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Board approves insurance renewal with $2.17M cap; district TIV listed at $647M
Summary
Burleson ISD CFO Brenda Mize told trustees the district's layered property/equipment insurance covers a total insurable value of $647 million; the board approved a one-year renewal with a cap of $2,173,204 and authorized the superintendent to finalize the contract.
Mrs. Brenda Mize, the district's Chief Financial Officer, reported that the district's property and equipment breakdown insurance is renewed on a layered program that will cover the district's total insurable value (TIV) of $647 million.
Mize said the one-year extension will be effective Oct. 1, 2025, through Sept. 30, 2026. The Board approved coverage with a cap of $2,173,204 and authorized the superintendent or designee to finish negotiations and execute the contract.
The renewal was moved and seconded during the meeting and passed with all trustees present voting in favor.
