[SoCalGirl]

Originally posted by JoinerLxa
I have seen random posts related to Liability Insurance, but
thought a new thread might help. It seems to be a MAJOR
topic at most chapters today.

I thought I might stimulate discussion on:

- WHY liability insurance is so high, and going higher? Disregard of National's rules and local laws.
- Do most colleges require frat/soror's to have it? IMHO any college that allows a social organization to operate without insurance is being negligent in their own right.
- How do local groups get it, if at all? No idea. I know there's a couple threads in the local forum about it. Since they're only insuring one chapter (fewer members) the overall liability is less. As well as they have less assests to protect so the coverage required would be less and therefore more affordable as a whole. Though per person average cost may still be prohibitive.
- What can be done to lower rates, or at least stop the rise Following National rules and local laws.

AND THE BIGGIE:
Could sky-rocketing insurance costs and sometimes "outrageous"
lawsuits, combined with sometimes "outrageous" behaviour
by members, PUT THE NATIONAL GREEK SYSTEM (at least
fraternities) OUT OF BUSINESS? HELL YES. Hence the major concern.

I know when our chapter alumni "complained" to HQ about
the recent spike in rates, making our chapter by far the
most expensive on campus, the reply, in so many words,
was: "We (HQ) can't do anything about it. Our choice is
to pay whatever the insurance company demands (having
shopped around for the best deal), OR DISBAND OUR
INTERNATIONAL FRATERNITY). Nationals do have a choice. Disband the chapters that are higher risk and save the ones that follow the rules. This will lower the cost of insurance overall.

K. Joiner
Lambda Chi Alpha, Georgetown College

What many people fail to recognize is that insurance policies are contracts with conditions.The conditions can include such things as a duty to obey all National rules and local laws. If the conditions are not met, the contract is void. That means NO COVERAGE. Which means it's back to being you, your parents, and the advisors ass in a sling!