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About Your Policy Renewal
I'M NOT VERY FAMILIAR WITH THE MAKE AND MODEL OF MY AIRCRAFT-AM I AT RISK FOR BEING REJECTED BY THE UNDERWRITER?
If the aircraft to be insured is of a make and model unfamiliar to you, work with your broker to develop a pilot training and transition plan before you or anyone approaches the underwriter. A strong transition plan takes the burden off the underwriter and may turn an underwriting rejection into a good quotation.
Keep in mind, the underwriter is paid to accept or reject the risks as it is presented. If accepted, it is his job to price the policy and outline the coverage he is willing to extend for that price. It is not his job to engineer the risk to make it more acceptable. That is up to the client and the broker.
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Australian Financial Services Licence number 241408
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