New Aviation insurance product already a great success
January 2015 saw the official launch of our new 'One up, One down' policy and it's already proving to be very popular.
One up, One down is a unique, new product that can dramatically reduce insurance costs for private pilots owning two, or more, aircraft.
As our MD, Philip Lepp explains. "A number of our private clients have two aircraft, be it a fixed wing and rotor, glider and prop, or modern and vintage and it seemed unfair to us that they should pay to cover for both to be airborne when they can, after all, only fly one at a time."
So, we developed the One up, One down policy. It provides a dramatic reduction in premiums without a drop in the level of cover (the second aircraft still has full cover on the ground) and it’s just one example of how Sydney Charles are finding ways to provide groundbreaking new insurance solutions.”
Philip, previously a pilot himself, continues: “We are always keen to discover ways to provide policies that either enhance cover, reduce premiums or preferably, do both and we have more innovative products in the pipeline. So watch this space!
