INSURANCEAPPROVED

Woodridge SD #68 Large Deductible Option Agreement 2026-06-03

Large Deductible Insurance Agreement Approved with SELF

$66,310 (total net LDO deposit), $1,500 administrative fee, $40,000 loss fund deposit, with replenishment as triggeredWoodridge SD 68SCHOOL EMPLOYEES LOSS FUNDJune 3, 2026

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Description

Woodridge SD #68 approved a Large Deductible Option agreement with the School Employees Loss Fund (SELF) for liability coverage effective July 1, 2026 through June 30, 2027. The contract features a $100,000 deductible, an initial net deposit of $66,310, a $1,500 administrative fee, and a $40,000 loss fund deposit with replenishment requirements.

Contract Details

Contract Amount

$66,310 (total net LDO deposit), $1,500 administrative fee, $40,000 loss fund deposit, with replenishment as triggered

Vendor

SCHOOL EMPLOYEES LOSS FUND

Agency

Woodridge SD 68, IL

Contract Type

INSURANCE

Document Date

June 3, 2026

Contract Term

July 1, 2026 - June 30, 2027

Renewal Date

2027-06-30

Renewal Info

Contract effective for one year; may end earlier when claims are closed or upon nonpayment/other triggers. Renewals depend on subsequent board action and SELF program offers.