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Board directs superintendent to seek higher uninsured-motorist coverage through VACOR
Summary
Board members directed the superintendent to request an increase in the division's uninsured/underinsured motorist coverage to $1 million from VACOR; staff estimated the premium increase at roughly $4,608 per year and offered a prorated option to start immediately.
Board members discussed a staff review of the division’s VACOR insurance policy and agreed to direct the superintendent to request an increase in uninsured/underinsured motorist coverage to $1 million.
Board member Miss Dawson described work she commissioned (with a volunteer insurance professional) to review current coverage. The reviewer recommended increasing uninsured/underinsured motorist limits to $1 million, which the staff estimated would raise the annual premium by roughly $4,608; prorating the change mid-policy would cost about $2,304 for the remainder of the policy year. Board members debated whether to enact the change immediately or wait until the next annual renewal; some members favored immediate action because of the low marginal cost and the protection it would provide for transported students. The board did not take a formal roll-call motion but directed the superintendent to contact VACOR and implement the increase and to carry it forward into the upcoming renewal.
