NARSVPD

Survey on Excess Liability Insurance

 

After a few reports of problems with filing claims, NARSVPD decided to survey our membership to see if these reports were universal.

Of the 62 RSVP Directors that responded to the survey:

  • 100% reported that they currently carry Excess Liability Insurance

  • 83% purchased insurance through CIMA

  • The other common carriers identified included The Hartford and State Insurance Reserves

  • The mean insurance premium was $1844.53

  • 39% of projects have filed a claim

  • 9.7% reported problems in filing a claim.

The most common concerns were:

  • Contacting CIMA was difficult

  • The Insurance Company requested the same forms multiple times

  • Once a claim was filed, the RSVP Director lacked knowledge on the status of the claim

  • There were a few reports of denied claims

 

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