Aircraft Insurance: Can I earn No Claims Discount on my aircraft policy?
We operate a system which is very similar to how No Claims Discount works on motor insurance. A new policyholder who has never had insurance would start with 0% NCD allowance, although they may, depending on their claims history, be given an introductory allowance of up to 10%.
So long as there is no applicable claim in each subsequent year, their NCD allowance will increment to a maximum of 20% after 3 years.
If a new policyholder joins us who has held an aircraft insurance policy elsewhere and has been claims free, then we would put them on the level of the NCD scale that they would have been on if they had been insured with us over the period. For example, a policyholder who held a claim free policy for 3 years would get a 15% discount.
For information on how to create a quote and take out a policy, please click here.