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Bowmont council approves lower-deductible, higher-limit windstorm coverage after staff recommendation
Summary
After a presentation from Victor Insurance Managers and city staff, Bowmont council approved the staff-recommended insurance renewal (option one) that raises open-market property limits and halves key deductibles, a change officials said saves the city roughly $250,000 versus the expiring policy.
Bowmont — The Bowmont City Council approved a renewal of the city’s windstorm and hail insurance that staff said increases limits and reduces the city’s out‑of‑pocket deductibles. Marissa Arseno, the city’s liability administrator, introduced representatives from Victor Insurance Managers, who explained three options for the 2026 renewal and the markets they solicited.
Victor Insurance’s presenter said the recommended option raises open‑market coverage…
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