City needs to answer questions concerning self-insurance issue
To the editor:
Even though I spent 33 years in the insurance business, I do not consider myself as expert, claim to know everything, or pretend to be perfect. After all, it is no crime not to be perfect, and no man knows less than the man who knows it all. I probably have forgotten more than I’ve learned; consequently I ask many questions.
A teacher once told me that no stupid questions exist; only stupid answers. With hurricane season upon us, I feel compelled to ask many questions regarding insurance. I understand the city of Cape Coral is “self insured.” Correct? Since the city is comprised of us, the residents and taxpayers, we are responsible. Correct? Self insured: for physical damage only? How about liability? Any “catastrophe insurance?”
If so, what’s the definition of catastrophe and the limits? How about flood insurance?
Its a frightening thought that we may have to fork-over millions of dollars. One slide alone, from what I understand, at Sun Splash could cost as much as $1.6 million.
How about all the rest of the government buildings and vehicles? How about lawsuits from accidents?How much money is set aside for these unforeseen possibilities?
Where do we find these figures in the budget? How much money did the city save by being “self-insured” over the last 10 years?
Were the savings put aside into a special account? Just in case? Don’t you want to know? It’s your city and your money.
I asked all these questions at the May 4, city council meeting (three minute citizens input). Councilwoman Bertolini gave me the third degree. Too many questions! Really? How about the money it could cost us? The city manager said something to the affect that $33 is the cost of actual insurance per vehicle. What does that mean? $33 per day? per week? per month? For what coverages Personal injury protection only? How about liability? Uninsured motorist? Do we get stuck with them? Think about it!! The next time you talk to your insurance agent, ask how much coverage you can get for $33. I’m sure he will find a policy for you.
Since I asked too many questions, and obviously received no answers, you need to contact your council representative. It’s your money!
You deserve answers from your public servants. If you get “answers to all these questions,”call me. Please. I’m in the phone book.
Erick Kuehn
Cape Coral