City insurance reviewed; agent warns ISO rating change could lift premiums

Brad Antonson of Jensen Insurance conducted the council’s annual insurance review, telling the Jefferson City Council that the city’s property insurance is placed with EMC and that replacement values have risen "due to inflation, cost of materials and labor costs," the minutes report.

Antonson recommended that once the deed to 503 Main Street is in the city’s name it be added to the general-liability portion of the policy until sale. He also urged the council to complete an updated ISO fire-rating survey (the December minutes included partial survey information) because a rating change could increase homeowners’ insurance premiums; he cited national loss-ratio pressures that could drive increases in the 10–15% range. Antonson outlined optional umbrella coverage increases and the associated premium impacts, and flagged that renters or groups who use the community center should provide certificates of liability insurance naming the city and fire department as additional insured.