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Board renews ICAP coverage and raises property deductible to $25,000 to lower premium
Summary
The board authorized renewal of membership with ICAP and approved raising the county's property and auto physical-damage deductibles, following a presentation from the county's insurance broker about premium savings and options to buy additional excess liability coverage.
The Jackson County Board of Supervisors voted to renew the county's membership in ICAP and approved increasing the county's property and "all other perils" deductible to $25,000, a change the county's broker said would reduce the annual premium.
Joe Vins, an insurance representative with First Main Street Insurance, advised the board on the renewal options and recommended higher deductibles. "It would be my recommendation that the board consider increasing the all other perils deductible to $25,000 from a thousand," Vins said, explaining that the county historically has few small property claims…
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