Town of Coventry Audit Engagement Letter January 2024
Town Maintains Insurance Coverage And Receives VLCT Claim Payout
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Description
Coventry maintains property and casualty insurance coverage through VLCT, with annual premiums budgeted within the insurance accounts and a noted $32,447.96 claim payout for a truck fire. This relationship provides ongoing risk protection and claims support for the town.
Contract Details
Contract Amount
$32,447.96 (insurance payout related to truck fire); property & casualty premiums included within $31,000 (budget FY2023), $33,000 (budget FY2024), $17,000 (budget FY2025) for account 100-10-2520-521.00
Vendor
VLCT
Agency
Coventry Fire District 1, VT
Contract Type
INSURANCE
Document Date
January 19, 2024
Contract Term
Ongoing membership and insurance coverage
Renewal Info
VLCT insurance coverage is renewed annually through the budgeted insurance line and membership; specific policy terms are not detailed in the report.
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