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Commissioners seek more information on historic-courthouse insurance; take no action
Summary
Staff outlined a proposal to add historical coverage for the county courthouse that would increase annual premiums by roughly $27,007.14; commissioners asked for further premium/deductible comparisons and examples from other counties and took no action.
County insurance staff briefed commissioners on options to add historic-building coverage for the courthouse and other historic county properties. Staff said adding historical coverage for the main courthouse would increase the annual premium by approximately $27,007.14 (presented as the increment over current coverage), producing a new total premium level for the building as presented in staff materials.
Commissioners discussed expected replacement and restoration costs if a catastrophic loss occurred, the limited pool of qualified contractors who can perform historically correct restoration work, and whether increasing deductibles would lower premiums across the county's portfolio. Several commissioners asked staff to get comparative numbers from other counties that had recently restored courthouses, such as Wise County, and to present premium/deductible trade-offs. The court took no action pending that additional information.
