2020 on road with vertical yellow line

2020 Property and Liability Renewal Details

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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:
    1. New or updated exposures such as operating expenses, values of scheduled items, added property, number of vehicles, number of employees, or payroll changes
    2. Change in individual member loss experience over an eight-year period
    3. 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.

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