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Johnsburg board raises umbrella insurance from $4M to $6M by adjusting deductibles
Summary
The board approved a resolution to increase the town's umbrella liability coverage from $4 million to $6 million at no material additional premium by changing deductibles; packet lists an insurance figure of $2,005.06 that members compared to budget lines.
The board considered a resolution to modify its insurance deductibles and increase umbrella liability coverage from $4,000,000 to $6,000,000. The Chair said the increase could be achieved by slightly increasing deductibles and that it would align better with risk in the area. Members discussed the line-item cost in the packet; one member referenced a number listed as $2,005.06 and noted the current budgeted amount.
After brief discussion the board unanimously approved the resolution by voice vote (‘Aye’). No roll-call or named mover/second was recorded in the transcript; the chair called the question and the motion carried.
