Q: How do I add or delete a vehicle/building/equipment to my policy?
Q: I've just purchased or leased a vehicle/building/equipment. The lender would like to be added as a loss payee or additional insured. What do I do?
Q: We are considering building/renovating our office. What steps do we need to take to make sure our contractors have adequate liability insurance?
Q: What is Builders Risk Coverage? Does our policy provide Builders Risk coverage for the construction of our new building?
Q: What is KALF's NAIC number?
Q: How do I add or delete a vehicle/building/equipment to my policy?
A: A vehicle/building/equipment can be easily added to or deleted from the policy by faxing the policy change form in to our office at 502-875-8240. No charge will be made for any changes to the policy unless the value of the addition/deletion is in excess of $100,000 in value.
Q: I've just purchased or leased a vehicle/building/equipment. The lender would like to be added as a loss payee or additional insured. What do I do?
A: This is a common request. First, fax the request from the lender to our office on the certificate of insurance request form. We will review the request to make sure our policy complies with the terms required by the lender. If ok, we will then fax a Certificate of Insurance to the lender or to your office, depending on how you prefer.
Q: We are considering building/renovating our office. What steps do we need to take to make sure our contractors have adequate liability insurance?
A: A number of factors go into selecting a contractor, one of which should be the ability of the contractor to provide insurance for the project. You should obtain a certificate of insurance naming you as an additional insured on the policy of the contractor. See the Use of Contractors page for further information. Please call to go over any questions you may have concerning this issue.
Q: What is Builders Risk Coverage? Does our policy provide Builders Risk coverage for the construction of our new building?
A: A Builders Risk policy provides property coverage for the construction of a new building. Coverage is included for loss to the building, foundation, materials, equipment, supplies and temporary structures within 1000 feet of the construction site. The policy also provides for Business Income, including Extra Expense losses that may also occur. Your policy provides automatic coverage for Builders Risk projects up to $1,000,000 in value. If the project is going to be in excess of the limit provided, you will be billed for the full amount of the project. A Builders Risk application (Builder's Risk Under $10 Million, Builder's Risk Over $10 Million) should be completed and faxed into KACo prior to the date of construction. It is important to note that renovations, improvements, alterations, repairs or additions to an existing location are not eligible for Builders Risk Coverage. To address this exposure, the policy provides coverage for up to $1,000,000 for Newly Acquired/Constructed Property. However, you should immediately report any such construction plans to KACo in order to properly insure the project. If the project exceeds $1,000,000 in value, billing will be immediate. If under $1,000,000, billing will be made upon completion of the project.
Q: What is KALF's NAIC number?
A: N/A - - KALF does not have an NAIC number. KALF is a self-insurance property and liability program organized by the county governments of Kentucky pursuant to KRS 65.210 through an Interlocal Cooperation Agreement.