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INSURANCERATIFIED

City of Rockport City Council Agenda September 10 2024

Windstorm Insurance Policy Ratified with GSM Insurers

Not to exceed $471,697.67City of RockportGSM INSURERSSeptember 10, 2024

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Description

The City Council ratified a windstorm insurance policy with GSM Insurers for an amount not to exceed $471,697.67 for the 2024-25 term, reflecting a 15% premium reduction from the prior year. The policy was bound prior to expiration of the previous coverage.

Contract Details

Contract Amount

Not to exceed $471,697.67

Vendor

GSM INSURERS

Agency

City of Rockport, AR

Contract Type

INSURANCE

Document Date

September 10, 2024

Contract Term

2024-2025 policy year

Renewal Date

2025-08-27

Renewal Info

Annual insurance policy. Premium and carrier subject to annual renewal process and council ratification.

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