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County staff to refine insurance thresholds; commissioners favor 10‑year vehicle cutoff and $50,000 equipment threshold
Summary
Fallon County staff began a review of the county's property and vehicle insurance program and proposed parameters for shifting lower‑value assets to the county self‑insurance/repair fund. Commissioners signaled support for a 10‑year cutoff for vehicle comp/collision and a $50,000 equipment threshold.
Fallon County staff reviewed the county’s insurance and proposed parameters to reduce premium costs and better target commercial coverage only where it is cost‑effective.
Staff explained current practice includes comprehensive and collision coverage on many aging vehicles and trailers, often with deductibles that approach or exceed the value of the asset. The county’s insurance administrator (Jade) had recommended setting clearer rules so small‑value equipment is not insured commercially but handled through an internal repair or self‑insurance fund.
During discussion commissioners agreed a 10‑year age cutoff for automobiles and light vehicles (newer than 10 years receive comp/collision; older than 10 years carry liability only) was a reasonable starting point. Staff also proposed retaining commercial coverage for equipment or trailers with a replacement value above a threshold (discussion centered on $50,000 for equipment; a $40,000 trailer threshold was discussed for higher‑value trailers such as detachable‑neck lowboys). The board asked staff to refine the list of assets, check replacement costs, and present a draft policy and the fiscal impact for the commissioners to adopt.
Ending
Staff will work with the insurance broker to quantify savings and present a proposed policy that sets vehicle age and equipment‑value thresholds, and identifies which assets will be self‑insured, which will remain on a commercial policy, and recommended deductibles.
