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North Scott board accepts 2025–26 insurance rates, discusses 1% property deductible and storm fund option
Summary
School board accepted proposed liability insurance rates for 2025–26 after a presentation on rising property and wind/hail claims and discussed, but did not adopt, an $80,000 storm-protection fund that would lower a 1% structure deductible to $50,000.
The North Scott Community School District Board on June 23 accepted proposed liability insurance rates for the 2025–26 year after hearing a presentation on rising property, wind and hail claims and deductible options.
Board members heard that the district’s carrier arrangement has covered most lines with EMC for decades and that recent claim trends—especially wind and hail—have driven property-rate increases and a move to a 1% deductible on structures. A district presenter said annualized premium is projected to rise from about $778,000 to about $850,000 for 2025–26, with roughly 73% of the increase attributed to…
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