The Local Government Property Insurance Fund (LGPIF) has implemented a number of coverage changes to the property insurance coverage form. These changes include:
- Restrictions on Flood Coverage
- Restrictions on Surface Water Coverage
- Reduction in Ordinance and Law Coverage
- Addition of an Anti-Concurrent Causation Coverage Restriction
In addition to these coverage restrictions, we have been seeing large property rate increases. The combination of these changes now enables other insurance carriers to be price and coverage competitive.
For more information please contact knowledgebroker Scott Brookes.
