council renews insurance premium at 9.5% increase
Kincardine's municipal insurance premium has gone up by almost 10
per cent, but with an explanation.
15/04/2009 08:54 PM
She told council that Jardine is still reviewing whether it will provide
full coverage under the current municipal policy for the Tiverton Old
Boys Reunion as is, with conditions, or whether it will require a
separate policy with a separate premium. Further information will be
presented to council.
In the final analysis, the renewal represents a 9.5-per-cent increase, but of this, three per cent is due to a catch-up on under-billing from last year, 1.6 per cent is due to extra coverage last year, and 4.9 per cent represents the municipality's claims experience.
had recommended the renewal be held until the April 8 council meeting,
but councillors preferred to approve it immediately so they were not
without insurance for a week.
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