City of Nederland City Council Meeting Agenda March 2026
Victor Insurance Selected for $639K Windstorm Policy
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Description
The Nederland City Council awarded the 2026 windstorm insurance coverage to Victor Insurance Managers for $639,599, securing a $50 million loss limit with a $25,000 deductible. The selection of Option 2 delivers almost $300,000 in savings compared to last year’s premium.
Contract Details
Contract Amount
$639,599
Vendor
VICTOR INSURANCE MANAGERS
Agency
City of Nederland, TX
Contract Type
INSURANCE
Document Date
March 9, 2026
Contract Term
One-year windstorm coverage for 2026 storm season (implied annual policy)
Renewal Date
2027-02-23
Renewal Info
Annual windstorm insurance policy; future renewals to be determined based on subsequent proposals.
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