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Cleburne County Commission agrees to short-term insurance binding after steep rate spike
Summary
At an emergency meeting, the Cleburne County Commission discussed a roughly 125% increase in property insurance and authorized a short-term binding plan: 25% down on auto coverage (three months), month‑to‑month building and equipment coverage, and a recommendation for a $2,500 auto deductible while staff seeks better quotes.
Cleburne County officials met in an emergency session to respond to an unexpected, sharp rise in the county’s property, automobile and equipment insurance costs and to authorize a temporary payment plan to maintain coverage.
Speaker 3, who presented policy options, told commissioners the county had been notified of “a significant increase somewhere on the order of a 125% increase in property insurance,” and that the prior underwriter named in the transcript had ceased writing municipal policies. The county’s broker, Parnell Insurance, received limited market responses and initially proposed roughly $155,000 in annual premiums.
To avoid a lapse in coverage that expires at midnight, Speaker 3 recommended binding a short-term plan: pay 25% of the auto…
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