Thank you, Mr. Speaker. Mr. Speaker, I have a Return to Oral Question asked on December 6, 1993 concerning fire and liability insurance carried on government units.
Mr. Speaker, the GNWT insures all of the staff housing units that it owns under an all property blanket insurance policy against all risks of physical loss or damage. This includes fire up to a limit of $50 million for any one loss. The coverage is subject to a deductible of $100,000 per claim.
Mr. Speaker, contents of staff housing that are owned by the GNWT are also insured by this policy. Contents owned by the staff occupying these units are not insured by the GNWT and are the responsibility of individual owners.
The blanket insurance policy covers all GNWT-owned property, but does not include single-family and duplex units owned by the Housing Corporation. These are self-insured by the corporation because it has been determined to be more cost-effective.
Both the GNWT and the Housing Corporation carry third party liability insurance against claims arising from its operations and from claims related to staff housing. This insurance is up to a limit of $25 million against any one claim and is subject to a $5,000 deductible for any one loss. Thank you, Mr. Speaker.