David F Posted August 17, 2009 Share Posted August 17, 2009 My renewal has just been delivered and it is a bit steep.Does anyone know of developments with RAA regarding insurance?Any reccomendations? Dave Link to comment Share on other sites More sharing options...
Galpin Posted August 17, 2009 Share Posted August 17, 2009 Dave, what does "a bit steep" mean? Can you give a ball-park figure we should consider? I am aware of some RAA members who do not insure their aircraft because they consider $3000 plus to be "too steep." Link to comment Share on other sites More sharing options...
David F Posted August 18, 2009 Author Share Posted August 18, 2009 Hi Galpin Comes in at $2400 for flight taxi and ground cover worth $60000 I only asked as I have heard that the RAA were organising a blanket policy which should be cheaper.I am with a large company who have a good reputation when it comes to claims.I have not had a claim and it is the third year of bieng insured. Dave Link to comment Share on other sites More sharing options...
Guest watto Posted August 18, 2009 Share Posted August 18, 2009 Give these guys a call as they have pleasantly surprised me! Aaron Stephenson Phone: (02) 9466 0080 Direct: (02) 9466 0018 Fax: (02) 9466 0070 Mobile: (0417) 29 2209 Email [email protected] Postal Address: GPO BOX 3595 SYDNEY NSW 2001 Link to comment Share on other sites More sharing options...
Guest Brett Campany Posted August 18, 2009 Share Posted August 18, 2009 Also try Tim Kelly Tim Kelly Broking Assistant Direct: (02) 9466 0001 FAX: (02) 9466 0070 Email [email protected] Tell him I sent ya and he'll look after you. Link to comment Share on other sites More sharing options...
Guest basscheffers Posted August 18, 2009 Share Posted August 18, 2009 Does the quote incluce 3rd party and passenger? RA-Aus has that already. If those limits are high enough for your needs ($1M and $250k I believe) all you need from your insurance company is hull insurance. With only experienced named pilots and no claims history, I don't see why that should be much more than 2.5% plus stamp duty and GST. Link to comment Share on other sites More sharing options...
Guest Maj Millard Posted August 19, 2009 Share Posted August 19, 2009 I'm paying $2400 a year for $65,000 insured with a reputable company. I went with them because I had spoke with others who had had a major claim with them, and they said they paid up no problem. I would be wary of the new kid on the block, no matter how good they say they are, or who they are aligned with (Raa). You only find out how good your insurance company is, when you have a major claim. I want the biggest company with the longest track record in the industry. The company I am with was also one of the first, and have been one of the longest supporters of UL insurance, over the years. Loyality to our sport sits right with me, so I support them.............................. Link to comment Share on other sites More sharing options...
frank marriott Posted August 19, 2009 Share Posted August 19, 2009 I'm paying $3.000 for $100,000 - sounds like a ball park figure.. ? any comments? Link to comment Share on other sites More sharing options...
Guest Maj Millard Posted August 19, 2009 Share Posted August 19, 2009 That don't sound too bad to me Frank.......................................................... Link to comment Share on other sites More sharing options...
Guest check-in Posted August 19, 2009 Share Posted August 19, 2009 $1870 for $40,000 hull cover plus $2 million passenger cover with $1000 excess. Almost double what my boat costs to insure for about the same value and liability. But the boat has sails, so an engine failure is unlikely to result in damage. And the boat engine is a Japanese diesel so far less likely to fail anyway. While it seems steep, on balance of risk to the insurer, I suppose it's par with a flash sports car. Link to comment Share on other sites More sharing options...
Guest Maj Millard Posted August 19, 2009 Share Posted August 19, 2009 I think it's got a lot cheaper than it used to be, and there was a time when it looked like you wern't going to get any at all. I would like to see the Raa support the company that has been behind us all the way, instead of some new mob that nobody has heard of before............................................................................ Link to comment Share on other sites More sharing options...
Guest basscheffers Posted August 19, 2009 Share Posted August 19, 2009 I don't think you need to worry about "the new mob". As far as I am aware, there are only three underwriters in Aus that do RA-Aus planes: Vero, Alianz and QBE. Three is a good sustainable amount of players offering just enough competition to lower prices. So go to a broker, get them to get quotes from all of them and go with the best deal! Also make sure your broker is experienced with RA-Aus as they can write the proposal to take the insurance we already have into account. Link to comment Share on other sites More sharing options...
David F Posted August 20, 2009 Author Share Posted August 20, 2009 Got It sorted premium is 3% hull value then extra for liability and passenger + stamp duty and GST decieded to keep the extra cover for passenger as RAA is only up to 250 k.Will review the situation next year.Thanks for your input. Dave Link to comment Share on other sites More sharing options...
HEON Posted August 20, 2009 Share Posted August 20, 2009 Correct statement that it is comming down as my August renewal was less dispite a claim last year. Link to comment Share on other sites More sharing options...
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