HomeMy WebLinkAboutResolution - 2012-R0343 - Purchase - Airport And Non-Owned Aircraft Liability Insurance - Ace Insurance Co - 09_13_2012r-- —
Resolution No. 2012-RO343
September 13, 2012
Item No. 5.20
RESOLUTION
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF LUBBOCK:
THAT the City Manager of the City of Lubbock is hereby authorized and directed
to purchase for and on behalf of the City of Lubbock, airport and non -owned aircraft
liability insurance coverage from Ace Property and Casualty Insurance Company, for a
premium amount not to exceed $24,469.00; and
THAT the City Manager may execute any routine documents and forms
associated with said insurance coverage.
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Passed by the City Council this September 13, 2012
GL OC.RO TSON, MAYOR i
ATTEST:
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Re eca Garza, City Secretar
APPROVED AS TO CONTENT:
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Quinc�Whie sistant City Manager
APPROVED AS TO FORM:
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Chad Weaver, Assistant City Attorney
RES.Risk Mgmt-Ace Property & Casualty Ins
August 21, 2012
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Resolution No. 2012—RO343
Wells Fargo Insurance Services
a um
INSURANCE AGENCY
AIRPORT OWNERS & OPERATORS LIABILITY
Insurance Company Ace Property & Casualty Insurance / Ace
A+ XV - AM Best - Admitted Carrier
Effective Date: 10-01-12 to 10-11-13
COVERAGE
Limits of Insurance:
$ 50,000,000
$ 50,000,000
$ 50,000,000
$ 50,000,000
$ 250,000
$ 10,000
$ 50,000,000
$ 50,000,000
$ 50,000,000
$ Included
$ NIL
Products -Completed Operations, Annual Aggregate
Advertising & Personal Injury Aggregate
Malpractice Annual Aggregate
Extended Coverage - Ware, Hi -jacking and Other
Perils - AnnuaI Aggregate
Fire Damage Limit - Any One Person
Medical Expense - Any One Person
Hangarkeeper not "in flight" - Any One Occurrence
Hangarkeeper not "in flight" - Any One Aircraft
Non -Owned Aicraft Liability
Terrorism
Deductible
Exclusions
War, Hi -jacking, Noise, Pollution and other perils exclusion clause
Subject to
90 Days notice of cancellation, non -renewal or reduction in coverage by
Insurer, but
10 Days notice for non-payment of premium.
This information is intended to he reviewed h} the representatives for the entity and no other parties. Review h} persons
other than the entity's representatives is prohibited. Like«Zse, dissemination or coping of this document or the information
contained herein to persons other than the entity's representative is also prohibited.