This year the Pool is able to offer rate changes between a 1% decrease and 3% increase, based on the claim performance of each district type.
- The hail surcharge for locations within the Front Range and East Slope Foothills will increase by 7%.
- A 14% surcharge will apply to the comprehensive portion of auto physical damage coverage for members located in the designated hail counties
- The Hail Deductible endorsement will now apply to all members with scheduled property. This is a 2% deductible based on the scheduled value of the damaged property at the time of the loss.
- The Cosmetic Damage Waiver endorsement for wind and hail will now apply to all members with scheduled property.
- Members may also see increases or decreases in annual contributions due to other changes such as:
- New or updated exposures such as operating expenses, values of scheduled items, added property, number of vehicles, number of employees, or payroll changes
- Change in individual member loss experience over an eight-year period
- Building values and contents values are trended for inflation – about 1% for 2020
The Pool offers many discounts, so plan ahead:
- 8% Multi-Program discount on the Property & Liability contribution when Workers’ Compensation is also with the Pool
- 33% discount on sanitation operations for participation in the Sanitation Maintenance Warranty Program
- 3% Continuity Credit for members that have been with the Pool since 2012. Credits are increased each year, up to a total of 20% for members with good claims experience
- Increasing deductibles – the average cost savings by coverage line is 10% to 25%
2020 P&L Renewal Timeline
- October 31 – All renewal updates should be submitted
- December 1 – Members that don’t complete renewal will automatically receive a 2020 invoice with a 10% increase above the prior year’s contributions to account for anticipated growth and inflation
Workers’ Compensation
If your Workers’ Compensation coverage is not with the Pool and you would like a proposal, email a copy of your current policy to wc@csdpool.org.