Local · Trusted · Free
The Morning Impact — your neighborhood's most important stories, delivered every morning.
Alvin ISD’s board of trustees approved a property insurance premium cost of over $5.4 million at its June 23 meeting.
The new cost has dipped by nearly $430,000 compared to the rate approved for the 2025-26 fiscal year.
The gist
This premium reduction is largely due to a $0.015, or 5.5% decrease in the property insurance rate, according to district documents.
The district’s total insured values, or TIV, is over $2.14 billion, which is a decrease of last year’s TIV of over $2.16 billion, according to district documents.
District documents note the rate adjustment and enhanced benefits are attributed to a “softening global reinsurance market and increased carrier capacity in coastal regions.”
The district was also able to lower the named storm deductible to 3%, as it was previously 5% for the 2025-26 fiscal year, according to district documents.
