Pool Members News

Property Coverage Documents Enhanced, Clarified

Effective July 1, the coverage documents for the Texas Association of Counties Risk Management Pool Property Coverage will implement several enhancements and clarifications for the coming year.

Among the changes taking effect July 1 are:

• Amendment to the deductible clause for Named Storm in Tier 1 Counties to remove the $1,000,000 minimum per occurrence shared deductible with other members. Instead, Tier 1 members will have a 2 percent deductible per building subject to a minimum $50,000 deductible per Named Storm;

• Clarification in the Insuring Agreement to indicate that ‘direct and accidental physical loss or damage’ is what is covered, removing the need for the definitions of ‘Loss’ and ‘Damage’;

• Addition of a sub-limit for Landscape Improvements;

• For scheduled property that becomes vacant, addition of an exclusion for specific perils (among them vandalism and water damage) for buildings vacant more than 90 days, but noting this will not apply if proper security and maintenance is provided, allowing these buildings to remain scheduled until its future is determined; and

• Clarification that losses resulting from poor or no maintenance are not covered.

The full coverage form will be sent to members with the July 1 renewal.

“These changes are made to provide counties with a more clearly defined property coverage form going forward,” said TAC Program Director Jim Jean
Officials or staff that have question are encouraged to contact Jean at jimj@county.org or Property Underwriter Teresa Beaman at teresab@county.org or (800) 456-5974.