Town of Homer Summary of Issues October 2025
Homer Finances 2025 Insurance Premiums Through Lender
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Description
The Town of Homer is financing its 2025 property and casualty insurance premium of $287,861 through First Insurance Finance, having paid $43,179 down and committing to ten monthly payments of $25,540 starting April 8, 2025. This arrangement spreads the increased premium cost over most of the year.
Contract Details
Contract Amount
$287,861 premium for 2025; $43,179 down payment plus 10 monthly payments of $25,540
Vendor
FIRST INSURANCE FINANCE
Agency
Town of Homer, LA
Contract Type
FINANCIAL_SERVICES
Document Date
October 31, 2025
Contract Term
Financing for 2025 property and casualty insurance premium, with payments beginning April 8, 2025 for ten months
Renewal Date
2026-01-08
Renewal Info
Financing applies to the 2025 policy year; future renewals would require new financing arrangements.
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