Southeastern Oakland County Water Authority Agenda Packet 2026-06-10
SOCWA Renews Annual Insurance with MMRMA for $46,777
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Description
The Southeastern Oakland County Water Authority Board renewed its annual property and liability insurance coverage with the Michigan Municipal Risk Management Authority for a premium of $46,777 for the year beginning July 1, 2026. The renewal continues SOCWA's participation in the member-owned risk pool, maintaining comprehensive municipal insurance coverage.
Contract Details
Contract Amount
$46,777 (annual)
Vendor
MICHIGAN MUNICIPAL RISK MANAGEMENT AUTHORITY
Agency
Southeastern Oakland County Water Authority, MI
Contract Type
INSURANCE
Document Date
June 10, 2026
Contract Term
July 1, 2026 – July 1, 2027
Renewal Date
2027-07-01
Renewal Info
1-year renewal; MMRMA membership since 2006; property and liability insurance renewal occurs annually; any excess funds are redistributed to members.
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APPROVEDIssuing Agency
Southeastern Oakland County Water Authority
Special District
Royal Oak, MI
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Southeastern Oakland County Water Authority Agenda Packet 2026-06-10
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