Santa Barbara MTD Board of Directors Regular Meeting Agenda Packet June 2025
MTD Renews Property Insurance with AGCS Marine
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Description
The Santa Barbara MTD Board approved renewal of its commercial property insurance with AGCS Marine Insurance Company for May 24, 2025 through May 24, 2026, in an amount not to exceed $47,952. The action authorizes staff to bind coverage to protect district facilities and assets.
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
June 3, 2025
Contract Term
May 24, 2025 through May 24, 2026
Renewal Date
2026-05-24
Renewal Info
Renewal of existing commercial property insurance policy for a one-year term, with a not-to-exceed premium of $47,952.
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