Westport GAA

Fw: Property Insurance 2012 changes to policy excess

—– Original Message —– From: Sinead Quinn To: Antrim Secretary ; Armagh Secretary ; Carlow Secretary ; Cavan Secretary ; Clare Secretary ; Cork Secretary ; Derry Secretary ; Donegal Secretary ; Down Secretary ; Dublin Secretary ; Fermanagh Secretary ; Galway Secretary ; Kerry Secretary ; Kildare Secretary ; Kilkenny Secretary ; Laois Secretary ; Leitrim Secretary ; Limerick Secretary ; Longford Secretary ; Louth Secretary ; Mayo Secretary ; Meath Secretary ; Monaghan Secretary ; Offaly Secretary ; Roscommon Secretary ; Sligo Secretary ; Tipperary Secretary ; Tyrone Secretary ; Waterford Secretary ; Westmeath Secretary ; Wexford Secretary ; Wicklow Secretary ; Antrim Treasurer ; Armagh Treasurer ; Carlow Treasurer ; Cavan Treasurer ; Clare Treasurer ; Cork Treasurer ; Derry Treasurer ; Donegal Treasurer ; Down Treasurer ; Dublin Treasurer ; Fermanagh Treasurer ; Galway Treasurer ; Kerry Treasurer ; Kildare Treasurer ; Kilkenny Treasurer ; Laois Treasurer ; Leitrim Treasurer ; Limerick Treasurer ; Longford Treasurer ; Louth Treasurer ; Mayo Treasurer ; Meath Treasurer ; Monaghan Treasurer ; Offaly Treasurer ; Roscommon Treasurer ; Sligo Treasurer ; Tipperary Treasurer ; Tyrone Treasurer ; Waterford Treasurer ; Westmeath Treasurer ; Wexford Treasurer ; Wicklow Treasurer Sent: Wednesday, February 15, 2012 11:29 AM Subject: Property Insurance 2012 changes to policy excess
A chara,
Please can you forward to all units.
The GAA Property insurance has performed poorly over the past 2 years where losses paid by Insurers are in excess of €4million against a premium paid of €2million. Against this background renewal was extremely difficult to secure this year without premium increase and increase in policy excess.
The majority of losses over the past 2 years arose from burst pipes/escape of water with many units failing to take adequate precautions to protect their property during adverse weather and/or periods of unoccupancy such as the closed winter season.
The excess in respect of losses arising from burst pipes/escape of water has increased as follows;
Excess for first burst pipes/escape of water loss is increased from €4,000 to €15,000 Excess for units who have had a burst pipe/escape of water claim since Jan 2010 is increased from €4,000 to €25,000
In recognition of the hardship this increase in excess will place on clubs and affiliated units Central Council has made funding available for units who suffer a first loss to offset the increase in excess. Where an affiliated unit puts in the place insurers recommended freeze prevention guidelines and/or best practice weather risk management procedure as attached and can produce evidence to document these controls were put in place Central Council will fund €11,000 towards the increased excess in respect of burst pipes / escape of water and the excess to the club will remain at €4000.
Units who do not take precautions to protect their properties will incur the increased excess of €15,000.
The excess in respect of all other losses remains unchanged at €4,000 all losses increased to €25,000 in respect of flood losses.
If you have any queries on this please do not hesitate to contact me,
Kind regards,
Sinéad