South East Queensalnd Kiting Association
South East Queensland Kiting Association
AKSA insurance 2010/11
AKSA is about to announce wide
ranging changes to the insurance arrangements
we negotiate on behalf of all the state KSA's and it's members.
It has been a long known fact that the ridiculously low premium rates for
the level of insurance offered would last only as long as it took for some
significant claims to be injected into the formula. That day has arrived.
There have been a number of lesser claims successfully managed by the insurers and there
are at present three more in the system which may see payouts to injured
parties of between $100,000 and $200,000 (or more) per claim. We will
release details of these claims on the AKSA & State KSA websites once it is
appropriate to do so. In the meantime we are sure that the insured kiters
are pretty happy about their decision to protect their livelihood by paying
out the $65 annual subscription.
Despite a TENFOLD increase in premiums for this kiting season we have managed to maintain a
$65 subscription for the first 3 months of this membership year.
All new and re-enrolling members are offered a full 12 month membership and
insurance for the same, now well below cost, rate of $65.
BE WARNED - THIS OFFER WILL CLOSE ON THE 31ST DEC 2010
If you have not logged into the new national data base; operating off every
state KSA site; to join for this season OR if you have never joined but
would like up to $20M cover for just $65 this will be your last chance.
A 12mth membership - that's right the new system does offer full 12 mth
memberships from the date you join - will increase by more than 100%;
possibly up as much as 200% as of the 1st Jan 2011.
And: whilst it will be a huge jump in percentage terms; it still represents
very cheap insurance in comparison to any thing else we know of on the
market.
Consider that we now have event insurance up to $20M; 24/7 personal public
liability "including kiter-to-kiter" of $10M we would hope everyone will
recognise that the increase still makes for great value peace of mind.
More will be published once our final deliberations are made to set the 2011
rate; which will apply till the 30th June 2011; After that date we hope to
have another review in the light of a whole bank of new options open to us
for the subsequent years cover.
ranging changes to the insurance arrangements
we negotiate on behalf of all the state KSA's and it's members.
It has been a long known fact that the ridiculously low premium rates for
the level of insurance offered would last only as long as it took for some
significant claims to be injected into the formula. That day has arrived.
There have been a number of lesser claims successfully managed by the insurers and there
are at present three more in the system which may see payouts to injured
parties of between $100,000 and $200,000 (or more) per claim. We will
release details of these claims on the AKSA & State KSA websites once it is
appropriate to do so. In the meantime we are sure that the insured kiters
are pretty happy about their decision to protect their livelihood by paying
out the $65 annual subscription.
Despite a TENFOLD increase in premiums for this kiting season we have managed to maintain a
$65 subscription for the first 3 months of this membership year.
All new and re-enrolling members are offered a full 12 month membership and
insurance for the same, now well below cost, rate of $65.
BE WARNED - THIS OFFER WILL CLOSE ON THE 31ST DEC 2010
If you have not logged into the new national data base; operating off every
state KSA site; to join for this season OR if you have never joined but
would like up to $20M cover for just $65 this will be your last chance.
A 12mth membership - that's right the new system does offer full 12 mth
memberships from the date you join - will increase by more than 100%;
possibly up as much as 200% as of the 1st Jan 2011.
And: whilst it will be a huge jump in percentage terms; it still represents
very cheap insurance in comparison to any thing else we know of on the
market.
Consider that we now have event insurance up to $20M; 24/7 personal public
liability "including kiter-to-kiter" of $10M we would hope everyone will
recognise that the increase still makes for great value peace of mind.
More will be published once our final deliberations are made to set the 2011
rate; which will apply till the 30th June 2011; After that date we hope to
have another review in the light of a whole bank of new options open to us
for the subsequent years cover.
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