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Hancock County School District board renews $50 million property insurance plan, approves personnel items
Summary
The Hancock County School District board voted to renew Option 1 of its property insurance—keeping $50 million all-perils and $5 million flood coverage—after a presentation showing the district could save about $134,350 versus the expiring premium; the board also approved multiple personnel additions and resignations on the consent agenda.
Hancock County School District trustees voted at a board meeting to accept the district’s recommended property insurance renewal that maintains $50 million in all-perils coverage and $5 million in flood protection and to approve multiple personnel items on the consent agenda.
Presenter Justin Latt told the board the district’s 10 locations hold more than $170 million in insured assets and outlined four renewal options before recommending Option 1, which keeps the district at $50 million in all-perils coverage and $5 million in flood protection. "I'm recommending renewal option 1," Latt said, adding that the proposal would save the district about $134,350 compared with the expiring premium.
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