You are here: Home > Coverage Details > Competitive Comparison

Competitive Comparison

We all know that there is more to selecting coverage for your district than just the price. That’s why PACE has designed its program to offer the most comprehensive coverage available anywhere. We have coverage offerings no one else has because we know the history of Oregon’s schools and the types of exposures they face on a daily basis. Because PACE is owned by its members, we also understand that it’s important to purchase high enough reinsurance limits to make sure members are covered in the event of a catastrophe. Below you will see highlights of what distinguishes PACE from other insurance providers.

Highlights

Coverage	PACE	OTHER
Employment Practices and Wrongful Acts	Occurrence Coverage – (coverage provided for claims that happen during the term of the policy, regardless of when they are reported – even decades later)	Claims Made Coverage – (coverage only provided if a claim is made during the term of the policy year. If reported after the end of the year then no coverage.)

Extended Reporting Period	Occurrence Coverage – No Need	Needed if you ever leave the program. 24 months coverage maximum. Premium is 125% of the premium for the last annual period

Defense Costs	Outside the Policy Limits	Inside the Policy Limits

Earthquake and Flood Pool Limit	$300,000,000 All Members	$25,000,000 All Members

Flood Zone A and V Pool Limit (Tsunami and Flood Plain Exposure)	$150,000,000 All Members	$10,000,000 All Members

Employment Practices and Wrongful Acts Annual Aggregate Limit Per Member	$10,000,000	$5,000,000

Pool Limit for Sexual Molestation and Abuse Claims	Unlimited	$10,000,000 Annual aggregate all members

Employment Practices and Wrongful Acts

Coverage	PACE	OTHER
Excess/Reinsurance Carrier	Genesis	Other

Excess/Reinsurance Carrier AM Best's Rating	A++	Other

Coverage Period	Occurrence	Claims Made

Extended Reporting Period	Occurrence Coverage – No Need	24 months maximum – Premium is 125% of the premium for the last annual period

Defense Costs	Outside Limits	Inside Limits

Per Member Annual Aggregate Limit	$10,000,000	$5,000,000

Deductible	$0 - if PACE or qualified legal counsel is consulted prior to employment terminations.	$1,000

Terrorism	$500,000 per occurrence and annual aggregate	None

Breach of Employment Contract Defense	$50,000 per occurrence/$50,000 annual aggregate	None

Bureau of Labor and Industries Defense	$50,000 per occurrence/$50,000 annual aggregate	None

Occupational Safety and Health Act Violation Defense	$5,000 per occurrence/$5,000 annual aggregate	None

Fair Dismissal Hearing Defense	$50,000 per occurrence/$50,000 annual aggregate	None

Oregon Teachers Standards and Practices Defense (complaint must be filed by other than Participant)	$25,000 per occurrence/$50,000 annual aggregate	None

General Liability

Coverage	PACE	OTHER
Excess/Reinsurance Carrier	Genesis	Other

Excess/Reinsurance Carrier AM Best's Rating	A++	Other

Deductible	$0 - Options available for a lower rate	$1,000

Certified Acts of Terrorism	$500,000 per occurrence and annual aggregate	None

Pollution Third Party Liability	$100,000 per occurrence and annual aggregate	None

Government Standards and Practices Commission Ethics Complaint Defense	$25,000 per occurrence/$25,000 annual aggregate	None

Individuals with Disabilities Education Act (IDEA) Hearing Defense	$100,000 per occurrence/$50,000 annual aggregate	None

Mold and Mildew Defense	$25,000 per occurrence and annual aggregate	None

Property

Coverage	PACE	OTHER
Excess/Reinsurance Carrier	Lexington	Other

Excess/Reinsurance Carrier AM Best's Rating	A++	Other

Earthquake Member Limit	$5,000,000 per occurrence and annual aggregate	$5,000,000 per occurrence and annual aggregate

Earthquake Pool Limit	$300,000,000 all members	$25,000,000 all members

Earthquake Deductible	5% of the values, subject to a $25,000 minimum and $100,000 maximum	2% of the values, subject to a $100,000 minimum

Flood Member Limit	$5,000,000 per occurrence and annual aggregate	$5,000,000 per occurrence and annual aggregate

Flood Pool Limit	$300,000,000 all members	$25,000,000 all members

Flood Zone A & V Per Member Limit (important for districts with Tsunami and flood plain exposure)	$5,000,000	$1,000,000

Flood Zone A & V Pool Limit (important for districts with Tsunami and flood plain exposure)	$150,000,000 all members	$10,000,000 all members

All Risk Limit, Except Earthquake and Flood	$100,000,000 per occurrence maximum - blanket limit	$75,000,000 per occurrence maximum - blanket limit

Boiler and Machinery Limit	$25,000,000 per occurrence	$10,000,000 per occurrence

Business Interruption and Extra Expense	$5,000,000 Business Interruption/$5,000,000 Extra Expense	$2,500,000 Combined Business Interruption and Extra Expense

Mold as a result of a covered cause of loss	$250,000 per occurrence	None

Automobile Physical Damage

Coverage	PACE	OTHER
Deductible	$100/$500 - higher options available	$1,000

Valuation of Buses	Replacement cost for buses 10 years or newer - Functional Replacement for older vehicles	Replacement cost for buses

Valuation of other vehicles	Replacement cost for vehicles 6 years or newer - Functional Replacement for older vehicles	Actual Cash Value

Hired/Borrowed Auto Physical Damage	Optional	None

Volunteer's/Employees personal auto deductible reimbursement	Coverage	None

Theft coverage extension	$30 per day/$1,000 maximum for theft of private passenger vehicle - no waiting period	None

Towing and Labor from a covered Comprehensive or Collision loss	Included - 200 mile limit	None

This coverage comparison is a basic summary only and does not replace any actual coverage language. Some other terms, conditions, limits and exclusions apply as described in the respective actual coverage documents/insurance policies. The information presented herein is based on an understanding from published information sources. You should check with your insurance agent and legal counsel to examine all coverage documents or insurance policies.