It is proposed to renew a number of non-Zurich Municipal Insurance Policies for a period of 1 year commencing on 1 October 2024. The current arrangement in place with the relevant insurers was based on an initial 3 year agreement with the option to extend for up to 2 years. This commenced in 2021, with this year therefore being the first year to decide on whether to exercise the option to extend or not.
The renewal prices provided by the relevant insurers are felt to still provide value for money as set out in the separate report and so it is proposed to extend cover for at least a further year to 30 September 2025.