HomeMy WebLinkAboutCS 18-04?ICKER!NG
REPORT TO
EXECUTIVE COMMITTEE
Report Number: CS 18-04
Date: June 2, 2004
From:
Gillis A. Paterson
Director, Corporate Services & Treasurer
Subject: 2004/2005 Property and Liability Insurance Program
Recommendation:
It is recommended that Report CS 18-04 of the Director, Corporate Services &
Treasurer be received and that;
the City of Pickering renew effective June 15, 2004, its property, liability and other
coverages through the Frank Cowan Company for the period July 1, 2004 to July
1, 2005 inclusive on terms and conditions acceptable to the Director, Corporate
Services & Treasurer;
the Director, Corporate Services & Treasurer, as part of the Risk Management
Program, be authorized to continue the Reimbursable Deductible Program
through the Insurance Adjuster and the Frank Cowan Company and further, that
the Director be authorized to settle any claims including any adjusting and legal
fees within the total deductible limit where it is in the City's interest to do so;
the Director, Corporate Services & Treasurer be authorized to purchase additional
insurance, make changes to deductibles and existing coverages, and alter terms
and conditions as becomes desirable or necessary in order to protect the assets
of the City and it's elected officials and staff; and,
the appropriate officials of the City of Pickering be given authority to give effect
thereto.
Executive Summary: The City's insurance program continues to operate
successfully and the above recommendations provide for a renewal of the policies
basically on the same or improved terms and conditions in the past years which also
provides coverage for the Library, its Board and its employees.
Report CS 18-04 Date: June 2, 2004
Subject: 2004/2005 Property & Liability insurance
Page 2
Financia~ implications: The premium renewal cost has been provided for in the
various cost centers through the approvat of the 2004 budget by Council and the
renewal premium cost is within the 2004 budgeted amount. The City's premium
renewal is currently below the industry renewal trend rate of 15% due to the City's long-
term business relationship with the insurance carriers ("loyalty discount") and due to the
City's claims history. Staff examined increasing the current deductible from $10,000 to
$25,000 but the corresponding savings in premiums did not warrant the additional risk.
Background: Each year on July 1, the City's general liability and property insurance
policies come up for renewal. As approved by Council at the time of the 1998 renewal,
the Treasurer undertook an extensive review of all aspects of the City's insurance
program. The City of Pickering embarked in a Risk Management Program, the initial
phase of which involved negotiating renewing premiums with the City's broker. The
result of the negotiations was a decrease of approximately $75,000 or 20 percent, in
the premiums from that of the prior year. This premium was also approximately
$98,000 less than the 1998 budget provision which, after claims under the increased
deductible were paid, resulted in a transfer of approximately $50,000 to the Self
Insurance Reserve.
From 1999 to 2003, staff have reviewed the deductibles, coverages, policies and
procedures to ensure that the City is financially protected. In 1999 approximately
$92,000 was transferred to the Insurance Reserve as a result of the continued savings.
In 2000 and 2001, the amount of $100,000 in each year was included as a revenue
item in the annual budget. For the 2002 budget, $50,000 was included as revenue
with the balance being used to offset premium increases. The 2003 Budget anticipated
a premium increase and therefore, no savings were transferred to the Self Insurance
Reserve. The 2004 budget anticipated a premium increase based on current industry
trends. As a result the balance of the Reserve at December 31, 2003 was
approximately $940,000.
Recommendation 4 provides the Treasurer with the authority to continue to review and
adjust insurance coverages where appropriate during the year to reflect current market
and business environment conditions. For example, the insurance coverage for boiler
and machinery has been increased from $25.0 million to $50.0 million to reflect current
industry standards regarding this type of insurance. The increased cost (under the
Boiler and Machinery policy), for the additional insurance coverage of $25.0 million is
$666.
Report CS 18-04
Subject: 2004/2005 Property & Liability insurance
Date: June 2, 2004
Page 3
Current External Insurance Environment
The event of September 11, 2001 event and Iow investment returns are still having an
impact on the insurance industry and premiums. Traditionally, investment profits have
been used to subsidize the cost of insurance. Persistently Iow interest rates have
reduced the size and corresponding dollar amount of this subsidy and has placed a
greater importance on the premium side of the insurance business. The chart below
illustrates the loss, premium increase and profit relationship.
