City of St. Joseph Council Work Session Minutes May 2026
City Reviews APIP Property Insurance Coverage
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Description
The City of St. Joseph maintains property insurance coverage with APIP for the 7-1-2025/2026 term at a premium of $804,812, featuring a $100,000 deductible and $400 million in coverage limits. This policy was reviewed in the context of the proposed 2026-2027 fiscal year budget.
Contract Details
Contract Amount
Premium: $804,812
Vendor
APIP
Agency
St. Joseph Area Transportation Study Organization, MO
Contract Type
INSURANCE
Document Date
May 5, 2026
Contract Term
7-1-2025/2026
Renewal Date
2026-07-01
Renewal Info
Property insurance policy in effect for the 7-1-2025/2026 term with $100,000 deductible and $400,000,000 limits; renewal options not specified.
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