city_council_committee_of_the_whole_meeting_agenda.pdf
City Plans Renewal with Alliant Property Insurance Program
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Description
Elgin staff recommends renewing property, inland marine, and cyber liability coverage with the Alliant Property Insurance Program for $711,196 for the July 1, 2025 to June 30, 2026 policy year. The renewal reflects a 3% premium decrease and includes extensive property and cyber liability protections.
Contract Details
Contract Amount
$711,196 (alternate quote $696,916 with higher deductible)
Vendor
ALLIANT PROPERTY INSURANCE PROGRAM
Agency
City of Elgin city, IL
Contract Type
INSURANCE
Document Date
December 17, 2025
Contract Term
July 1, 2025 through June 30, 2026
Renewal Date
2026-06-30
Renewal Info
Annual property insurance renewal with APIP; current policy term is July 1, 2024 through June 30, 2025, and the proposed action renews coverage for July 1, 2025 through June 30, 2026 with an option to select a higher deductible for a lower premium.
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