Coverages

Property Coverage

The Fund’s property program, which includes boiler and machinery and automobile physical damage as well as property, is broadly written to provide maximum protection to members. Examples include:

• All risk coverage to cover all perils not otherwise excluded,

• Blanket limit coverage basis which affords limits equal to combined values,

• Replacement cost basis to cover the cost of inflation and appreciation,

• No coinsurance penalty, and

• Automatic coverage for various types of loss including client property and property of others, newly acquired locations, and property under construction.

The Fund’s minimum property deductible option is $1,000.

Automobile physical damage coverage, which includes collision, comprehensive, and specified causes coverage, protects against damage to a member’s owned or leased vehicles. The standard deductible options for automobile physical damage are $500 and $1,000.