Commercial insurance proposals reviewed by Royal council
Committee to make final decision after meeting with agents
March 17, 2022
Commercial and property insurance proposals were considered by the Royal City Council at its meeting on March 9.
Spencer Insurance Services submitted quotes from two insurance companies. The quote from EMC Insurance Companies, the current carrier, is $15,468; coverage through Iowa Communities Assurance Pool was quoted at $11,927 plus a maximum of $2,603 for worker’s compensation insurance, bringing the total to $14,530.
Community Insurance in Spencer submitted a quote from Iowa Municipal Insurance, Ltd. for $13,221. According to discussion, that proposal suggested increasing coverage beca...