OMAG staff has worked hard over the last few years to ensure that our members have adequate property coverage. We utilize in-house appraisal software for buildings and have an ongoing appraisal partnership with HCA for professional appraisals on plants and buildings.
Over the last couple of years, we have seen an increase in pump station claims typically due to lightning. While lightning is the most prevalent peril, pump stations can be susceptible to flood, wind, and ice. We understand that if a pump station sustains a loss, it can have a significant impact on the city. This is why it is so important to make sure you have adequate coverage.
First thing you want to do is look at your most recent OMAG property schedule and make sure that all your pump stations are covered. Next, you want to make sure that there is adequate coverage for each pump station. After reviewing your schedule, if you notice any pump stations that are not scheduled or ones that appear to be underinsured, please contact the OMAG Underwriting Department. We will make sure that your pump stations get added and limits are adequate as soon as you contact us.
We know that insurance is one of many things that our members have to keep track of so please let us help you. If you feel that an in-person visit is needed to discuss pump stations or any other coverages, please contact our Insurance Services Department. They have vast knowledge of our coverages and are more than happy to come visit with you!
