Golf course flood program offered

Rough Notes, Jan 1999

Givens & Williams, a Virginiabased program administrator, introduced a flood insurance program for golf courses in all states. The program, underwritten by Lloyd's, can be written for most coastal courses-as well as inland or mountain courses. Only four counties in Florida are excluded: Dade, Broward, Palm Beach and Monroe.

Golf course property limits are offered up to $1 million, which includes a sub-limit of $50,000 per any one hole and a $100,000 sublimit for debris removal expense. A $25,000 deductible per occurrence applies.

Golf course property includes tees, greens, fairways and rough, hazards, cart paths, in-ground sprinkler systems, bridges, levees, trees and shrubs, driving ranges and areas between holes, excluding areas out of bounds. Coverage for loss of greens fees and cart rental fees is available up to $50,000 per month with a $300,000 aggregate limit.

Premiums range from $2,000 to $15,000, and are based on the golf course's flood zone. Those courses which have had flood losses are considered on a case-by-case basis. Underwriters initially will write no more than five courses per any one county or parish.

Givens & Williams administers the program and handles claims through a network of golf course adjusters and architects. Commissions start at 5% and increase based on premium volume. Givens & Williams expects to have association sponsorship in place by early in the year.

For more information call Givens & Williams in Fairfax, Virginia at: (800) 320-9006.