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Davenport board approves joining statewide storm protection pool to cover wind and hail deductibles
Summary
The Davenport Community School District board voted to participate in a statewide 2080 storm protection pool that will fund wind and hail deductibles up to 1% of a property’s replacement value.
The Davenport Community School District board voted to participate in a statewide storm protection pooling agreement that funds districts’ wind and hail deductibles up to 1% of a property’s replacement cost.
Bridal Matlock, the presenter for the plan, told the board the arrangement is a 2080 agreement signed by most of Iowa’s school districts and that Davenport’s first‑year contribution would be $392,058. “Think of it as a savings account. It is invested, so it will grow income, and it’s there for when any of the school district members decide they want to use it,” Matlock…
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