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CI' f OF SAN BERNARD" 10 - REQUr 1T FOR COUNCIL AC lON
From:
JOHN C. KIRWAN, DIRECTOR REC'D.. _A"SubiBc"FF
RISK MANAGEMENT . .UftJlf". U ·
1988 SEP 22 PM 2: 39
INSURANCE SCHEDULE 88/89
SEPTEMBER 15, 1988
~
Dept:
Date:
Synopsis of Previous Council action:
None.
Recommended motion:
Per Council request, please read and file the attached report of
insurance policies currently in force for the City of San Bernardino.
~f'
, .....~-
Signa ure
-
Contact perlon:
Phone:
Supporting data attached:
Ward:
FUNDING REQUIREMENTS:
Amount:
Source: (ACCT. NO.)
(ACCT. DESCRIPTION)
Finance:
Council Notel:
75.0262
Agenda I tern No.
I~
CI'.. OF SAN BERNARDI.._~ - REQUE~ r FOR COUNCIL ACt )N
STAFF REPORT
The following Insurance policies are currently in force for the City
of San Bernardino:
PROPERTY INSURANCE
$1,150,000
$4,646,934
Blanket all property ($67,135,538 on
buildings and $8,009,850 on business
personal property)
Business interruption/extra expense
LIMITS
$75,145,388
Valuable papers & records (on the
libraries alone)
$1,124,000
$1,200,000
Loss of rents
Valuable papers & records (other
than libraries)
$29,350
$936,000
Fine arts floater
Contractors equipment floater (12
street sweepers)
COVERAGE
Risk of direct physical loss or
damage except as excluded
PERILS
Aircraft
Explosion
Fire
Hail
Lighting
Removal
Riot and Civil Commotion
Smoke
Sonic Boom
Sprinkler Leakage
Vandalism & malicious mischief
Vehicles
Vehicles, collision, derailment or
upset which causes loss or damage to
property in transit
Windstorm
DEDUCTIBLES
$5,000
On all losses except fine arts and
contractors equipment floater where
deductible is $1,000.
75-0264
"
LIMIT
COVERAGE
DEDUCTIBLE
LIMIT
COVERAGE
DEDUCTIBLE
LIMIT
COVERAGE
DEDUCTIBLE
LIMIT
EARTHQUAKE & FLOOD
$45,000,000
Each occurrence and in annual
aggregate as respects the perils of
earthquake and flood.
D.I.C. on real
perty, loss of
expense
and personal pro-
rents and extra
5% per unit of insurance
covered losses
all
EXCESS AUTO PHYSICAL DAMAGE
$2,000,000
100% actual cash value on city owned
vehicles for direct physical loss
$100,000
INLAND MARINE - FIRE TRUCKS
$4,819,000
All risk of direct physical loss of,
or damage to, the property covered
from any~xternal cause except as
excluded (29 vehicles)
$5,000
with coinsurance on stated amount
less than ACV or RC
COVERAGE FOR DUMP TRUCKS
$4,831,427
$25,000 deductible anyone loss.
Maximum limit paid on anyone
vehicle will be the losses of:
1. Stated Amount
2. Actual amount to repair or
replace
.
In addition to all of the above, the City has in force a crime policy
for robbery, a boiler and machinery policy for generators and
elevators.
There is a blanket bond covering specified positions pursuant to the
Municipal Code and general employees. Further, there are bonds on all
elected officials.