City of Danielsville lowers property insurance premiums

Danielsville city officials have shaved almost $3,000 off of annual city property insurance premiums.

Mayor Todd Higdon said city hall staff and insurance adjusters have gone over property and equipment “line item by line item” to determine what their insurance needs are. Higdon said many discrepancies were found, with some things having “double coverage” or having too much coverage, while other property and equipment were insufficiently covered.

For example, city clerk Susan Payne said the city’s lift stations were grossly under covered, while an antique fire truck the city uses in the Colbert Independence Day parade was “over-covered,” costing the city $1,600 per year. That premium has been reduced to $55 per year. Payne said other things, such as city hall, which has about $3 million in coverage right now, could be adjusted downward once an appraisal is done.

The city is also selling off a list of surplus equipment through sealed bids. Higdon said anyone wanting to view the equipment through Monday, July 11, could stop by the maintenance building from 8 a.m. to 3:30 p.m. to view it. Bids will be opened at the business meeting on Monday, June 11.