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Insurance presentation outlines coverage limits, premiums for 2026 policy term
Summary
McCredie Insurance Agency presented a review of airport insurance coverages for the 01-20-2026 to 01-20-2027 term, including property valuations for hangars and terminal, liability limits up to $5,000,000, pollution liability limits and premium changes.
Dave McCredie of McCredie Insurance Agency reviewed the Authority’s insurance coverages and limits for the term Jan. 20, 2026–Jan. 20, 2027. The presentation documented property values (for example, terminal value listed at $2,695,400 and various hangar valuations), liability coverages including a $5,000,000 premises liability limit and $5,000,000 products/hangarkeepers coverage, and pollution liability with limits of $1,000,000 per incident and $2,000,000 annual aggregate. Premiums and year-to-year changes were noted in the report.
The minutes record that the Authority received the insurance details and a written declaration page; the minutes also note that additional insured and property-plus coverage terms were listed on the policy declarations. The record includes a request for the Airport Director’s date of birth and license number needed for the policy application.
