MTD Property Insurance Renewal with AGCS Proposed
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Description
Santa Barbara MTD staff recommends renewing commercial property insurance with AGCS Marine Insurance Company for coverage from May 24, 2025 through May 24, 2026 at a cost not to exceed $47,952. The policy provides blanket building, contents, EDP, and business income coverage for MTD facilities.
Contract Details
Contract Amount
Not to exceed $47,952
Vendor
AGCS MARINE INSURANCE COMPANY
Agency
Santa Barbara Metro Transit Dist, CA
Contract Type
INSURANCE
Document Date
May 6, 2025
Contract Term
May 24, 2025 – May 24, 2026
Renewal Date
2026-05-24
Renewal Info
Proposed annual renewal of commercial property insurance for 2025-26; property rate remains flat at $0.23 while total insured values increased due to facility improvements.
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