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All Lancair IV'ers - Call Washington and ask for a bailout! Say that
you are the reason AIG got theirs..........
Grayhawk
In a message dated 12/21/2008 4:48:02 P.M. Central Standard Time,
don@cellarideas.com writes:
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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