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INSURANCERATIFIED

City of Rockport City Council Regular Meeting Agenda September 10 2024

Windstorm Insurance Policy Ratified with GSM Insurers

Not to exceed $471,697.67City of RockportGSM INSURERSSeptember 10, 2024

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Description

The City Council ratified a windstorm insurance policy with GSM Insurers for the 2024-2025 policy period, with a premium not to exceed $471,697.67, reflecting a 15% price reduction compared to the prior year.

Contract Details

Contract Amount

Not to exceed $471,697.67

Vendor

GSM INSURERS

Agency

City of Rockport, AR

Contract Type

INSURANCE

Document Date

September 10, 2024

Contract Term

2024-2025 policy year (policy period approximately one year, beginning August 27, 2024)

Renewal Date

2025-08-27

Renewal Info

Windstorm policy renews annually; subject to re-quote and Council ratification in future years.

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