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Also oetore estimates can be secured, Eastham noted that the superintendent has to prepare “a bullet-proof and complete loss history for the last five years for this school division.”
He described Rappahannock's record as “excellent,” adding that this past history will definitely have an effect on the rates and premiums charged the school division.
In view of what needs to be done on reevaluation of the school’s insurance package before Estabrook’s March 16 deadline for budget estimates, the Wakefield District representative recommended going one more year with present agencies and underwriters with the following changes:
—switch from cash value to replacement value on property coverage,
—expansion of the fidelity bond which ensures "the honesty of school employees” to cover all staff members who handle more than $500 per year,
—unspecified adjustments to the boiler and machinery policy. (Noting past events at the high school and recent boiler problems at a new school in W'arrenton, Eastham said he is "damn near terrified with that risk.”) — raise deductible amounts. Eastham and Lane were authorized to continue their investigation and evaluation of the school division’s insurance portfolio and, in the meantime, to bring recommendations to the March board meeting on
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