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Group Purchase Power

SPIP leverages its combined size, along with market relationships developed through APIP, to deliver property damage coverage at a cost well below that available to individual entities.


Greater Stability

SPIP’s size and the fact that it has a low overall loss ratio has enabled it to maintain stable or declining rates over the past several years regardless of fluctuations in the general insurance market. Because SPIP is a group purchase program, there is no risk pooling and, therefore, no possibility of future assessments.


Property-Related Coverages Under a Single Contract

  • Business interruption
  • Extra expense
  • Expediting expense
  • Automobile physical damage
  • Automatic coverage for acquisitions of new property
  • Property in course of construction or remodel​