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Commission approves higher property-insurance limits, keeps self-insurance option under discussion
Summary
After debate on options to change the county’s commercial property insurance limits and structure, the board approved an increase in coverage and approved staff’s recommended funding approach, with commissioners also passing an alternate motion to keep a self-insurance component and to set aside reserves.
Okaloosa County commissioners debated options to renew the county’s commercial property-insurance program and unanimously approved an increase in coverage limits and protections while directing staff to continue setting funds aside for a property reserve.
Risk-management staff told the board the commercial market has softened and proposed two options (staff recommended option 3 to raise the county’s…
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