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Property Program - The Property Program is an optional program providing “all-risk” coverage for real and personal property of the city and includes some coverage for property of others while in the custody of the city. In most cases, the coverage provides replacement cost valuations, i.e. cost of replacement without reduction for depreciation.
The Property Program includes both pooled and purchased coverage. A member city can participate in the pool and select a $1,000, $5,000, or $10,000 deductible. Member cities that want a higher deductible can attach directly to the purchased coverage which has a $25,000 deductible. Below is a graph showing the various layers of coverage.
Once a city has paid six years of premiums into the pooled program, no additional premium is charged for the pooled portion of the coverage.
POOLED PROPERTY PROGRAM
LIMITS OF COVERAGE |
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POOLED EXCESS
$1,000,000,000 PER OCCURRENCE EXCESS OF $25,000 WITH 100% REINSURANCE PURCHASED THROUGH PUBLIC ENTITY PROPERTY INSURANCE PROGRAM (PEPIP)
(some sublimits do apply)
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CSJVRMA POOLED COVERAGE
EXCESS OF CITY'S DEDUCTIBLE UP TO $25,000
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OPTIONAL CITY DEDUCTIBLES
($1,000; $5,000; OR $10,000) |
Also included with the Property Program is coverage for boiler & machinery which provides coverage for objects (i.e., boilers and pressure vessels, turbine engines, blowers and fans, production machinery, utility owned equipment, miscellaneous electrical apparatus) against sudden and accidental breakdown of an object or part of an object. The breakdown must manifest itself by physical damage to the object that necessitates repair or replacement. This coverage is purchased and has a $2,500 deductible with some exceptions as noted below.
BOILER & MACHINERY
LIMITS OF COVERAGE |
PURCHASED COVERAGE
(Purchased through CNA)
$100,000,000 COMBINED SINGLE LIMIT
(some sublimits do apply)
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CITY DEDUCTIBLE
$2,500 EXCEPT AS FOLLOWS:
- $50,000 all objects over 350 HP, 2,500 KW/KVA/AMPS or boilers over 10,000 square feet heating surface
- $100,000 objects over 500 HP, 5,000 KW/KVA/AMPS or boilers over 25,000 square feet heating surface
- $250,000 all objects over 750 HP, 10,000 KW/KVA/AMPS, or boilers over 75,000 square feet heating surface
- $350,000 all objects over 25,000 HP, 25,000 KW/KVA/AMPS, or boilers over 250,000 square feet heating surface
- $10 per foot / $2,500 minimum deep water wells
- 5 x 100% of Daily Value - Business Interruption - All Objects over 750 HP or 10,000 KW/KVA/AMPS OR 10,000 square feet heating surface
- 5 x 100% of Daily Value - Business Interruption - All Objects at over 750 HP or 10,000 KW/KVA/AMPS or 10,000 square feet heating surface
- 5 x 100% of Daily Value - All Waste Water Water Treatment Facilities and All Utilities
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Auto Physical Damage Program - The Auto Physical Damage Program provides repair or replacement coverage for city owned vehicles with replacement values over $25,000. The Auto Physical Damage Program includes both pooled and purchased coverage. A member city can participate in the pool and select a $500 deductible or attach directly to the purchased excess insurance with a $10,000 deductible. Below is a graph showing the various layers of coverage. This is an optional program of the CSJVRMA.
Once a city has paid four years of premiums into the pooled program, no additional premium is charged for the pooled portion of the coverage.
AUTO PHYSICAL DAMAGE PROGRAM
LIMITS OF COVERAGE |
POOLED EXCESS
$1,000,000,000 PER OCCURRENCE EXCESS OF $10,000 WITH 100% REINSURANCE PURCHASED THROUGH PUBLIC ENTITY PROPERTY INSURANCE PROGRAM (PEPIP)
(some sublimits do apply) |
CSJVRMA POOLED COVERAGE
$9,500 EXCESS OF CITY’S
$500 DEDUCTIBLE |
CITY DEDUCTIBLE
($500) |
Low Value Vehicle Coverage Program - The Low Value Vehicle Coverage Program is an optional program of the CSJVRMA. It provides repair or actual cash value coverage for participating member cities’ vehicles valued at less than $25,000. This Program is a non-equity pooled program and has a $500 deductible. A participating member city is required to include its entire fleet of vehicles (unless separately declared under the Auto Physical Damage Program).
Once a city has paid four years of premiums into this program, no additional premium is charged for this coverage.
LOW VALUE VEHICLE COVERAGE PROGRAM
LIMITS OF COVERAGE |
CSJVRMA POOLED COVERAGE
$24,500 EXCESS OF CITY’S
$500 DEDUCTIBLE |
CITY DEDUCTIBLE
($500) |
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