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Terrebonne school board authorizes one-year flood insurance renewal after discussion of FEMA rules and coverage levels
Summary
The Terrebonne Parish School Board approved a one-year flood insurance renewal effective July 1, 2025, after members and risk staff reviewed how insurance levels interact with FEMAreimbursement rules and the districts strategy to protect classrooms without depleting classroom budgets.
The Terrebonne Parish School Board on May 20 authorized renewing flood insurance through Lade Agency Inc. with Wright National Flood Insurance Co., effective July 1, 2025, through June 30, 2026, at an estimated annual premium of $217,631.
Board members and risk-management staff spent the bulk of the discussion reviewing why the district carries a multi-million-dollar property insurance "bucket," how that interacts with FEMA reimbursement rules and the Stafford Act, and whether buy-ups would be prudent given budget…
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