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Brown County seeks options as K Camp appraisal raises cost to insure historic society building
Summary
K Camp told commissioners an independent appraisal raised the Brown County Historical Society buildings replacement value to about $8.5 million; the commission asked K Camp for deductible and coverage options rather than immediately removing the building from the countys insurance schedule.
Brown County commissioners spent a major portion of their meeting reviewing insurance options after K Camp reported a significant increase in the replacement-cost appraisal for the countys Historical Society building.
David Knutson, acting administrator for K Camp, told the commission the pool appraises county locations every four years and that COVID-era material and labor inflation has driven replacement-cost estimates higher. "We appraise all of our county locations every four years," Knutson said. "Those appraisals are done on-site and include trending factors; material and labor costs jumped in recent years, so replacement costs rose…
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