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Hays renews property‑liability insurance for 2025–26 at about $590,944 after large weather losses
Summary
The commission authorized renewal of the city’s 2025–26 property and liability insurance package for $590,944, citing a 30% premium increase tied to a reappraisal of insured values and a $3 million loss history from recent storms.
The Hays City Commission on June 12 authorized renewal of the city's 2025–26 property and liability insurance package in the amount of $590,944.
Kim Rupp, Director of Finance, told commissioners the city completed a reappraisal after construction‑cost increases since 2018 and that insured values rose substantially: buildings and contents increased by roughly $12.6 million and $12.1 million respectively, vehicles rose about $1.9 million to account for new police vehicles, and equipment and other property were adjusted to reflect recently added items. "This reappraisal has…
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