[MassHistPres] Insurance on town-owned historic structures

[Joseph Larson]

Bruce:

 

Good questions. The precise definition depends on the town’s policy, which I have not seen. For personal, individually owned, items I doubt that the town policy would cover those because you homeowner’s policy usually has a section covering items lost or damaged outside the home.

 

I am in the process of finding out what other towns do for evaluating their historic structures for insurance purposes because I have no idea if the current values are reasonable.

 

Joe

 

From: brucek [mailto:brucek at valinet.com] 
Sent: Friday, August 03, 2012 9:59 PM
To: Joseph Larson; Mass Hist Preservation
Cc: blairf.bigelow at comcast.net; 'Doris Holden'; 'Elva Anderson'; gouldc at arps.org; Julie Keyes Ryznic; Michael O'Connor; 'Sara Van Steenburgh'; Charles Thompson; Daniel Robb; Joseph Larson; Karl Martini; Tom Hartman
Subject: Re: Insurance on town-owned historic structures

 

What exactly is meant by personal property?  Does it refer to furniture, pictures frames on the wall, the stored stuff in the library of town hall, the contents of the museum?  What about personal property brought into the building by the public?  If I’m at town meeting with my very expensive coat and laptop computer, and there is a fire (insert required “god forbid”) would it include them?   I guess I don’t know what personal property is in a public property.

 

Also, just thinking about what just the cost of the painting was, is the Real property value of the town hall correct?

 

Just some of my thoughts,

Bruce

 

 

 

 

 

 

Description and Location of Property:

Old Town Hall – Office

376 Amherst Road

Real property: $257,515

Personal property in the building: $47,982

Pelham Historical Building

374 Amherst Road

Real property: $222,023

Personal property in the building: $42,183

Kiosk Information Center

376 Amherst Road

Real property: $7,880

Personal property: $0.

 

From: Joseph Larson <mailto:larson at tei.umass.edu>  

Sent: Friday, August 03, 2012 9:39 PM

To: Mass Hist Preservation <mailto:masshistpres at cs.umb.edu>  

Cc: blairf.bigelow at comcast.net ; Bruce Klotz <mailto:brucek at valinet.com>  ; 'Doris Holden' <mailto:drh at external.umass.edu>  ; 'Elva Anderson' <mailto:elva-anderson at comcast.net>  ; gouldc at arps.org ; Julie Keyes Ryznic <mailto:JKRRN at comcast.net>  ; Michael O'Connor <mailto:oconnorm at arps.org>  ; 'Sara Van Steenburgh' <mailto:saravans at verizon.net>  ; Charles Thompson <mailto:cthompson717 at comcast.net>  ; Daniel Robb <mailto:robbde at gmail.com>  ; Joseph Larson <mailto:larson at tei.umass.edu>  ; Karl Martini <mailto:kmartini at wne.edu>  ; Tom Hartman <mailto:tom at coldhamandhartman.com>  

Subject: Insurance on town-owned historic structures

 

The Pelham Historical Commission has been asked to confirm that the values in the town’s insurance policy for the town-owned historic buildings is correct. There are values for each structure and for contents of each.

 

We have not been asked to address this issue before now and are seeking guidance. One building is owned by the town but by Town Meeting vote is used by the private Historical Society as a Museum. Another town-owned building includes a room that by Town Meeting vote is also used by the Historical Society. In both cases they contain a lot of Society property.

 

Information on how this is handled in other towns, or references to “standard practices” would be welcome.

 

 

Joseph S. Larson, Co-Chairman

Town of Pelham

Historical Commission

27 Arnold Road

Pelham, Mass. 01002-9757

413-256-8256

 

 

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