Topic:   PROPERTY INSURANCE -                             Page 1 of 1

             ADMINISTRATION                                 Date Issued:    June 22, 1994

Section: LIABILITY/PROPERTY                        Date Revised: June 30, 2009

              INSURANCE PROGRAM

Number:  XXIII.5.

PURPOSE:

To establish a procedure for administration of the County’s property insurance program.

POLICY:

It is the policy of the County of Santa Cruz to purchase property insurance for its owned and leased properties and to aggressively pursue reimbursement of any property losses that may be covered under the terms of  the policy.

PROCEDURE:

1.         Risk Management is responsible for maintaining a property insurance

            program that adequately meets the needs of the County of Santa Cruz.

            Availability and affordability of specific types of coverages as well

            as loss exposure and experience will be considered when obtaining

            quotes and making recommendations to the Board of Supervisors for

            coverages.

2.         The Risk Manager and Liability/Property Program Manager will be the

            County representatives when negotiating with the property insurance

            companies and/or their representatives.

3.         In the event of a major loss (earthquake, flood, fire) a recovery

            team may be convened to assess the magnitude of the loss, neces-

            sary repairs, expenses, loss of revenue, re-building costs, etc. that

            may need to be justified to the insurance company prior to reim-

            bursement for losses incurred above applicable deductibles.

            Representatives from the insurance broker, insurance adjuster, County

            Administrative Office, General Services, appropriate department staff

            and Risk Management may make-up the recovery team.