City Council May 1, 2012 San Angelo NLC USP

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  • 1. NLC Service LineWarranty ProgramMay 2009S trictly C onfid e ntial
  • 2. Who Is USPHeadquartered in Canonsburg, PA, One of the largest independent providers of service line warranties in North America.USP is a portfolio company of Macquarie Capital, part of Macquarie Group Limited, one of the worlds largest owners and managers of utility and infrastructure assets with over $300 billion in assets under management worldwide 2
  • 3. Who Is USPUSP is proud to have been selected as both an NLC and NCTCOG Enterprise Programs PartnerOver 125 Cities Participating Nationwide Abilene, Midland, Odessa, Phoenix, Atlanta, Milwaukee, Plano, etc. 3
  • 4. NLC Service Line WarrantyProgram ProductsExternal water line and sewer line warrantiesProvide repairs on broken or leaking outside water or sewer lines typically not covered by homeowners insuranceNo restrictions on the number of repairs performed– full benefit of coverage provided on every repairLow monthly cost – NO deductibles or service fees 4
  • 5. Program Benefits $35,000Program endorsed by multiple state municipal leaguesProven Track Record (over 125 U.S. partnership cities and millions of homes with access to service nationwide) Quick and Responsive Repairs 6
  • 6. Program Benefits100% Optional for Homeowners (Awareness Campaign) 20% to 35% of homeowners will participate within 3 – 5 Years (Houston C.M. Bradford)Over $31 million in claims over past 8 years 7
  • 7. Program Benefits Cont. NO COST for the city to participate Peace of mind and protection for your residents Easy implementation Affordable rates for residents 8
  • 8. Program Benefits Cont. All repairs performed to local code Generates revenue for your city Service from trusted city-based contractors 9