| Conneaut Area City School District |
| Bylaws & Policies |
8710 - PROPERTY INSURANCE
The Board of Education recognizes its responsibility to keep all insurable property of this School District, real and personal, insured for its replacement value against loss or damage by fire and has adopted as policy the extension of that coverage to theft, water damage, glass breakage (limited), explosion, boiler damage, smoke, and windstorm.
The Board shall invite sealed bids for buildings and contents insurance and may reject any or all bids received. In placing the insurance coverage, the Board shall be guided by:
| A. | the price of such coverage, | |
| B. | the ability of the insurer to meet prescribed obligations promptly and fully, | |
| C. | the reputation and past performance of the agent of the insurer, and | |
| D. | the desirability of distributing the insurance coverage of the District through one insurance broker only. |