Item O083
CM
ounty of onroe
BOARD OF COUNTY COMMISSIONERS
Mayor Heather Carruthers, District 3
Mayor Pro Tem George Neugent, District 2
TheFloridaKeys
Danny L. Kolhage, District 1
David Rice, District 4
Sylvia J. Murphy, District 5
County Commission Meeting
April 20, 2016
Agenda Item Number: O.8
Agenda Item Summary #1536
BULK ITEM: DEPARTMENT:
Yes Risk Management
TIME APPROXIMATE:STAFF CONTACT:
Maria Slavik
N/A
AGENDA ITEM WORDING:
Approval to pay $414,138 renewal premium to Citizens Property
Insurance Corporation for Windstorm Insurance Policy.
ITEM BACKGROUND
deductible which includes both the value of the building and its contents. The total Building limits
insured by Citizens are $24,839,000 and the total Contents (business personal property) limits
insured by Citizens are $7,760,847. The policy is purchased to supplement the wind coverage
contained in the County's Master Policy.
PREVIOUS RELEVANT BOCC ACTION
: Accepted property insurance proposal with per
location deductible.
CONTRACT/AGREEMENT CHANGES:
This is an increase of $24,006 (5.8%). The new renewal dates are 5/29/16-5/29/2017.
DOCUMENTATION:
Renewal premium to Citizens Property Insurance Corporation for Windstorm Insurance Policy
FINANCIAL IMPACT:
Effective Date: 5/29/16
Expiration Date: 5/29/17
Total Dollar Value of Contract: $414,138
Total Cost to County: 414,138
Current Year Portion: 414,138
Budgeted:
Yes
Source of Funds: Internal Service Fund/Primarily Ad Valorem
CPI: NA
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Indirect Costs: N/A
Estimated Ongoing Costs Not Included in above dollar amounts: N/A
Revenue Producing: N/A If yes, amount:
Grant:
N/A
County Match
: N/A
Insurance Required:
N/A
Additional Details:
04/20/16 503-08502 · RISK MGMT INSURANCE $438,144.00
Wind Renewal
STAFF RECOMMENDATION:
Approval to renew the policy as submitted by Citizens Property
Insurance Corporation.
REVIEWED BY:
Maria Slavik Completed 04/04/2016 12:45 PM
Chris Ambrosio Completed 04/04/2016 12:48 PM
Budget and Finance Completed 04/04/2016 3:55 PM
Kathy Peters Completed 04/04/2016 9:04 PM
Board of County Commissioners Pending 04/20/2016 9:00 AM
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