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For those unaware, AIG is dropping ALL renewals for IV-Ps and Legacies in 2009. I got my notice Friday and if you have not received yours yet, you will. I called AIG and asked what the situation was and was told All IV-P and Legacy owners will be dropped and will need to re-apply. In January AIG will define requirements for underwriting, so all is not bleak. I took from my conversation that Lancairs will be covered, but coverage premiums will increase significantly and a training/re-currency will be required, on top of total hours in type. I mentioned I was HPAT qualified and had a re-currency on top of 300 hours in type and he assured me I would be OK.
They mentioned nothing about inspections.
So, that's straight from AIG and all they are divulging at this time.
Don
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