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 of the broad form 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 and either comprehensive and/or specified causes coverage, protects against damage to a center’s owned or leased vehicles. The standard deductible options for automobile physical damage are $500 and $1,000.