Our club has been investigating self insurance and whilst trying to unravel the web of insurance I discovered the following.
For those pilots who only carry $1M 3rd party liability insurance for a single seat privately owned glider the cost is $693. The actual cost of the $1M cover is only $225 but the insurance company has a minimum policy cost of $500 which equates to $693 when you add in all of the fees and taxes. Maybe GFA can put pressure on our insurance company to remove or reduce the $500 min policy fee for its members. The other point is that for the same cost you can increase your cover to $2M and for an additional $12 you can increase you cover from $1M to $3M - makes you wonder why they even offer $1M and $2M cover policies. Regards Peter The material contained in this email may be confidential, privileged or copyrighted. If you are not the intended recipient, use, disclosure or copying of this information is prohibited. If you have received this document in error, please advise the sender and delete the document. Neither OneSteel nor the sender accept responsibility for any viruses contained in this email or any attachments.
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