CULLMAN — After sustaining the kind of damage Cullman County did on April 27 of this year, a subsequent jump in insurance premiums for future coverage periods would seem inevitable.
But for the county’s standing liability insurance policy, the tornado didn’t do much damage — at least, not to the county’s pocketbook.
The county commission reviewed its 2012 increase in liability coverage at its regular meeting last week, and was happy to find out its premium didn’t climb even one percent from 2011 to 2012.
“It was only a $4,000 increase over last year’s premium,” said county administrator Gary Teichmiller. “That’s real good, considering the kinds of losses we had in the tornado.”
Indeed, $4,000 represents a very modest increase — just .92 percent — on a policy whose liability premium payment for 2012 will be $435,915.