Village sticks with Ohio Plan liability coverage

By LENNY C. LEPOLA

News Assis­tant Man­ag­ing Editor

Dur­ing last Wednesday’s (Feb­ru­ary 20) Sun­bury Vil­lage Coun­cil meet­ing coun­cil mem­bers voted to con­tinue with the Village’s Ohio Plan Gen­eral Lia­bil­ity prop­erty and casu­alty insur­ance cov­er­age, even though a Wells Fargo prod­uct offered by Rob Beglin would have been $5,000 cheaper.

Dur­ing a Finance Com­mit­tee meet­ing ear­lier in the evening, Beglin and the Village’s cur­rent prop­erty and casu­alty bro­ker, Sharon Doughty of Rein­hart, Wal­ters & Dan­ner, were in cham­bers mak­ing their respec­tive pitches for vil­lage busi­ness. Beglin said Wells Fargo would cover the vil­lage for $34,900, Doughty said the Ohio Plan cov­er­age would cost $39,000 and change.

Both com­pa­nies offered $11 mil­lion in aggre­gate insur­ance cov­er­age, but coun­cil mem­bers were con­cerned about the num­ber of $1,000 up-front deductibles for Wells Fargo claims.

Ask­ing whether or not coun­cil mem­bers wanted to switch providers, Sun­bury Mayor Tommy Hat­field noted that Wells Fargo required a $1,000 deductible on almost every poten­tial claim; adding that the up front $5,000 sav­ings would be lost with a few small claims against the village.

“You can pay on the front end, or you can pay on the back end,” Hat­field said.

Coun­cil mem­bers Jen­nifer Witt and Len Weath­erby both agreed with Hatfield.

Coun­cil mem­ber Tom Zalewski was in favor of sav­ing the $5,000 up front, and made a motion to accept the Wells Fargo plan; nobody offered a sec­ond to Zalewski’s motion.

Witt motioned to stick with Rein­hart, Wal­ters & Dan­ner and the Ohio Plan; Weath­erby sec­onded the motion.

Coun­cil mem­bers approved the motion five votes to one, with Zalewski offer­ing the dis­sent­ing vote.

Posted by Gary Henery on Feb 27 2013. You can follow any responses to this entry through the RSS Feed. Both comments and pings are currently closed.