Public Entity Property Insurance Program

Public Entity > Programs > Public Entity Property Insurance Program (PEPIP)

Public Entity Property Insurance Program (PEPIP)

The Public Entity Property Insurance Program (PEPIP) is the leading element of the Alliant Property Insurance Program (APIP), the largest single property insurance placement in the world. Formed by Alliant Insurance Services in 1993 to meet the unique property insurance needs faced by public entities, PEPIP has grown from 65 members in one state and $600 million in total insurable values (TIV) to more than 8,700 members in 45 states and more than $350 billion in TIV.

The program’s tremendous growth is a result of highly competitive terms, comprehensive coverage, and, most importantly, working closely with members to get claims paid in a timely manner.

In recent years, one of the primary marketing focuses of PEPIP has been groups of public entities that jointly purchase their insurance. These “pools,” or joint powers authorities (JPAs), have found that PEPIP coverage is significantly broader and substantially less expensive than similar placements offered by competitors.

PEPIP Features

Broad insuring agreement
Coverage does not have to be limited to a schedule; rather the policy can provide coverage for all property of every description of an insurable nature—both real and personal—of the insured. Coverage also includes property of others in the care, custody, or control of the insured for which the insured is liable or under obligation to keep insured wherever located in the United States.
Replacement cost for physical damage, including comprehensive and collision damage as an option for automobiles
Automatic acquisition of new locations, which allows entities to grow without having to wait for underwriting approval
Blanket fine arts coverage (if scheduled)
Municipal bond and tax revenue interruption coverage
Course of construction coverage, including delay in start-up
Property appraisals for all locations over $5 million
Boiler and machinery are included in the program
Access to Alliant’s OASYS-Net proprietary software system

Program Structure

PEPIP subscribers are an experienced group of highly qualified worldwide insurers and reinsurers. The program offers coverage per occurrence limits up to $1 billion.

Because of its large size, PEPIP offers members the best available pricing and access to large earthquake, flood, wind, and hail limits with a carefully detailed spread of risk. In addition, PEPIP members are able to leverage the markets to obtain the best possible pricing and coverage terms.

For more information, contact:

Thomas Bryson

(805) 777-4763

The Specialty Leader Since 1925

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