Cape Girardeau County leaders buy terrorism insurance

Cape Girardeau County leaders buy terrorism insurance
By: Ryan Tate
CAPE GIRARDEAU COUNTY, Mo. - Most people assume another terrorist attack will hit a major United States city and that the Heartland is probably not a target.  But Cape Girardeau County Leaders are not taking any chances.
The County Commissioners agreed to pay more than $2,000 for terrorism insurance on seven county buildings. County leaders estimate the buildings are worth $20 million.
"We felt it was the last bit of liability package we were missing. And for the price, we decided it was a value to taxpayers," Presiding Commissioner Gerald Jones said.
Jones says county leaders have been discussing the insurance idea for the past few years, since the federal government made it mandatory for insurance companies to offer terrorism insurance after the 9-11 attacks. Jones says the initial premium was about $25,000. The County already has insurance protection for buildings in case of tornados, earthquakes, or flooding.
"A terrorist attack in Cape Girardeau County? Sure it's a long shot, but 'what if?' We were willing to take that risk for $2,000," Jones said.
The insurance went into affect January 1st. Jones says it will not mean higher taxes.