Insurance Industry Cycle
. Claim losses translates into price increases
. Prices increases translates into higher profits
The insurance industry is now entering an economic environment where the premium
increases have translated into higher profits, which is being used to offset
losses/claims.
The Value of Lonq~term Business Relationship
After September 11, 2001, the insurance industry was faced with a "hard" market.
Some insurance companies left the municipal field and others demanded substantially
higher premiums. The City found itself in the enviable position of having maintained a
long standing business relationship with the Frank Cowan Company. This long
standing business relationship has translated into lower premium increases or a. loyalty
discount to the City in comparison to those municipalities who left the Frank Cowan
Company and then rejoined in 2002. As the above chart indicates, insurance has
proven to be a cyclical business. The insurance industry has experienced both hard
and soft market conditions ove~' time. With the continued threat of gtobat terrorism and
its impact on political stability and the globaf economic environment it appears that the
Report CS 18-04
Subject: 2004/2005 Property & Liability Insurance
Date: June 2, 2004
Page 4
insurance industry may continue with to be a "some what" difficult and or hard market.
The City is fortunate to have as an asset a long-term business relationship with the
Frank Cowan Company, which as proven to have delivered lower premium increases to
the City.
Attachment 1 provides a "program summary" of the various insurance coverages.
Conclusion
The City's Insurance and Risk Management Programs appear to be working
satisfactory. The City has benefited from its long standing relationship with the Frank
Cowan Company especially during the current "hard" insurance market. Therefore,
renewal through the Frank Cowan Company with our present carriers is recommended.
Attachments:
1. Program Summary of Insurance Coverage
Prepared By:
Start Karwowski
Manager, Finance & Taxation
Approved / Endorsed By:
Director, Corporate Services & Treasurer
GAP:vw
Attachment
Copy: Chief Administrative Officer
Recommended for the consideration of
Picketing City Council
Tho ;' J. eui¢, Chie(~dmi~ti~e Offi~r '
PROGRAM SUMMARY
SUMMARY OF COVERAGES
LIMITS/AMOUNTS
PART A -: CASUALTY,
Municipal Liability
Limit of Protection per occurrence
(No Annual Aggregate Limit)
Third Party Claims Deductible including expenses
Sewer Backup Deductible including expenses
Wrongful Dismissal (defence costs) Limit per claim
Annual Aggregate Limit
Deductible
Voluntary Compensation
Municipal Madna Liability
Malpractice Liability
Errors and Omissions
Limit of Protection per claim
(No Annual Aggregate Limit)
Deductible including expenses
Non-Owned Automobile
Limit of Protection per occurrence
(No Annual Aggregate Limit)
Deductible
Legal Liability for Non-Owned Vehicles (S.E.F. No. 94)
All Perils Physical Damage Limit
Deductible
Environmental Liability
Liability of Protection per claim
Annual Aggregate Limit
Self-insured Retention
$ 25,000,000.
$
$
$
$
$
$
$
$
$
10,000.
10,000.
250,000.
250,000.
5,000.
Included
Included
Included
25,000,000.
10,000.
25,000,000.
10,000.
500,000.
500.
1,000,000.
2,000,000.
10,000.
PROG M SUMMARY
SUMMARY OF COVERAGES
LIMITS/AMOUNT,*;
Comprehensive Cdme
Commercial Blanket Bond
Counterfeit Paper
and Depositors' Forgery
Audit Expense (Sub-Limit $100,000.)
Money and Securities - Blanket any Location
Excess on Securities
$ 2,000,0OO.
Included
Included
Included
$ 100,000.
$ 100,000.
Councillors' Accident
- City Mayor/Regional Councillor, Three Regional Councillors (Durham)/City Councillor,
Three City Councillors and Nine Library Board Members
Accidental Death & Dismemberment (24 Hour a Day Coverage)
(No Annual Aggregate Limit and No Deductible)
Weekly Income - Total Disability
Weekly Income - Partial Disability
$
$
Municipal Conflict of Interest
Percentage of Legal Fees and Expenses
Maximum Limit of Reimbursement per claim
(No Annual Aggregate Limit)
Legal Expense
Percentage of Legal Fees and Expenses
Maximum Limit of Reimbursement per claim
Annual Aggregate Limit
$
$
100,000.
500.
