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County hears updated appraisals; insurer predicts modest property-insurance increases
Summary
An insurance representative reported updated third-party replacement-cost appraisals for several county buildings, citing roughly a 4% increase for the courthouse and saying the board should expect single-digit property-insurance renewals.
County staff received an update from a third-party appraisal and insurance representative about replacement-cost estimates and the upcoming insurance-renewal season. The presenter said appraisals were performed by a third-party firm (Buckland and Associates) and that, on average, replacement-cost estimates rose roughly 4% compared with the prior year.
The courthouse was listed…
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