Des Moines Area Regional Transit Authority Agenda Packet 2026-06-02
DART Renews FY2027 Insurance Coverage with ICAP
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Description
DART approved a renewal of its property and casualty insurance coverage for FY2027 with Iowa Communities Assurance Pool (ICAP) at $1,363,890. This continues DART's participation in the member-based risk pool with expanded cyber coverage limits. The renewal represents a 9% premium decrease from the prior year.
Contract Details
Contract Amount
$1,363,890
Vendor
IOWA COMMUNITIES ASSURANCE POOL ICAP
Agency
Des Moines Metropolitan Transit Authority, IA
Contract Type
INSURANCE
Document Date
June 2, 2026
Contract Term
Fiscal Year 2027
Renewal Date
2027-06-30
Renewal Info
Annual renewal, twelfth year of membership since 2015. Maintains existing coverages, adds coverage for Faithful Performance of Duty.
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RENEWEDIssuing Agency
Des Moines Metropolitan Transit Authority
Special District
Des Moines, IA
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