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Hagan Benefits: Governmental Pools: SDPAA Products
The buying power of members pooling their resources enables underwriters to keep rates fairly stable. This also assists members in budgeting, as they know that rates historically have not had significant, if any, increases. Other advantages of pooling include:
- Better coverage, specialized for and geared to exposures faced by governmental entities.
- Stability, since pooling is not subject to the market whims of the standard insurance market.
- No taxes or fees.
- Profits belong to members of the Pool.
- Members are able to participate in claims handling.
- Flexibility of coverage forms.
- Emphasis on Loss Control, including on-site surveys and Safety Committee Set-up.
- Training and Education, including Defensive Driving Courses by certified instructor.
- Video Library.
- Funds are invested in the State of South Dakota, rather than going to an insurance company's operations and stockholders.
- For more details on Loss Control, see RSSD.
SDPAA coverage available to members:
- General Liability
- Automobile Liability
- Automobile Physical Damage
- Public Officials Liability
- Law Enforcement Liability
- Property, Inland Marine, Boiler & Machinery, Crime coverage
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