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