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About Your Policy Renewal
SHOULD I SHOP AROUND FOR THE BEST PRICE?
There are only a small number of underwriters capable of writing your insurance. If you have selected a strong broker who specialises in aviation insurance, he can approach the entire group for you. Pitting two or more brokers against each other is usually counter-productive because an underwriter will only extend terms to one broker at a time.
The first quote or declination given by a company must remain the same for any subsequent broker you appoint. Your selection process should be that of choosing your broker. If only one broker is presenting your risk, the underwriter will know that this is the person with whom he must deal. You eliminate the confusion of multiple brokers contacting the same underwriter and keep your insurance marketing at a most professional level.
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Australian Financial Services Licence number 241408
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