250.
100%
100,000.
100%
100,000.
250,00O.
PROGRAM SUMMARY
SUMMARY OF COVERAGES
~-IMIT~/AMOUNT,.,
PART B;PROPER~
Property Insurance (including Data Processing Insurance)
Total Sum Insured *
Valuable Papers
Accounts Receivable (other than Data Processing)
Extra Expense (other than Data Processing)
Business Interruption
Rent or Rental Value Form
Gross Revenue Form
$ 118,977,800.
$ 5OO,OOO.
$ 500,000.
$ 1,000,000.
$ 500,000.
$ 2,584,500.
Checkroom Liability
Data Processing
System and Equipment
Media
Extra Expense
Fine Arts Form
Exhibition Form
$ 5,000.
$ 1,440,800.
$ 47,000.'
$ 50,000.
$ 2,000.
As Per Lists Provided
Deductible $
Exceptions:
- Checkroom Liability, Fire Trainin9 Trailer, Fine Arts Form & Exhibition Form $
- Peril of Flood $
- Peril of Earthquake, 3% or Minimum $
*Note: Please refer to the insurance contract for an itemized list of assets containing specific limits
of insurance or that are excluded from the policy.
10,000.
1,000.
25,000.
100,000.
PROGRAM
SUMMARY
SUMMARY OF COVERAGES
LIMiTS/AMOUNTS
Boiler and Machinery
Limit per Accident - Comprehensive $
Extra Expense $
Water Damage $
Ammonia Contamination $
Expediting Expenses
Hazardous Substance (including PCB Contamination) $
Business Interruption - Loss of Profits (Gross Revenue)
- All Buildings & Facilities, Greenwood Museum, Picketing $
- Don Beer Arena, W/S Billingham Road, Pickering $
- Swimming Pool, Rear of Dunbarton High School, White Side $
Road at Sheppard Avenue, Pickering, Ontario
- Pickering Recreation Complex, 1867 Valley Farm Road, Pickering $
Spoilage - Goods under Refrigeration $
Professional Fees $
Data and Media $
By-Law Cover
Deductible
50,000,000.
500,000.
500,000.
500,000.
Included
500,000.
94,500.
600,000.
100,000.
1,790,000.
50,000.
500,000.
10,000.
Included
10,000.
PROG SUMMARY
SUMMARY OF COVERAGES
Automobile Fleet
Liability Limit
Deductibles
Section 3 (Third Party)
Section 6 (Direct Compensation)
No Physical Damage applicable to 1951 Antique Pumper (Parades)
All Perils applicable to All Other Vehicles
LIMiTS/AMOUNTS
$ 25,0O0,0OO.
$ 10,000.
$ 10,ooo.
$ 10,000.
Garage Automobile
Third Party Liability Limit
Customer Vehicles
Collision Limit
Deductible
Specified Perils Limit
Deductible
$ 3,000,000.
$ 200,000.
$ 5oo.
$ 300,000.
$ 5oo.
COMPREHENSIVE INSU~NCE
PROGRAM
COVE~GE FEATURES
2004- 2005
PART A
CASUALTY
MUNICIPAL LIABILITY INSURANCE
Features
The Cowan Municipal Program incorporates a comprehensive and broadly worded
liability policy which was designed specifically to meet the needs of municipalities and
their corresponding risks which are quite different and unique from other commercial
risks that are insured under a Commercial General Liability (CGL) policy. When
comparing forms of coverage, it is important to note that unless the coverage is
specifically excluded, it is generally covered, subject to the terms and conditions of the
policy.
· Liability coverage provided for Bodily Injury, Property Damage, and Personal Injury.
· Separate Limit of Liability applies.
· No Annual Aggregate limit is applicable
· Coverage is provided on an Occurrence basis.
· Broad form Definition of Insured applies, including: Councillors, Employees,
Statutory Officers, Firefighters, Volunteers, Boards, Commissions, and Committees.
· Cross Liability is included.
· Coverage applies Worldwide.
The following coverages are included to the full policy limit, unless specified otherwise:
· Employers' Liability
Contractual Liability
· Liquor Liability
· Tenants' Legal Liability
· Sewer back-up Liability
· Professional Liability on an Occurrence basis (e.g. Building Inspection Services,
Medical Malpractice).
