INSURANCEAPPROVED

Prospect Heights School District 23 Finance Committee Meeting Agenda 2026-06-02

Chubb Awarded Builders Risk Policy for Eisenhower Project

$18,333.00 (includes $17,799 premium plus $534 terrorism coverage)Prospect Heights SD 23ACE AMERICAN INSURANCE COMPANY (CHUBB)June 2, 2026

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Description

Prospect Heights School District 23 authorized a builders risk insurance policy with ACE American Insurance Company (Chubb) effective July 1, 2026 through August 15, 2027 for the Eisenhower Elementary School addition project at a total premium of $18,333, including terrorism coverage.

Contract Details

Contract Amount

$18,333.00 (includes $17,799 premium plus $534 terrorism coverage)

Vendor

ACE AMERICAN INSURANCE COMPANY (CHUBB)

Agency

Prospect Heights SD 23, IL

Contract Type

INSURANCE

Document Date

June 2, 2026

Contract Term

July 1, 2026 to August 15, 2027

Renewal Date

2027-08-15

Renewal Info

Policy term is fixed for the construction project; options for extension must be requested in writing before expiration. No automatic renewal; new coverage would require re-authorization for subsequent projects or periods.

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