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Commission hears warning on Hilltop Apartments insurance costs, directs staff to prepare options and maintenance estimates
Summary
An insurance representative told the commission the Hilltop Apartments could face sharply higher premiums at renewal; commissioners asked staff to continue maintenance, seek options, and return with cost estimates and a plan during budget discussions.
The Harrington City Commission received a briefing on insurance and deferred maintenance for the Hilltop Apartments and directed staff to develop options, cost estimates, and a plan for consideration during the budget process.
Kyle Becker of Smart Insurance told the commission that the city’s carrier, EMC, is scrutinizing large, older municipal properties and that Hilltop — an older, sizable senior housing building owned by the city — could see its annual premium rise from roughly $24,000 today to an estimated $80,000–$100,000 at the next renewal if underwriting concerns…
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