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Farm Bureau outlines Bonner County property insurance terms, $10,000 deductible and special-form coverage
Summary
Farm Bureau representative Vicki Speakman reviewed Bonner County's new county-wide property policy, explaining a $10,000 retained deductible, special-form coverage for most structures and valuation methods; commissioners were advised to route decisions through the county risk manager.
Bonner County risk manager Christian convened an informational briefing at 10 a.m. with Farm Bureau insurance representative Vicki Speakman on the county’s new property insurance program, which includes a $10,000 retained deductible and special-form coverage across most county properties.
"We selected a $10,000 deductible, which I call retained limit insurance," Vicki Speakman told the Board of County Commissioners, adding that Farm Bureau accepted Bonner County’s application after reviewing a 10-year loss history the county provided. She said that from the insurer’s perspective the county’s in‑house handling of small claims made the portfolio appear low risk: "you had no losses."
The presentation explained key features of the policy and how the insurer set limits. Farm…
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