Insurance Fees/Deductibles
An insurance deductible, is the amount that the association is required to pay before insurance kicks in with their share of an insured loss. Across the Scouts Queensland insurance portfolio there are variety of different deductibles. For example:
Under the Industrial Special Risk (Property/Equipment) Policy the standard deductable is $5,000. This means that Scouts Queensland will always pay the first $5,000 on any claim against this policy.
Under the same policy, damage related to a named cyclone or known flood event, the deductable is $25,000. This means that Scouts Queensland will always pay the first $25,000 on any claim for loss that involved a named cyclone or known flood event.
IMPORTANT: Under the Scouts Queensland Insurance scheme, the deductable is a Scouts Queensland expense. Individual formations are not required to pay the deductable amount
When making a claim against any policy, the only amount payable by Groups or Formations is a Branch administration fee of $500. It is recommended that Groups or Formations put aside sufficient funds to cover any Branch administration fee that may be incurred.
This document is meant to provide a summary of information related to the Scouts Queensland Insurance program, for more detail information please read The Queensland Branch Scouting Instructions (QBSI) Section 5.6 Insurance or email risk@scoutsqld.com.au
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