Windstorm Insurance Policy Ratified with GSM Insurers
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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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