Programs » Property     Wednesday, December 13, 2017    
 Property Program

The MSIA Property Program was established to fund for the self-insured and excess coverage for Marin School district property. The program year runs from July 1 to June 30 of each year.  Excess insurance is provided by the Northern California Regional Liability Excess Fund (www.norcalrelief.org).

The Board has contracted with Bickmore for general administration and Keenan & Associates for third pary claims administration and safety and risk control services for the property program.

The MSIA's insurance coverages, deductibles, and self-insured retentions (SIR) are as follows for the Property Program:


Insurance Type Coverage
Deductible: $1,000
JPA SIR: $25,000
Excess Insurance Purchased: Up to the total value for all real and personal property declared. (Limited to $250,000,000 per occurrence)

A financial audit is conducted annually by an independent Certified Public Accountanct (CPA). An annual actuarial study is cunducted by an independent actuary to ensure appropriate rates and reserves

The third party claims administrator is audited bi-annually to ensure best practice in claims handling.

  
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