PROPERTY INSURANCE

This contract is for property insurance for the Amarillo Independent School District. The district is seeking bids for insurance coverage, and there are at least three options being considered. The contract details, including the start and end dates, are not explicitly stated. The scope of work includes providing insurance coverage for the district's properties. Key features of the contract include the premium costs, deductible amounts, and policy limits. • The contract has multiple options with different premium costs, ranging from $795,451 to $1,856,730. • The deductible amounts vary, with some options having a 2% or 3% deductible and others having a $100,000 or $250,000 deductible. • The policy limits range from $250,000,000 to $500,000,000. • The contract includes coverage for wind/hail damage, ordinance and law, and other perils. • The district is seeking a recommendation for the best option based on the contract details.