Claims

The Claims Committee oversees claims management in collaboration with the insured land trusts. It includes attorneys appointed by the Members Committee with a range of experience in conservation and insurance. Their responsibilities include:

• ensuring that Terrafirma is well managed
• evaluating, monitoring, approving and managing all member claims
• legal strategy for Terrafirma
• assigning outside counsel to represent land trusts (in consultation with the land trust)

Terrafirma encourages land trusts to file a placeholder claim at the first indication of any looming problem and offers 22 general indicators to consider. Early filing is meant to initiate conversations and prevent problems from becoming worse. (52)

Each submitted claim carries a US$5,000 deductible. (53)

52. Terrafirma, Potential Indicators of When to File a Claim

53. Terrafirma, Claims