Council ratifies small insurance increase to avoid lapse; questions terrorism coverage line
Staff reported a $351 unplanned increase tied to terrorism coverage on the town’s insurance policy; the council ratified payment to prevent a lapse and asked staff they may seek to remove the optional coverage with the insurer later.
The full story
Staff told the council that the insurance policy renewal came in $351 higher than expected after a terrorism coverage box was included in the policy calculation. Counsel explained that terrorism coverage would only trigger if an event were deemed a terrorism attack and encouraged the council that the town must avoid an insurance lapse.
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