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Board approves updated liability and cyber insurance after property reappraisal
Summary
The board approved new liability, cyber and pollution insurance provider and rates effective July 1, 2024, after an appraisal raised building insured values by more than $35 million; staff said the updated premium costs reflect higher rebuild values and that reappraisals will occur every five years.
The Fairfield Union Local board approved updated liability, cyber and pollution insurance provider and rates effective July 1, 2024, after staff completed a reappraisal of building values.
Miss Roberts told the board the district moved to the Ohio School Plan earlier in the year and that the reappraisal raised total insured building values by "over…
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