A principal benefit of membership in AUSPL is that AUSPL members can purchase insurance for their buildings through the AUSPL Insurance Program (the “Program”). Under the Program, AUSPL gives its members access to property, casualty and liability insurance coverage on favorable terms for their post office properties. For instance, the Program’s casualty insurance coverage is on a “replacement cost” basis, which means an owner whose building is destroyed can count on having sufficient insurance proceeds to rebuild the building for USPS occupancy. Moreover, coverage is available under the Program for stand-alone post office buildings without specialized underwriting. In addition to its convenience, the breadth of the Program means risk is spread in such a manner as to permit the Program’s underwriter to offer the Program’s extensive coverage for premiums that are uniquely affordable.
In addition to the primary AUSPL Insurance Program, AUSPL has also established a companion insurance program (called “Main Street”) for buildings owned by AUSPL members that are not eligible to be insured within the Program. That could be because the buildings in question are commercial properties other than post offices, or because they are post offices located in a strip center. Coverage under the Main Street insurance program has somewhat more extensive underwriting requirements and offers somewhat different coverage than the main AUSPL Insurance Program. But, through the Main Street insurance program, AUSPL is now able to offer its members the convenience of “one stop shopping” for insurance for all of their commercial property investments.
Please call 877-642-8775 for a quote or to obtain other information regarding the AUSPL insurance offerings.