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R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
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R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
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9/29/2020 10:40:30 AM
Creation date
9/29/2020 10:40:21 AM
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Resolution/Ordinance
Res Ord Num
R2020-125
Res Ord Title
R2020-125 Resolution Authorizing Property and Liability Insurance Coverage for the City of Decatur Illinois for the Policy Period October 1, 2020 to October 1, 2021
Department
Finance
Approved Date
9/21/2020
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City Of Decatur Gallagher <br /> •CORE 30m <br /> Coverage: Auto Physical Damage <br /> Carrier: Hanover Insurance Company <br /> Policy Period: 10/1/2020 to 10/1/2021 <br /> Coverage: <br /> Loss Limit —Max Per Occurrence—Scheduled Locations $20,180,855 <br /> Max Per Occurrence-Locations Not Scheduled $250,000 <br /> Wind/Hail $20,180,855 <br /> Flood -Maximum for Wderate Hazard zones $1,000,000 <br /> Flood —Non Hazard Zone $20,180,855; Max $10,000,000 Aggregate <br /> Flood — 1800 S. Route 51 and 2760 N. 22m Street $5,000,000 Maximum Aggregate <br /> Earthquake $20,180,855; Max $10,000,000 Aggregate <br /> New ly Acquired Sublimit -applies to covered property $250,000 <br /> Deductibles/Self-Insured Retention <br /> Deductible Deductible $100,000 F!r Occurrence <br /> Exclusions include,but are not limited to: <br /> Excluded Drivers <br /> Expected or Intended Injury <br /> Contractual <br /> Workers' Compensation <br /> Employers' Liability <br /> Property Damage to Property Ow ned or Transported by you <br /> Flood -Excluding all High Hazard Zones <br /> Over the Road Coverage <br /> Other Significant Terms and Conditions/Restrictions: <br /> Valuation: ACV <br /> Coverage is based off a schedule of assets reported totaling $20,180,885 in values —See attached SOV. <br /> New ly Acquired Sublimit of$250,000 applies to covered property. Any single asset in excess of$250,000 must be reported to <br /> the underw riter midterm for review <br /> Auto Disclaimer: <br /> 27 <br /> • <br />
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