The Board of Education recognizes its responsibility to keep all insurable property of this School District, real and personal, insured for its replacement value against loss or damage by fire and has adopted as policy the extension of that coverage to theft, explosion, boiler damage, smoke, and windstorm.

The Board shall invite sealed bids for buildings and contents insurance and may reject any or all bids received. Such bidding may be done by a legitimate consortium such as SEOVEC or OSBA.