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California Fair Services Authority (CFSA) administers the Pooled
Property Protection Program funded by the Division of Fairs and
Expositions. The program consists of a self-insured property pool
for the first $500,000 in all-risk property protection, the purchase
of excess property insurance policies with limits up to $750 million,
and boiler and machinery protection.
The program protects all fair buildings located at the District
Agricultural Association fairs (DAAs), the California State Fair
and Exposition, some county fairs and two citrus fruit fairs. Each
individual fair is responsible for a per loss deductible in the
range of $10,000 to $100,000 based on its fair classification. The
program can also provide protection for the business personal property
of individual fairs. Each fair pays the cost of this additional
protection.
The program provides:
- All-risk
protection for buildings - $750,000,000 per occurrence, subject
to a deductible based on fair classification.
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Flood protection for buildings not located in a designated flood
zone - $50,000,000 per occurrence/annual aggregate, subject to
a deductible based on fair classification.
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Flood protection for buildings located in a designated flood zone
- $500,000 per occurrence, subject to a deductible based on fair
classification.
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Acts of terrorism protection - $10,000,000 per occurrence, subject
to a deductible based on fair classification.
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Boiler and machinery protection for covered objects at fairs - $100,000,000
per occurrence, subject to a deductible of $2,500 per loss.
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Business personal property coverage - Limits selected by fairs,
subject to a deductible of $10,000 per loss.
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Valuation Basis - Actual replacement.
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Protected Values: Buildings at all covered fairs - $858,276,899
based on 2004 values; business personal property at 15 fairs
- $27,846,307.
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Earthquake Coverage - None.
If you have specific questions regarding the Pooled Property Protection
Program, please contact Charlie
Mitchell.
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