PREVIEW: Alvin ISD trustees to consider property insurance for FY 2026-27

Alvin ISD’s board of trustees will consider the district’s property insurance, with a recommendation for a premium cost of over $5.4 million, at its June 23 meeting.

The overview

District officials are recommending the board award the 2026-27 property insurance to Houston-based firm Arthur J. Gallagher Insurance, according to district documents.

If approved, the estimated premium would decrease by nearly $430,000, as the district’s premium cost for fiscal year 2025-26 was over $5.875 million, according to district documents.

Diving in deeper

The reduction is due to a $0.015 decrease in the property insurance rate, which will decrease from $0.267 to $0.25 per $100 of total insured value, or TIV.

AISD’s TIV is decreasing by over 0.8% due to Walt Disney Elementary no longer needing to be insured, district documents note.

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Stay tuned

AISD’s trustees will meet for a special meeting at 5:30 p.m. June 23 at the Tommy King Administration Building, located at 301 E. House St., Alvin.