Many of our Municipal Property Plan members own and operate their own Water and Wastewater Treatment Plants. Operating these plants can present challenges in providing routine plant maintenance, meeting growing population needs, staying in compliance with regulatory requirements and upgrading their outdated structures and equipment. Many have provided these upgrades and many more will soon need to do so. These upgrades can certainly impact values and leave your municipality exposed. Backup generators, upgraded or added pumps, electric control panels and SCADA systems are exposed to lightning and power outages. Buildings, fencing and lighting are exposed to hail and high winds and vandalism.
OMAG completed an appraisal project on all plants in 2020 through our partnership with a professional appraisal service. This was a five-year project targeted at appraising all of our members’ Water and Waste Water Treatment Plants. These professional appraisals were provided as a value-added service at no charge to members. Our purpose in performing these appraisals is to be certain that you are provided an accurate replacement value for these structures and equipment.
If you have any questions regarding your plants’ coverage or our professional appraisals of your plants, please contact Underwriting Director Chris Webb.
