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Board accepts builder’s risk insurance quote, declines optional terrorism coverage
Summary
The board reviewed a builder’s risk insurance quote of $82,305 from Houchins Insurance and accepted the quote while declining the $2,461 terrorism coverage option, consistent with other district insurance choices.
The Rockcastle County Board of Education reviewed a builder’s risk insurance quote presented by Houchins Insurance totaling $82,305 and considered an optional terrorism coverage endorsement priced at $2,461.
Speaker 4 presented the quote and recommended accepting the policy without the terrorism endorsement, saying that recommendation aligns with the district’s other insurance elections. Board members asked a clarification question about the insurer name 'Chubb'; staff explained it was the insurer name referenced in the quote.
The board moved and seconded the motion to accept the builder’s risk insurance arrangement with the terrorism option declined. The motion carried by voice vote. The transcript does not record whether the board requested additional follow‑up or a specific effective date for the policy.
