HomeMy WebLinkAboutInsurance Committee Minutes 06.18.1990MINUTES
Insurance COMMITTEE
DATE 3une 18~ 1990 TIME 5:12 p.m.
PLACE OF MEETING Conference Room
Members Present: Chairman ~orman 0rr
Don Hackmann ., Bob Graham , Bob Gauthier
Other's present: ,
A quorum (3 or more) present the following action was taken Dy
the committee:
PROPERTY INSURANCE
After makin9 a comparison, Harris Age_ncy was a little higher, but the bene£its
w~re better. ~e ¢~arison is as follows:
Building/contents
~DP Equil~nent
Valuable Papers
Accounts Receivable
E~tra Expense
Contractor' s Equipment
Boiler & Machinery
HARRIS AG~NCY ~
pre~ deductible pre~f~%~u deductible
$ 11,700' $5,000 $12,354 $5,000
521 250 200 5,000
426 250 400 5,000
91 none 110 5,000
52 none · 50 5,000
2,452 1,000 2,820 1,000
1,902 2,500 618 1,000
$ 17,144' $16,552
* $2,500 deductible (which we have now) the pre~i~ would be $12,416 for a total
of $17,860.
The difference between the 2 proposals, with a $5,000 deductible
on buildings and contents, would be $592. Motion by Bob Graham and
seconded by Norman Orr to recommend that we stay with Harris Agency 8nd
increase the deductible on buildings and contents to $5,000. Motion
carried.
The property insurance for vehicles will remain with Harris Agency.
Meeting adjourned at 5:22 p.m.
Respectfully submitted,
Don Hackmann, City Clerk