialty Aviation Underwriters, and I was able to go from $1607 to $1492 but my deductable went from $100 to $500. Everything else about the coverage is the same. Not a big savings but when the first two numbers are 14 instead of 16 if feels a little better cutting that check!
So AIG would not budge on the number for a second or third year in a row so I didn't feel bad about leaving them for a different company with the same A rating. Wish I had done it a year or two earlier.
Here's a blurb about them since I never heard of them before.
Specialty Aviation Underwriters has opened for business to insure a range of aviation risks, including antique and classic aircraft, experimental and homebuilt aircraft, "war birds," ex-military aircraft and seaplanes. The new venture will also insure transitioning pilots.
The new entity is headed by Truman (Ted) Thomas, the former owner of Southern Aviation Insurance Underwriters. More recently he held senior management positions with HCC Aviation Insurance Group and U.S. Specialty Insurance Co.
The company initially will offer hull limits up to $500,000 per aircraft and up to $1 million in liability coverage. Higher limits on specific aircraft are expected to become available. Liability-only policies, including medical payments coverage, also will be available. Eligible aircraft can have no more than 10 seats. Short-term policies will be available for special events.
Initially, coverage will be confined to aircraft based in the continental U.S., with geographic limits extending to Canada, Mexico, the Bahamas and Caribbean islands, as necessary.
All aviation coverage will be underwritten and issued via Specialty Aviation Underwriters Inc., in Birmingham, Ala. The carrier will be Old United Casualty Co., rated A VII by A.M. Best.
For more information, contact Specialty Aviation Underwriters Inc. at (205) 335-5089