Valley Sanitary District Minutes of Regular Board Meeting 2026-06-09
Earthquake Insurance Bound for FY 2026-27
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Description
Valley Sanitary District approved earthquake insurance coverage for FY 2026/27 through George Petersen Insurance Agency at an annual premium of $650,757, covering $158.4 million in insured value. The policy spans 12 months starting June 30, 2026, with primary coverage from QBE and excess layers from Lloyd's and Palomar.
Contract Details
Contract Amount
$650,757
Vendor
GEORGE PETERSEN INSURANCE AGENCY
Agency
Valley Sanitary District, CA
Contract Type
INSURANCE
Document Date
June 9, 2026
Contract Term
12-month policy starting June 30, 2026 for Fiscal Year 2026/27
Renewal Date
2027-06-30
Renewal Info
Annual renewal of earthquake insurance coverage for a 12‑month term beginning June 30, 2026; future fiscal year coverage will require new binding actions.
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