· Malpractice Liability
= Watercraft Liability
= Products Liability
· Wrongful Dismissal coverage is included, subject to the limits specified in the
Summary of Coverage pages.
~ No exclusion for sexual, physicai or mental aDuse applies to the entity.
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply.
ERRORS AND OMISSIONS
L ABIL TY INSUR NCE
Features
This is a claims-made policy that protects the municipality from liability imposed upon it
by a court of civil law for compensatory damages because of a wrongful act causing
financial loss to a third party.
Claims for Wrongful Acts causing financial loss to a third party can range from, but are
not limited to, negligence in building inspection, zoning, planning, passing by-laws, failing
to enforce by-laws, to misrepresentation, abuse of power and acting in bad faith.
· Separate Limit of Liability applies.
· No Annual Aggregate limit is applicable.
· Broad form Definition of Insured applies, including: Councillors, Employees, Statutory
Officers, Firefighters, Volunteers, Boards, Commissions, and Committees.
' Administration of Employee Benefit Programs is included to the full policy limit (no
aggregate limit applies).
· Coverage applies Worldwide.
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply.
~r~ni~: Cowa¢~ ,~";ompany Limitad
NON-OWNED AUTOMOBILE INSURANCE
Features
This poficy provides/iabi/ity protection against claims arising out of accidents invoiving
vehic/es not owned by the municipa/ity, but operated on its beha/f.
The main coverage is as per S,P.F, No, 6--Non-Owned Automobile Policy.
A separate limit of liability applies.
Coverage is extended to provide excess automobile liability insurance, to the policy
limit, for Councillors, Board Members, Officers, Employees, and even Volunteers for
claims arising while ddving their own vehicles on municipal business.
Physical damage coverage, as specified in the Summary of Coverage pages, is
provided for the municipality's contractual and legal liability for damage to vehicles
not owned by the corporation or any other insured. (Note: Unlike standard industry
wordings, we do not restrict this coverage to "hired" automobiles only.)
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply,
- ! 4 -
ENVIRONIVIENTAL LIABILITY INSURANCE
Features
This is a c/aims-made policy that protects the municipality from environmental liability for
claims because of bodily injury, property damage and the prevention, control, repair,
clean-up or restoration of environmental impairment. Cowan's comprehensive wording,
among other things, does not limit a municipality to claims arising from a sudden and
accidental event.
· Separate limits of liability apply specifically to this coverage.
· Broad form Definition of Insured applieS, including: Councillors, Employees,
Statutory Officers, Firefighters, Volunteers, Boards, Commissions, and Committees.
· Broad definition of Environmental Impairment applies.
· Coverage is included for sudden and accidental events and for liability resulting from
events that occur gradually and over a period of time (i.e. not limited to sudden
and accidental claims).
· Coverage is included for liability arising out of the escape of contaminants from
properties previously owned, leased or operated by the municipality.
· Coverage is included for impairment caused by owned watercraft.
· Coverage applies Worldwide.
· No exclusion for landfill sites, open or closed.
· No exclusion for fuel tanks, above or underground.
Please refer to the insurance contract for ali limits, terms, conditions and exclusions that apply,
CRIME INSURANCE
Features
This po/icy provides protection to the municipa/ity for the/oss of money, securities and
other property through the fraudu/ent or dishonest acts of emp/oyees and others.
Coverage is provided on a Commercial Blanket Bond package, and may include:
- Employee Dishonesty,
- Loss of Money and Securities,
Money Order and Counterfeit Paper Currency, and
Depositors Forgery.
· Audit expense coverage is in addition to the overall bond limit, to the maximum
amount provided in the Summary of Coverage pages.
The definition of "employee" is extended to include all persons holding positions in
the municipality's service who are not compensated, and includes Members of
Council, Members of all Boards, Commissions and Committees appointed by and
under Council's jurisdiction.
· The definition of "messenger" is also extended to include persons not compensated.
· No deductible applies.
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply,
COUNCILLORS ACCIDENT NSURANCE
Features
This policy provides accident insurance coverage for the benefit of tl~e municipality's
elected officials. All benefits are payable in addition to any other benefits that the injured
person may be in receipt of.
· Coverage applies while the individual is acting within the scope of their duties,
including all travel required.
· No aggregate limit applies.
· No age restriction applies.
