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Stolly Insurance presents Ohio Plan renewal to New Bremen council; 4.5% increase discussed
Summary
Chad Stolly of Stolly Insurance presented the Ohio Plan renewal for July 1, noting a 4.5% premium increase and an approximate premium figure of $95,651; council recorded the first reading of an ordinance to renew property and equipment insurance.
Chad Stolly of Stolly Insurance presented the Ohio Plan property and equipment insurance renewal to the Village of New Bremen council at the May 26 meeting.
Stolly said this year's renewal reflects a 4.5% increase and discussed a total premium figure of about $95,651. He explained that some items, including transformers and power poles, are now categorized as special property and may draw higher rates. Stolly also noted the program's cyber deductible structures, with a change to a $5,000 cyber deductible in the current program compared with a $25,000 option discussed.
Council recorded the first reading of Ordinance 2026‑05‑11 to renew property and equipment insurance effective July 1. The minutes do not include a final vote on the ordinance at this meeting.
