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Elco board approves expanded insurance coverage and FY26–27 payment to state pool
Summary
The Elco County School District board approved renewal with the Nevada Public Agency Insurance Pool, accepting an added $200 million in property coverage (raising the pool layer from $300M to $500M) for about $150,000 and authorized payment from FY26–27 funds. Pool representatives said the district coverage and services will include expanded cyber and property limits.
The Elco County School District board voted to approve the district's renewal with the Nevada Public Agency Insurance Pool and authorized payment from fiscal year 2026 and 2027 funds, following a presentation from pool representatives.
Dane Yuriardi of LP Insurance and Alan Cult, the pool's chief financial officer, outlined changes in coverage and risk services during the board's May meeting. Yuriardi told trustees the pool had secured an additional layer of property coverage, increasing the pool's property limit from $300 million to $500 million for an additional cost of $150,000. The presenters said the district's total insured values exceed $637 million.
"We were able to increase our property coverage from 300 million to $500 million," Alan Cult said, calling the extra layer "a tremendous buy" at about $150,000. Cult and Yuriardi also emphasized expanded cyber coverage and risk-management services available to member districts, including on-demand cyber response and school-safety planning support.
Board members asked how the larger pooled limit would apply to individual catastrophic events and whether the additional layer reflected poolwide decisions. Pool staff said the additional coverage was obtained poolwide after catastrophe modeling showed the need for higher limits. Trustees also noted the district's exposure and asked staff to confirm whether the district has individual replacement scenarios that would require such limits.
The board moved and seconded the recommendation to accept the renewal and payment; the motion passed by voice vote.
What happens next
District staff will process payment from the approved fiscal-year funds and continue coordination with the pool on property schedules and cyber programs. Pool officials said the coverage expansion was placed after a competitive procurement and modeling process.
Speakers quoted or referenced in this article are part of the meeting record and may be contacted through the district for follow-up documentation.
