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R2016-109 ACCEPTING THE BID AND AUTHORIZING A CONTRACT WITH LANCER INSURANCE CO. AND ADMIRAL INSURANCE CO. FOR TRANSIT LIABILITY INSURANCE
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R2016-109 ACCEPTING THE BID AND AUTHORIZING A CONTRACT WITH LANCER INSURANCE CO. AND ADMIRAL INSURANCE CO. FOR TRANSIT LIABILITY INSURANCE
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9/26/2016 10:11:12 AM
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9/26/2016 10:11:07 AM
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Resolution/Ordinance
Res Ord Num
R2016-109
Res Ord Title
ACCEPTING THE BID AND AUTHORIZING A CONTRACT WITH LANCER INSURANCE CO. AND ADMIRAL INSURANCE CO. FOR TRANSIT LIABILITY INSURANCE
Approved Date
9/19/2016
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� � �;�� .D �� ��'�'����;" _ <br /> i ■ i��i ��;� ��a� _ _.. .. .:, F.-� � �= n r, t��.'..,� <br /> _:y� i tek:y 2 ;;^`�i i <br /> .- , 1 <br /> - INSUAANCE :��� � .. . ' , �� <br /> BQNDS �'� j; <br /> .=, s�, �.��,,.�����,�,���,�, ;'g�� SEP a8 201s ��;t <br /> : ; <br /> � � • � � • � <br /> Commercial General Liability 4,733 4,718 <br /> Automobile 136,573 136,573 <br /> Excess Liability 20,740 21,518 <br /> _��.._. <br /> Total Annual Premium: 162,046 162,809 ,� <br /> +763 or FLAT <br /> Lancer Will Handle All Claims- $250 Handling Fee Per Claim Over $100 <br /> (No Cost For Claims That Close Without Payment) <br /> $174,417.50 Letter Of Credit Required For Lancer <br /> Collateral Adjusted At 125% Of Outstanding Reserves Plus 100%Of Non-Recovered Paid <br /> � � i � � <br /> Lancer Insurance—Agency Bill $34,149 Down; (8) Installments <br /> Admiral Insurance (Excess)—Agency Bill $21,518 Down <br /> 10 <br />
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