Board agrees to insurance coverage changes, keeps aged-exemption threshold and reviews MACE contract
The board agreed to increase property-damage coverage and the deductible per a broker recommendation, voted to keep the aged exemption income limit at $16,000, and approved a one-year MACE zoning enforcement addition for 2026 under review for actual cost.
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The board reviewed insurance-renewal quotes presented by Chase Tascone of Gallagher Insurance (representing NYMIR) and agreed to increase the property deductible to $2,500 and raise building coverage to $1,271,293 for a total blanket limit of $1,732,520; the broker said the changes would increase the premium by $239. The board voted to accept the proposed coverage adjustments.
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