After trustees voted to change the Community Library Network's insurance policies, the insurer they sought to contract with has declined coverage, citing current unresolved claims.
While two libraries remain closed due to catastrophic water damage, Community Library Network trustees are poised to make costly changes to CLN’s insurance policies.
If no other quotes come in before Friday, library trustees will accept insurance quotes from Wright Specialty Insurance and American Family Insurance and cancel current policies with the Idaho Counties Risk Management Program and the Great American Insurance Group. These changes will nearly double the library network’s insurance costs.
Trustees voted down a motion that would have bound the Community Library Network to another insurance provider and brought the district over budget during an emergency meeting Thursday evening at the Post Falls Library.
The Community Library Network may not have liability insurance coverage as early as Sunday.
Trustees considered their options during a meeting Wednesday, including the possibility of a 24-hour emergency notice to close all libraries in the district if insurance is not in place by the time the library network’s existing policy through the Idaho Counties Risk Management Program expires at midnight Saturday.