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County OKs flood insurance renewal and directs staff to compile fire-related road/asset damage for claims review
Summary
Insurance broker presented the county's flood-insurance renewal and a small premium increase to $23,224; commissioners approved the premium and a client service agreement with the broker and directed staff to inventory fire-related roadside damage for potential CIS claims.
Pat Boyle of Marshman McLennan Agency presented Jefferson County's flood insurance renewal, which covers several county buildings and contents at specified limits. He noted the policy has separate deductibles for buildings and contents and recommended leaving a $10,000 contents limit in place for a Southeast 7th location because the premium savings would be small.
"Last year we were at 20,676. This year we're at 23,224," Boyle said, summarizing the renewal premium increase tied to flood-zone assessments. Commissioners voted to approve payment of the $23,224 premium and to execute a client service agreement with the agency. The board also directed county staff to compile a detailed list of fire-related damage to roads, signs, guardrails and fencing and to evaluate whether to submit claims to the CIS pool for potential reimbursement.
Why it matters: the renewal covers county exposures in flood zones; compiling fire-related damage lets the county determine whether to self-insure small losses or file insurance claims for larger rehabilitation costs.
