town_of_broadalbin_regular_monthly_meeting_minutes.pdf
Town Renews Municipal Insurance With NYMIR
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Description
The Town of Broadalbin is renewing its comprehensive municipal insurance package with New York Municipal Insurance Reciprocal for the 9/1/2025–9/1/2026 term at an estimated premium of $42,255.96. Coverage includes property, automobile, general liability, crime, public officials, law enforcement, and excess liability with up to $3 million per occurrence.
Contract Details
Contract Amount
$42,255.96 (total estimated renewal premium)
Vendor
NEW YORK MUNICIPAL INSURANCE RECIPROCAL
Agency
Village of Broadalbin, NY
Contract Type
INSURANCE
Document Date
September 9, 2025
Contract Term
9/1/2025 to 9/1/2026
Renewal Date
2026-09-01
Renewal Info
Insurance program renewed for the 9/1/2025–9/1/2026 policy year with increased overall premium compared to the prior term. Future renewals are expected annually around September 1 based on updated quotes and coverage needs.
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