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Council renews city property and liability insurance, adds terrorism coverage amendment
Summary
Council approved a one-year renewal of the city—s property and liability policy with Nickel & Saf for $470,539 and accepted a friendly amendment to add $7,201 for additional terrorism coverage, bringing the total to $477,740; the policy includes $10 million sewer-backup limits and expanded judicial liability.
The Grosse Pointe Farms City Council approved a one-year renewal of its property and liability insurance on Nov. 10, 2025.
John Johnson of Nickel & Saf presented the renewal, noting a roughly 9.04% premium increase (approximately $39,000) tied to exposure changes and updated asset valuations. Johnson highlighted…
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