Coverage is not limited to "authorized" travel only.
Weekly indemnities are paid in full regardless of the individual's employment status
(e.g. retired, self-employed, etc.).
· Weekly indemnity for Total Loss of Time is payable for life.
· A schedule of Dismemberment Benefits is provided and payable as set out in the
policy.
· Funeral expenses are included up to $10,000.
Blanket Accident expenses are included up to $10,000. and include dental,
chiropractic, registered nurse, podiatrist, ambulance, drugs, crutches, etc.
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply.
CONFLICT OF INTEREST INSUP-J NCE
Features
This policy provides for the reimbursement of legal fees and expenses incurred by the
elected or appointed members of Council who are charged under the Municipal Conflict
of Interest Act, provided that a court finds (1) there has been no contravention, or (2)
contravention has occurred by reason of inadvertence, remoteness, or insignificance, or
(3) contravention has occurred by reason of a bona fide error in judgement.
· Coverage is provided in respect of each individual Insured's claim to the maximum
limit specified in the Summary of Coverage pages.
· Separate limit of insurance applies to this coverage.
· No annual aggregate limit applies.
· Coverage is extended to include any member of a Board, Commission, or Committee
of the Insured as defined in the Municipal Conflict of Interest Act.
· Coverage is also included for any subsequent proceedings under this Act.
· The Insured selects and instructs legal counsel with no intervention by the insurer.
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply.
LEGAL EXPENSE INSURANCE
Features
This poiicy provides for the reimbursement of legal fees including disbursements incurred
by the insured in defence of charges laid for an alleged offence under any Statute of the
Province of Ontario (except for the Highway Traffic Act and the Municipal Conflict of
Interest Act).
Some of the more common Statutes where exposure exists include: Environmental
Protection Act, Freedom of Information and Protection of Privacy Act, Occupational
Health and Safety Act, Ontario Water Resources Act, and Pesticides Act.
[] Broad form Definition of Insured applies, including: Councillors, Employees,
Statutory Officers, Firefighters, Volunteers, Boards, Commissions, and Committees.
· Separate limits of insurance apply to this coverage.
[] Coverage applies to both "guilty" and "not guilty" outcomes if applicable.
[] The Insured selects and instructs legal counsel with no intervention by the insurer.
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply.
PART B
PROPERTY
~ 20 ~
PROPERTY iNSURANCE
Features
This policy provides "All Risk" coverage to protect the municipality's assets from direct
physical loss or damage. Coverage is provided on a blanket basis, w,Sich means that the
municipality will not be jeopardized should the value of an asset be undervalued in the
schedule and suffer a total loss. Rather, the municipality will enjoy the protection of the
blanket limit of all assets combined.
Another key feature
provides replacement of historical or unique buildings
possible to preserve their heritage.
of the Cowan wording is that the replacement cost coverage
with materials as similar as
Broad definition of property insured is included.
· No co-insurance clauses apply.
· Insured is not required to provide a signed statement of values and policy does not
contain a stated amount clause.
· Replacement Cost coverage is provided (unless specifically stated otherwise).
· Worldwide coverage is included.
· Replacement on same site is not required.
· No restriction on property in transit and coverage is provided to policy limit.
· Newly acquired property is automatically included with no limit other than the policy
limit.
· Permission is granted for the following:
- to make additions, alterations and repairs (no limit other than the policy limit),
- for any property to remain vacant or unoccupied,
- to use any property for any purpose, and
- to keep and use materials as usual and necessary.
· Sewer back-up coverage is included.
· By-law coverage is included to the policy limit.
· Debris removal (including Environmental/Pollution Clean-up) is included to the policy
limit.
~ 2i ~
Property insurance Features continued
The followin9 coverages, if applicable, are included to the iimit specified in the
Summary.. of Coverage pages:
- Valuable Papers,
Accounts Receivable,
Extra Expense (including Interruption by Civil Authority), and
Media (unless included under Data Processing Rider)
The following coverages are also available,
Summary of Coverage pages):
if applicable (please refer to the
Data Processing System and Equipment, along with Media and Extra Expense,
Fine Arts,
Exhibition Form, and
Business Interruption.
If a single loss involves both the Automobile and Property Insurance policies, the
Property policy deductible is waived only on any insured property attached to the
automobile.
