ACRE
Aircraft Insurance
AUD 5M
All States
No
- Aviation
- Homebuild and small batches of aircraft manufacturing
- Pilots working on restorations or rebuilds
Product Overview
ACRE by Agile Underwriting Services is built for people rebuilding or restoring aircraft, rather than just flying them. It focuses on kit planes, vintage aircraft and warbirds where the real value sits in the project work.
The policy centres on accidental damage to the aircraft during construction or restoration, before standard operational covers would usually respond. It can also add protection for spare parts in transit and for liability at the workshop premises.
About ACRE by Agile Underwriting Services
Cover on the factsheet runs to project values of up to $300,000, with premises liability limits up to $2m. The IB listing notes an overall maximum cover of AUD 5m across the programme.
Pricing is pitched for long projects, with premiums starting from $245 and excess options from $500. Cover starts with a quick online quote and bind journey, and claims can be lodged and tracked digitally.
For brokers, ACRE by Agile Underwriting Services sits on Agile’s Powered by Agile platform, so it plugs easily into existing workflows. Anyone who wants to talk through a specific rebuild can use the contact tools, like the ‘Contact Underwriter for Quote’ option, and product documents on this page to explore the fit.
ACRE by Agile Underwriting Services FAQs
How is the sum insured for an aircraft restoration project usually set under this product?
ACRE by Agile Underwriting Services shows the maximum cover level of AUD 5m for the product. Within that limit, the sum insured should reflect the planned project value for the rebuild. This keeps the cover aligned with the aircraft work expected under this Aircraft Insurance product.
Who is eligible to apply for ACRE by Agile Underwriting Services?
Eligibility focuses on people actively involved in building, rebuilding or restoring aircraft, rather than operators of finished aircraft. It can also apply while the project is stored between stages of the rebuild.
What types of aircraft projects can be covered under this policy?
The product is designed for projects involving kit planes, vintage aircraft and warbird restoration work. It also suits longer term aircraft rebuilds where the airframe is being progressively repaired, upgraded or rebuilt in a workshop.
What project stages can ACRE by Agile Underwriting Services cover during an aircraft rebuild?
Cover is intended for the active rebuild process, when the aircraft is under construction or restoration and most exposed to damage. That can include periods when the airframe is in pieces or stored during the rebuild, being worked on, or stored in a workshop between stages of the project.
Is premises liability cover under ACRE available for both commercial and private workshop locations?
ACRE by Agile Underwriting Services can include premises liability cover at the workshop where the restoration or rebuild work takes place. Brokers can discuss workshop details so the premises option is set correctly for the project.
How much does aircraft restoration insurance cost and what about excesses?
Premiums vary with project value, location and any optional sections such as premises cover. ACRE by Agile Underwriting Services pricing starts from $245 on the factsheet, the website notes cover from $330 per year, and policy excesses start from $500.
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