Property Coverages

MOPERM offers Real and Personal Property, Boiler and Machinery, and Fidelity and Crime coverages. These coverage lines are offered to eligible Missouri public entities exclusively through licensed and duly contracted independent insurance agents.

The MOPERM Board of Trustees is proud to announce that in accordance with its strategic plan, administration of the MOPERM PROPERTY PROGRAM will be managed by the main office in Jefferson City beginning July 1, 2008. For Property assistance call 888-566-7376 Extension 123 or send mail to PO Box 7110, Jefferson City, Missouri 65102.

The carrier providing coverage is Allianz Global Company (A.M. Best A+ Admitted) and MOPERM's Self-Insured Retention (SIR) is $50,000 per occurrence. All limits shown below are per occurrence for all Fund members combined.

Property Limit (Building, Contents, Mobile Equipment)	$200,000,000
Earth Movement(including High Hazard)	$50,000,000
High Hazard Flood	$50,000,000
Moderate Hazard Flood	$25,000,000
100 Year Flood	$5,000,000
Extra Expense	$10,000,000
EDP Media/Equipment	$15,000,000
Valuable Papers & Records	$10,000,000
Bldg Ordinance including Demolition	$5,000,000
Pollutant Clean-up & Removal	$100,000
Debris Removal	$5,000,000
Fine Arts	$5,000,000
Transit	$1,000,000
Builder's Risk	$500,000

The coverage will use a 115% Margin Clause instead of a co-insurance requirement. In the event of a total loss, coverage would pay up to 115% of the reported value. Property will be on a Repair and Replace basis.

Minimum deductible required on property is $500 (ancillary lines such as earth movement and mobile equipment may have different minimum requirements). Deductible options offered are:

• $1,000
• $2,500
• $5,000
• $10,000
• $25,000
• $50,000

Boiler and Machinery

Limit is $50,000,000 and includes all jurisdictional inspections. The carrier providing coverage is Zurich North American Insurance Company (A.M. Best A-XV Admitted) and MOPERM’s SIR is $10,000 per occurrence. All limits shown below are per occurrence for all members combined.

Property Damage	$50,000,000
Business Income/Extra Expense	$2,500,000
Utility Interruption (24-hour wait period)	$2,000,000
Water Damage	$1,000,000
Ordinance or Law	$5,000,000

Fidelity and Crime

Provided by Travelers Insurance Company (A.M. Best A++XV Admitted) and MOPERM’s SIR is $5,000 per occurrence. Limits shown below are per occurrence for all members combined.

Employee Dishonesty Faithful Performance	$50,000
Forgery and Alteration	$50,000
Money and Securities	$50,000
Computer Fraud	$50,000

A Fidelity and Crime Endorsement is also available under the Property Coverage Document. The limits are $5,000 for each of the coverages provided, with $500 deductible. A flat charge applies up to 250 employees.

Property Application Schedules and Submission Requirements

1. Property lines of coverage are only available to entities through a licensed and duly contracted Missouri independent insurance agent.
   
   
2. MOPERM will accept an ACORD application and the MOPERM Statement of Values for property and boiler & machinery. Construction, Occupancy Protection and Age will be required information on the Statement of Values. Valuable Papers and Fine Arts must be scheduled for coverage to apply. For a Fidelity and Crime quote, MOPERM will require an ACORD Crime Application.
   
   
3. The first received and most complete application will be quoted.
   
   
4. Supplemental documentation that must be received with the application in order to consider a property submission complete includes 5 years currently valued company loss runs for all property lines to be quoted. For a Crime quote MOPERM will have to know the number of employees.

For downloadable Equipment Schedules and corresponding Property forms, click on Forms and select from the list.