September 6, 2002

 

 

INSURANCE INFORMATION NOTICE NO. 2003-2

 

SUBJECT: PROPOSAL OF NEW DEDUCTIBLES FOR PROPERTY, AUTOMOBILE PHYSICAL DAMAGE, AVIATION HULL, WET MARINE HULL, BOND, CRIME, AND BRIDGE PROPERTY INSURANCE COVERAGES

Effective November 1, 2002, the Office of Risk Management (ORM) will endorse our present policies to increase the deductibles for the following lines of coverages. This change only affects the coverages listed:

 

 

LINE OF COVERAGE

PRESENT DEDUCTIBLE

PER OCCURRENCE

NEW DEDUCTIBLE

PER OCCURRENCE

Aviation Hull

$250

$1,000

Wet Marine Hull

$250

$1,000

Bridge Property

- 0 -

$1,000

Bonds (Excludes Postal Bonds)

$250

$1,000

Crime

$250

$1,000

Automobile Physical Damage-Comprehensive

$100

$1,000

Automobile Physical Damage-Collision

$300

$1,000

Property Building

$250*

$1,000

Property Movable Property

$250

$1,000

 

* Deductible only applied when the loss was due to malicious mischief or vandalism. The new deductible applies to all building property losses.

 

Any claims occurring after November 1, 2002 will be adjusted using the new deductibles. ORM still should receive all claims so that the claims history can be kept current. If you have any questions concerning the above, please call Melissa Harris at (225) 342-8414 or Diana Darbonne at (225) 342-8471.