Schools › School Board meeting of Jun 9, 2025
Approved the 2025-2026 property insurance renewal for District buildings and contents, not to exceed $4,304,114, with a $323,575 premium reduction.
The vote: 5-0
Voted on as part of the consent agendaA group of routine items the Board votes on together with one motion. Any commissioner can pull an item out to discuss and vote on it separately. County Commission agendas (CivicClerk portal), one motion for several items (approval of the Consent Agenda items 8.01 through 10.07).
From the School Board's official minutes.
Money, as the agenda lists it: Not to exceed $4,304,114 to Capital Fund Transfer
In plain words
Renewal of the District's property insurance program for 2025-2026, covering owned and leased buildings, contents, equipment, and other risks.
What changes The Board approved the renewal with the same $75M in coverage and $100k retentionA yes-or-no vote on whether an appeals or Supreme Court judge keeps the seat for another term. There is no opponent on the ballot. Florida Constitution, Article V, Section 10 as the expiring policy.
Who and the money Applies to Lake County Schools; not to exceed $4,304,114 to Capital Fund Transfer, with a premium reduction of $323,575.
Stated reason (staff, quoted): "Due to improved market conditions and a strong focus on mitigating additional damages during Hurricane Milton, LCS will be receiving a reduction in Premium of $323,575"
Why (staff, quoted) "The Property Insurance program includes coverage for LCS owned and leased buildings, their contents, inland marine equipment, boilers/machinery, Terrorism, Crime, and Pollution."
Paid from Capital Fund Transfer
Written from the Board's minutes and the agenda item's staff text on BoardDocs, checked by script: every number appears in the record. Agenda on BoardDocs
From the record
Property Insurance Renewal 2025-2026Lake County Schools agenda, Jun 9, 2025, item 8.15. Open the agenda on BoardDocs
I recommend the Board approve the Property Insurance program for 2025-2026.
The Board's minutes record this item as approved, by a vote of 5-0.School Board minutes, Jun 9, 2025. Open the official document
The rest of this meeting
- Previous item: Approved the 2025-2026 casualty insurance renewal for $1,183,628 from the Insurance Fund, covering liability, auto, and workers' compensation.
- Next item: Approved the updated Take Stock in Children agreement with The School Board of Lake County, Florida, which defines each party's responsibilities.
- All items from Jun 9, 2025