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Fergus Falls council raises property liability deductibles and approves reserve policy to offset higher self-insurance
Summary
Council voted to raise property and liability deductibles from $10,000/$20,000 to $25,000/$50,000, estimating roughly 12–14% premium savings, and adopted a policy to retain a reserve (100,000 or 200% of deductible) to cover higher self-insured exposures; staff will review property schedules for possible removals from coverage.
The Fergus Falls City Council voted Dec. 10 to increase the city’s property and liability deductibles and to adopt a reserve policy to help cover the higher self-insured amounts.
Bill (city staff) explained the recommendation to change the per-occurrence deductible from $10,000 to $25,000 and the aggregate from $20,000 to $50,000, citing guidance from the League of Minnesota Cities. He…
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