NationAir/LOBO Collaboration Pays Dividends

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Chesterfield, MO- AIG is now offering expanded coverage and discounted deductibles to LOBO members who are claim-free and have completed annual training using LOBO’s FAA Industry Training Standards (FITS) approved syllabus. This follows years of collaborative effort between NationAir and the Lancair Owners and Builders Organization (LOBO), and is due in part to the continuing strong safety record of LOBO members. These newly expanded coverages and discounts are effective immediately to new clients and to current clients at their next renewal date.

Previously only available to other Lancair models, AIG will now issue additional coverage at no cost to owners of Lancair IV, IVP (except IVP turbine) and all Evolution aircraft. Coverages include:
Lancair IV & IVP (excluding the IV-P Turbine):
• Insured value now maxed at $400,000, up from $300,000
• Not in Motion and In-Motion deductibles have been reduced to 5 percent of the insured value, from 10 percent of the insured value
• Coverage for headsets and hand held avionics, up to $1,000
• Coverage for personal effects (baggage) liability, up to $5,000
• Search and Rescue coverage added, up to $10,000 (This is additional coverage to allow for further searching if authorities call it off)
• Airport emergency expense coverage, including runway foaming, added up to $10,000
• Premises liability coverage
• Precautionary Landing Expense coverage for off-airport landing with no damage to aircraft is now included – all reasonable costs to move to nearest airport up to $15,000
Evolution:
• Deductibles are now $1,000 for Not in Motion and 1 percent of insured value for In-Motion, reduced from 2.5 percent of insured value)
• Coverage for headsets and hand held avionics, up to $1,000
• Coverage for personal effects (baggage) liability, up to $2,500
• Search and Rescue coverage added up to $10,000 (This is additional coverage to allow for further searching if authorities call it off)
• Airport Emergency Expense Coverage, including runway foaming, up to $10,000
• Premises Liability coverage
• Precautionary Landing Expense coverage for off airport landing with no damage to aircraft is now included – all reasonable costs to move to nearest airport up to 5% of the insured value

If you are a current NationAir/AIG client with a policy on a Lancair IV, IVP (except for IVP Turbine) or Evolution the coverage listed above will automatically be added at renewal. If you have an AIG policy through another broker, we suggest you make sure they are aware of this change at your next renewal.
NationAir is one of the oldest and largest aviation insurance brokers in the country. Our customers benefit from the outstanding relationships we’ve developed over decades with all of the nation’s top aviation insurance underwriters. This successful collaboration with LOBO illustrates the kind of personalized service NationAir customers have come to expect. For more information about NationAir and LOBO see http://lightaircraft.nationair.com/insurance-services/specialty-programs/lancair-lobo-aircraft-insurance/

Source: NationAir  http://www.trade-a-plane.com/company-search?id=74248

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