May 1, 2009
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MASB-SEG Property/Casualty Pool announces one more reason to join

""Now there’s one more reason to join the MASB-SEG Property/Casualty Pool. As a benefit of membership, school districts can participate in the Pool’s new free Property Valuation Program.

About the program
The Pool’s Board of Directors recently authorized a partnership with CBIZ Valuation Group. CBIZ will appraise the value of all members’ buildings and contents, and provide them with a comprehensive report of its findings. The Pool and CBIZ have also negotiated an agreement that allows members to upgrade their property valuation to meet the financial requirements of GASB-34 at a 15 percent discount from the standard CBIZ rates.

Program benefits
Why is it important to know your total property value?
The information included in the comprehensive report will:

  • Help ensure you’re properly covered in case of a catastrophic loss;
  • Help you with facility upgrade planning and verifying your insured values;
  • Allow the Pool to provide detailed information to its reinsurers, and enable us to reduce our reinsurance costs; and
  • Help the Pool maintain premium stability.

Other benefits of membership
What other benefits of membership does the Pool provide?

  • Access to free employee training through SafeSchools, the nation’s leading provider of comprehensive safety and compliance training courses;
  • Comprehensive risk coverage designed specifically for school districts; and
  • The potential to share in annual surplus returns. The Pool has returned more than $91 million since its inception.

For information on the non-profit, member-owned and -operated Pool or to request a quote, contact your SET SEG Account Executive today.

1-800-292-5421
SET SEG

Michigan Association of School AdministratorsMASA
1001 Centennial Way, Ste 300
Lansing, MI 48917
www.gomasa.org | Contact us