Thu Apr 02, 2020 4:41 pm
#1758086
My insurer has agreed to let me drop to GRO, as has the insurer of our two Club aircraft. Some strings attached (no refund now, wait until I can resume flying and get a refund (or was it a credit?) then, and no refund of the grounding turns out to be less than a month (I wish!) . Certainly nothing to loose by asking. We also had a Club aircraft on GRO for about 6 months while a serious engine issue was being fixed. While the aircraft is not flying, provided it is in a secure location, etc, the risks of significant claims are much less than while it is being flown so it is very reasonable to expect the insurer to reduce the charge for the grounded period. (Just as in the opposite situation, where you wanted to make a change to increase the financial risk level (set up a higher liability level, add a less-experienced pilot, undertake more hazardous operations) you would expect to have to make an additional payment for the additional cover.)
I've looked at clouds from both sides now ...