Property Insurance

This contract is for Property Insurance for the Wichita Falls Independent School District. The contract was awarded to USI Southwest, Inc. The scope of the contract includes providing property insurance for the school district's buildings and properties. The contract has a start date of May 1, 2019, but the end date is not specified. The contract has a total value of $680,953.00. The key features of the contract include: • The contract is for a single year with an option to renew • The contract includes coverage for earthquake, flood, and windstorm damage • The contract has a deductible of $100,000 per occurrence • The contract includes coverage for business interruption and extra expense • The contract has a limit of $50,000,000 per occurrence.