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Old 4th Oct 2013, 15:50
  #34 (permalink)  
Bob Bevan
 
Join Date: Aug 2013
Location: Dorset
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Hi Echo,

Glad to hear you have got it sorted and that it has not cost that much more, although as you say, it does make you wonder why they did not offer CSL in the first instance.

To be honest though, they should not be ramping up the liability premium that much if you increase the level of liability cover. Liability risk does not increase in a linear fashion as the higher the limit the less likely that the insurer will have to pay out the the full amount of cover provided. For this reason increasing the limit from £3.5m to £7m (i.e. 100% increase in cover) should, depending on other rating factors, only result in an increase of about 40% in liability premium.

The mods (moderator that is, not skinheads on lambrettas ) will beat me up if I mention my online aircraft insurance service by name, but as Jodelman says, maybe a bit of shopping around come renewal might be in order!
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