· One deductible applies should there be a loss involving both the Property and the
Boiler and Machinery Insurance policies.
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply.
BOILER AND MACHINERY INSURANCE
Features
This policy insures sudden and accidental mechanical breakdown to boilers, pressure
vessels, and other equipment including resulting damage, all of which is generally
excluded under a Property Insurance policy. Examples of common types of breakdowns
insured would include: cracking, bulging, burning, explosion, mechanical breakdown and
electrical burnout. This insurance also provides inspections and certification services as
required by law.
Comprehensive Blanket coverage provided.
Broad definition of Object, includes communication equipment and production
machinery.
Settlement is based on repair or replacement cost (no depreciation factor).
Broad definition of Accident applies.
New locations and newly installed objects are automatically included.
Computer Control Equipment is included when used solely to control or operate an
insured object.
The following coverages, if applicable, are included to the limit shown on the
Summary of Coverage pages:
Extra Expense,
- Water Damage,
- Ammonia Contamination,
- Expediting Expenses,
- Hazardous Substance (including PCB Contamination),
- Loss of Arena Revenues,
- Spoilage,
- Professional Fees,
- Data and Media, and
- By-Law Cover.
One deductible applies should there be a loss involvin¢ both the Boiler and
Machinery and Property insurance policies,
Please refer t(~ the insurance contract for ail timits, torres, conditions and exclusions that appiy.
PART C
AUTOMOBILE
AUTOMOBILE FLEET NSUP, ANCE
Features
This policy provides protection for all claims arising out of the use or operation of
licensed automobiles owned or leased by the munic~oality. Coverage is provided as per
the Statutory Automobile Owner's Policy. A special Cowan endorsement is added to
enhance the basic policy coverage.
Coverage is provided for Liability, Accident Benefits, Uninsured Automobile, and
Direct Compensation - Property Damage.
Loss or Damage coverages are available as requested by the Municipality to protect
their licensed vehicles from physical damage caused by an insured peril.
Coverage is automatically extended to include:
newly acquired vehicles,
inappropriately licensed drivers,
- permission to carry explosives,
- permission to rent or lease,
- damage caused by freezing of Fire-Fighting Apparatus, and
- permission to carry passengers for compensation.
Our Replacement Cost coverage is unique. It provides repairs or replacement of
vehicles with no deduction for depreciation.
- On a partial loss, repair estimates are calculated by using all new parts to repair
damage.
- On a total loss, the municipality has the option of purchasing a new vehicle, or
accepting a cash settlement for the amount it would cost to purchase a new
vehicle.
Guaranteed Amount coverage can be provided on specified vehicles. Repairs or
replacement will be undertaken without deduction for depreciation up to the
Guaranteed Amount shown on the automobile schedule attached to the policy.
Valued coverage can be provided on specified vehicles, usually those that are
obsolete, would not be replaced, or would be replaced with a used vehicle.
Actual cash value (ACV) coverage can be provided on specified vehicles.
If a single loss involves both the Automobile and Property insurance policies, the
Property policy deductible is waived only on any insured property attached to the
automobile.
Please refer to the insurance contract for all limits, terms, conditions and exclusions that apply.
GARAGE AUTOMOBILE NSURANCE
Fsatures
This po/icy provides protection for alt c/aims arising out o~ ~ municipa/ity's garage
operations and its/ega/liabi/ity for customer vehicles. Coverage is provided as per the
Statutory Garage Automobi/e Po/icy. Garage operations inc/ude not on/y repair garages,
but a/so storage garages and parking lot operations.
[] Coverage is provided for Third Party Liability for bodily injury or property damage as
per the limit specified in the Summary of Coverage pages.
· Coverage is also provided for Accident Benefits, Uninsured Automobile, and Direct
Compensation Property Damage.
Loss or Damage coverage is available as requested by the municipality to protect its
legal liability for a customer's automobile from physical damage caused by an
insured peril, while in the care, custody or control of the municipality.
Physical damage coverage for customer vehicles can include Collision, and
Comprehensive or Specified Perils coverage. Please refer to the limits and
deductibles for the selected coverage as specified in the Summary of Coverage
pages.
Please refer to the insurance contract for ali limits, terms, conditions and exclusions that apply.
Erar~: Cowar~ Corr~ar~,.- LimiteC