Lincoln County approves $52,969 wind and hail policy to limit storm exposure

The Lincoln County Board of Commissioners voted to approve a 12-month wind and hail insurance policy at a premium of $52,969.20 for the April 1, 2026–April 1, 2027 policy year.

Tanner Patra of Hub International told the board the county has used six‑month "buy down" policies in recent years to reduce wind/hail deductibles from 3 percent to 1 percent. He presented multiple quotes and described shifting market conditions: last year’s six‑month premium was about $45,666; one six‑month renewal quote rose to roughly $65,000; an alternative full‑year quote was $52,969. "For the additional small cost, it's worth doing a full year policy versus a six‑month policy," Patra said, arguing that broader coverage avoids gaps outside the peak months.

Commissioners discussed the county’s loss history (no recent wind/hail claims identified in the transcript), the trade‑offs of six‑month versus 12‑month or extended 16‑month terms, and budget alignment for next year’s renewals. A motion to bind coverage with the quoted carrier (referred to in the meeting as Lucid) carried on roll call. The board directed staff to proceed with the binding paperwork.

Why it matters: the policy reduces the county’s potential out‑of‑pocket exposure to large wind or hail deductibles that could otherwise deplete reserve funds needed for rebuilding county facilities such as the courthouse and jail. The decision also simplifies budgeting by aligning property coverage to a single annual renewal period.

Next steps: the policy takes effect April 1, 2026; commissioners said they will re‑evaluate the market at the next renewal.