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About Your Policy Renewal
WE NEED YOUR INSTRUCTIONS
We endeavour to obtain updated underwriting information early enough to present your risk to the appropriate markets for coverage proposals. Then we try to provide you with our recommendations in time to get your approval and to get all the paperwork processed.
We normally send out a Renewal Letter around 21 days before the expiration date. In most cases the form shows some of the most recent information in our files such as pilot hours, etc. We recommend you keep copies of previous underwriting forms to make updating current information a little easier. The sooner we receive the updated underwriting information the sooner we can get renewal proposals.
Accurate pilot information is very important. The additional experience acquired during the past year can result in improved premiums and coverage limits available (based on current standards), especially with pilots who have transitioned into more complex aircraft.
Your hull insured value should be reviewed and adjusted, if necessary, to reflect the aircraft current market value. Any additional equipment added, or improvements made such as new paint or interior should be taken into account.
Keeping you as a customer by renewing your policy is very important to us!
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Australian Financial Services Licence number 241408
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