Board approves insurance renewal after staff cites $333,487 net decrease
Trustees authorized renewal of district property, liability and auto coverages after staff reported an overall premium drop of $333,487 largely tied to property rate changes, while noting an added $30 million in insured property value (about $664 million total insured).
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A district staff presenter summarized the recommended insurance renewals covering property, general and auto liability, physical damage and crime/fidelity, telling trustees the package produced a net reduction in cost compared with prior year quotes.
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