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Commission approves $128,348 Chubb property policy with terrorism coverage; commissioners cite inventory cleanup for savings
Summary
The commission voted to renew the county's property insurance with Chubb for $128,348 including terrorism coverage, noting a 5% premium reduction driven partly by an updated equipment inventory and lower claims.
The St. Francois County commission voted to renew the county’s property insurance with Chubb for $128,348, including terrorism coverage, after staff said removing terrorism would have reduced the premium by $4,604.
Staff presented the renewal and told commissioners that a recent cleanup and inventory of county equipment helped lower the county’s premium. “We finally got a handle on some of our equipment,” one…
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