MacCool
Well Known Member
I’ve been insured with AIG, only for this past year, premium was $1600. I was apprehensive about the renewal since I just turned 70. The AIG rates did rise, about $200, which is fine.
However, the renewal offer from my broker included a quote from Global, which was about $100 cheaper than AIG, but included twice the individual passenger liability ($200,000 from Global vs $100,000 from AIG) and no deductible for aircraft physical damage (AIG was $500 not-in-motion and $2500 in-motion). All other aspects of the policy including my friend/instructor’s coverage and open-pilot warranty are the same.
No-brainer, right? My only question is insurability going forward, relative to age.
Any benefit in the coming few years to continuing my coverage with AIG and having a track record with them that might offset any disinclination to rocket the premiums in the future due to age?
However, the renewal offer from my broker included a quote from Global, which was about $100 cheaper than AIG, but included twice the individual passenger liability ($200,000 from Global vs $100,000 from AIG) and no deductible for aircraft physical damage (AIG was $500 not-in-motion and $2500 in-motion). All other aspects of the policy including my friend/instructor’s coverage and open-pilot warranty are the same.
No-brainer, right? My only question is insurability going forward, relative to age.
Any benefit in the coming few years to continuing my coverage with AIG and having a track record with them that might offset any disinclination to rocket the premiums in the future due to age?