Windstorm Insurance Policy Ratified with GSM Insurers
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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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