The new Policy and Advisory Library (PAL) is now available. This page will be redirected to PAL from the start of Term 3. Make sure to update your bookmarks to the new PAL site.
Purpose of this policy
To ensure all government schools have sufficient buildings insurance.
Policy
The Department buildings insurance consists of:
- catastrophe property insurance for losses over $3 million up to $3.625 billion for any one event
- insurance through the Re-instatement Program for losses below $3 million due to all major perils including fire, flood and storm damage and provides for:
- reinstatement and/or replacement
- initial clean up costs
- any temporary building replacement
- replacement or reinstatement of furniture and fittings and other standard facilities.
Note: Rebuilding or replacement of school buildings occurs following consideration of:
- entitlements
- enrolments
- future viability and availability of funds.
Works of art
If the school council considers their value warrants such action schools should:
- employ a recognised valuer to value works of art
- insure valuable works of art through the School Council Insurance Program underwritten by the VMIA
- store the written valuation in a safe place
- have these items revalued periodically.
Related policies
Department resources
For relevant guidelines and forms, including Certificates of Currency and Insurance Arrangements Guidelines for Schools, see: Insurance - VMIA Insurance documents - schools and corporate