2007 SAC Insurance Plan Details Released

The 2007 SAC Insurance Plan has been released and I will soon be sending the rating guides and renewal details to all private owners via email.

There have been some significant changes to the plan this year.

1. Private ship and club ship hull premiums have been decoupled to recognize that private owners have demonstrated a lower loss level in the past than the club aircraft.

2. All pilots must undergo an annual checkride to be insured (both private and club aircraft)

3. New deductible limits
a. the standard $500 deductible remains

b. 5% or 10 % hull deductible is available for a 5% or 10% hull premium decrease respectivley

4. a pilot claim declaration must be made by all private owners every year

5. The 2008 plan renewal date is moved to 1 Mar 2008, so this policy covers a 13 month period

6. On average the base premium decrease for this renewal is approximately 2.5% for Club Aircraft and 16.5% for Private Aircraft (Liability Only and Ground Risk Only aircraft receive a smaller decrease). Actual decreases will vary for individual aircraft.


Insurance coverage for all aircraft is bound over until 1 Mar 2007 when full payment is required for the 2007 policy.