Skip Nav
 

Improved excess savings for your customers

AIG Private Client Group recently announced improvements to premium reductions for clients who select an increased excess option for Buildings and Contents coverage. In addition, premium savings are also available to clients who wish to apply an excess to their Private Collections Insurance.

These improvements are the result of recent broker feedback and reward clients who do not make small claims by offering enhanced savings on their annual insurance spend.

The below table provides an indication as to the savings your client could be entitled to by shifting from a $1,000 excess to a higher excess level.

Client

Buildings SI ($)

Contents SI ($)

$1,000x

$1,500x

$2,000x

$2,500x

$5,000x

$10,000x

$20,000x

A

3M

300K

$0

-$181

-$360

-$539

-$835

-$1,418

-$2,272

B

5M

500K

$0

-$240

-$478

-$715

-$1,108

-$1,881

-$3,012

C

10M

1M

$0

-$436

-$870

-$1,302

-$2,015

-$3,422

-$5,480

D

20M

2M

$0

-$798

-$1,591

-$2,379

-$3,683

-$6,253

-$10,014

E

50M

5M

$0

-$1,981

-$3,951

-$5,909

-$9,148

-$15,530

-$24,867

Examples are for illustrative purposes only and actual premium savings will be based on underwriting criteria being met for specific risks.

 

We believe this will not only provide our clients with more flexibility to manage their annual insurance expenditure but also give our broker partners a greater degree of pricing flexibility and competitiveness. Improvements to our excess savings are effective immediately and we encourage you to discuss these with your Private Client Group Underwriter:

Charl Bouwer         02 9240 1797    
Matthew Jones       02 9240 1785
Louise Middleton    02 9240 1845

AIG Private Client Group looks forward to providing your clients with market- leading insurance cover from the moment their policy starts, as well as exceptional levels of service from our qualified risk management and claims specialists.