City of Hammond Insurance Proposal and Summary of Coverages May 2026
Commercial Property Insurance Proposal for City Assets
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Description
Stiel Insurance Services has proposed commercial property insurance for the City of Hammond for May 1, 2026 through April 30, 2027 at an annual premium of $327,234.22. The policy covers over $47 million in property value with wind and named storm deductibles and replacement cost coverage.
Contract Details
Contract Amount
$327,234.22
Vendor
STIEL INSURANCE SERVICES
Agency
City of Hammond, LA
Contract Type
INSURANCE
Document Date
April 29, 2026
Contract Term
May 1, 2026 – April 30, 2027
Renewal Date
2027-04-30
Renewal Info
Proposed annual commercial property policy for 05/01/2026–04/30/2027; renewals would be subject to new rates and terms.
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