Property Insurance

The Wichita Falls Independent School District issued a Request for Proposal (RFP) for property insurance, and after receiving proposals from several vendors, the district decided to exercise the renewal option with their current provider, Higginbotham. The contract is for a period of three years, with the option to renew for two additional one-year periods. The district reserves the right to reject any or all proposals and to waive technicalities. The contract includes specifications for the type of insurance coverage required, the premium payment terms, and the requirements for the vendor. • The contract is for property insurance coverage for the Wichita Falls Independent School District. • The contract is for a period of three years, with the option to renew for two additional one-year periods. • The district reserves the right to reject any or all proposals and to waive technicalities. • The contract includes specifications for the type of insurance coverage required, the premium payment terms, and the requirements for the vendor. • The vendor must have an A-VIII or better rating and a Best's policyholder rating. • The vendor must provide a quarterly report of all claims and information. • The district will review all proposals for completeness and will evaluate them based on factors such as cost, coverage, and vendor experience.