INSURANCERENEWED

City of Fernley AgendaPacket Regular Meeting 2026-06-24

Fernley renews Nevada Public Agency Insurance Pool coverage

$475,899.68 with a deductible of $2,000.00 per claimCity of FernleyNEVADA PUBLIC AGENCY INSURANCE POOL (POOL)June 24, 2026

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Description

The City of Fernley voted to accept the renewal proposal from the Nevada Public Agency Insurance Pool for fiscal year 2026–2027, approving payment of $475,899.68 with a $2,000 deductible per claim. The renewal updates property, equipment breakdown, and cyber liability limits and amends withdrawal provisions in the interlocal agreement.

Contract Details

Contract Amount

$475,899.68 with a deductible of $2,000.00 per claim

Vendor

NEVADA PUBLIC AGENCY INSURANCE POOL (POOL)

Agency

City of Fernley, NV

Contract Type

INSURANCE

Document Date

June 24, 2026

Contract Term

Fiscal year 2026–2027

Renewal Date

2027-06-30

Renewal Info

Annual insurance coverage through the Nevada Public Agency Insurance Pool renewed for FY 2026–2027; future participation subject to interlocal agreement terms including a 120-day notice of withdrawal to waive the two-thirds Board vote requirement.

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