SCHOLARSHIP FOUNDATION INSURANCE OVERVIEW

NANPO endorses this special program of insurance specifically designed for a Scholarship Foundation. The program is available and administered nationwide by R.V. Nuccio & Associates Inc. and is also endorsed by the NABCA (North American Booster Club Assocation). Fireman’s Fund Insurance Company, one of our nations oldest and most respected insurance companies is the underwriter of the program. We have found R.V. Nuccio & Associates Inc. insurance coverage provided under this policy to be the best, broadest and least expensive insurance coverage currently available to Scholarship Foundations within the U.S.
This has been true since 1952.

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SCHOLARSHIP FOUNDATION COVERAGE OPTIONS
The following five coverage options are available:

• Liability Plus - $160.00
  Commercial General Liability insurance protection with limits of $1,000,000/$2,000,000 Per Occurrence/Annual Aggregate for each participating Scholarship Foundation. Please read the Coverage Summary for more details.
  
  Did you know that the Scholarship Foundation President, and all other officers and directors of the Scholarship Foundation can be personally and individually named, in a lawsuit placing their personal assets at risk (home, vehicles, savings, attachment of future wages and earnings of both individual and spouse)? Protect your personal assets, your Scholarship Foundation from the threat of financial loss and lawsuits. Our Scholarship Foundation insurance program is specifically created for Scholarship Foundations nationwide.
  
  
• Bonding Plus - $50.00
  Crime insurance protection including the following coverage:
  a. Employee Dishonesty (volunteers as employees)
  b. Forgery or Alteration
  c. Theft, Disappearance And Destruction Of Money And Securities
     (1) Loss Inside The Premises
     (2) Loss Outside The Premises
  Please read the Coverage Summary for more details.
  
  
• Property Plus - $100.00
  Business Personal Property replacement cost (new for old) insurance protection, which includes coverage for earthquake. Please read the Coverage Summary for more details.
  
  
• Accident Medical Plus - $98.00
  Medical expense coverage which helps to avoid lawsuits and provides insurance coverage for out-of-pocket medical expenses resulting from an accident at a sponsored activity or covered event.
  
  
• Directors & Officers Liability Plus - $50.00
  Directors and Officers Liability insurance protection with limits of $1,000,000 Per Occurrence for each participating Scholarship Foundation.
  

8/25/08 by MC