Euro Insurance
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Join Date: Mar 2005
Location: UK
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Compulsary Euro Insurance
Hey Ho,
more Eurocrap hit the doormat this morning.
according to my insurers my third party liability requirement has been set a million quid more than I already have which equates to a premium hike of about £300 per year. this is because Our great and glorious regulators have signed up with Europe which sets rates according to aircraft weight from 30th April 2005.
What a waste of money.
cheers guys, i wouldnt mind being regulated by Europe if the CAA regulated itself out of existance.
more Eurocrap hit the doormat this morning.
according to my insurers my third party liability requirement has been set a million quid more than I already have which equates to a premium hike of about £300 per year. this is because Our great and glorious regulators have signed up with Europe which sets rates according to aircraft weight from 30th April 2005.
What a waste of money.
cheers guys, i wouldnt mind being regulated by Europe if the CAA regulated itself out of existance.
Last edited by Jack Plug; 29th Apr 2005 at 13:38.
Join Date: Nov 2001
Location: Alderney or Lancashire UK
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I got one of these saying I required £3million cover. After checking with AOPA magazine I actually need to be legal, a minimum of £1.2 million for third party plus £80k per passenger giving a total of £1.36 million. They recommend higher levels for passengers but that should be up to the owner. I wonder if the insurers are cashing in on this?
I don't yet know how this affects my premium.
The regulation is written in insurance speak and uses SDRs (special drawing rights) as currency. 1 SDR=80p.
If anyone is interested I could post a table which shows how to work it out.
By the way. If anyone doesn't know, 3rd party insurance is MANDATORY BY LAW from 30th April in the UK.
I don't yet know how this affects my premium.
The regulation is written in insurance speak and uses SDRs (special drawing rights) as currency. 1 SDR=80p.
If anyone is interested I could post a table which shows how to work it out.
By the way. If anyone doesn't know, 3rd party insurance is MANDATORY BY LAW from 30th April in the UK.
