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Denton ISD moves to layered property-insurance program, seeks authority for binding coverage
Summary
District staff and broker described a new multi-carrier, layered property-insurance plan that lowers some deductibles, increases certain limits and, according to the broker, modestly reduces premium while improving coverage; staff asked the board for a resolution authorizing the superintendent to bind the program.
DENTON, Texas — Denton ISD staff and their broker told trustees on May 13 that the district is moving from a single-pool property program toward a layered, multi-carrier program intended to raise total limits, tighten flood and wind/hail deductibles and improve coverage at a competitive premium.
The presentation: Chris Bohnberger (district staff) and Allison Nixon (broker) reviewed a benchmark of 51 North Texas districts and said Denton ISD’s expiring program had a competitive rate but lacked some coverage features. Nixon described a quota-share layered program that would increase the district’s total property limit…
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