VCSSFA's Property Program is a pooled program with all members sharing in the costs of claims. To this end, it is the expectation of the VCSSFA Board of Directors that each member will do its part to control its property exposures and losses to keep claims as low as possible.

This arrangement affords unique benefits to the Members of the VCSSFA. It permits the JPA to handle all of its First Party Claims, unless the Reinsurer elects to handle those which exceed the VCSSFA SIR. The Reinsurer is bound by the VCSSFA's interpretation and application of its coverage.

2020-21 Coverage Memorandum