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UTILITY BOARD APPROVES RENEWING WINDSTORM COVERAGE

04/09/2015 ~ The Utility Board approved renewing Keys Energy Servicesí (KEYS) windstorm insurance coverage with Citizenís Property Insurance Corporation, at a cost of $106,645.00, at their regular meeting on April 8th. The renewal period is for May 1, 2015, through April 30, 2016.

The policy covers KEYSí owned non-generation properties at its Stock Island facility up to a limit of $1-million per building and contents combined, with a three-percent deductible. Citizenís Property Insurance Corporation was the only insurance company to offer windstorm insurance for non-generating properties. This yearís premium represents an increase of $10,434.00, or 10.8-percent, above the previous year.

The regular meeting of the Utility Board took place at 5:00 p.m., Wednesday April 8th, in the Florida Keys Aqueduct Authority Board Room, 1100 Kennedy Drive, Key West.

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