Robert Reim School Insurance Newsletter

Market Conditions You can expect to pay more for insurance again this year. We suggest that you consider budgeting for these increases:

Auto 10% – 15%

Liability 5% – 10%

Property 15% – 20%

Cyber 50% – 100%

Some districts saw a 40% increase in Property insurance this year. Comparing premiums does not show the correct picture, because exposures (values, vehicles, ADA) vary. Only rates give an accurate picture of the cost adjustments. Calculate rates (Premium divided by Exposure). To see the true increases, divide the renewal rate by the current year rate and subtract 1.

Robert V (