Faribault Public Schools Budget FY 2026-2027 Adopted Budget 2026-06-15
Selective Insurance Property & Casualty Policy Renewed for FY27
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Description
Faribault Public Schools renewed its property and casualty insurance policy with Selective Insurance for FY27 at a total premium of $368,280. The renewal was made in partnership with Heartman Insurance as broker.
Contract Details
Contract Amount
$368,280 (Property & Casualty premium)
Vendor
SELECTIVE INSURANCE
Agency
Faribault Public School District, MN
Contract Type
INSURANCE
Document Date
June 15, 2026
Contract Term
FY26–FY27 (policy year)
Renewal Date
2027-06-30
Renewal Info
Annual policy renewal; prior year premium was $335,319. Policy reviewed and adjusted for property value and market conditions.
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