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R2019-144 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur, Illinois for the Policy Period October 1, 2019 to October 1, 2020
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R2019-144 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur, Illinois for the Policy Period October 1, 2019 to October 1, 2020
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10/2/2019 5:46:48 PM
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10/2/2019 5:46:10 PM
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Resolution/Ordinance
Res Ord Num
R2019-144
Res Ord Title
R2019-144 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur, Illinois for the Policy Period October 1, 2019 to October 1, 2020
Department
Finance
Approved Date
9/23/2019
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City Of Decatur .��� Gallagher <br /> -•�CORE 360� <br /> Exclusions include,but are not limited to: <br /> . • <br /> ' Earth Movement Exclusion <br /> , Flood Exclusion <br /> �, Government Action Exclusion <br /> ' War Exclusion <br /> ' Nuclear Hazard, Power Failure <br /> , Endorsement"Protection of Property Expense-Exclusion and Underlying Insurance Limitation"applies ' <br /> Exclusion-"Certain computer related losses due to dates or times"applies. , <br /> ! Exclusion of Nuclear Hazard, Fungus,Wet Rot, Dry Rot and Bacteria,War, Military Action, Electronic Vandalism and <br /> Pathogenic or Poisonous Biological or Chemical Materials <br /> Exclusion-"Loss Due to Virus or Bacteria"applies <br /> , "Frame"builder's risk projects are excluded <br /> ___ .. .. _ _. .. .. _ .... . . _ _ _ <br /> Binding Requirements: <br /> . � <br /> ! Subject to complete vehicle schedule including values per vehide. <br /> , Subject to a copy of the completed primary policy for our review and acceptance within 60 days of the effective date of coverage <br /> � _.. ... <br /> _ _ __ . . .... <br /> Other Significant Terms and Conditions/Restrictions: <br /> . � <br /> ', Total Insured Values:The premium herein is based on the TIV reported below and any changes to this TIV could impact the <br /> ', final premium charged. <br /> ' Total: $199,653,430 <br /> ' Rating basis of$0.03438 per$100 of TIV <br /> Locations Insured/Coverage Limitations: <br /> Various US locations per the Statement of Values on file with the company. <br /> Coverage will be written by Travelers on an admitted basis. <br /> This coverage is subject to a 125.00%Margin Clause applied per location to: Bldgs./BPP/Rents <br /> This coverage is subject to 90 days' notice of cancellation except 10 days for non payment <br /> Premium $68,641.00 <br /> ESTIMATED PROGRAM COST $68,641.00 <br /> TRIA/TRIPRA PREMIUM $0.00 <br /> (+Additional Surcharges,Taxes and Fees as applicable) <br /> Subject to Audit: N/A <br /> ,:����� <br /> ;�.; <br /> ��:` <br /> �.,,,. <br /> ,� '"ti'.�.4Y��q.v: <br /> � ,.f '." S�:^...... <br /> ,�M�ri <br /> 23 � i.�����..�.r�;k;, <br /> � �f <br /> ��-;�p ��r:. <br /> ,� .���4 <br /> ,.. .,..�,��r� , � . . �.�`; <br />
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