2. Detailed Specifications The insurance required should adhere to the following specifications: A. Coverage Limits: o Minimum limit of $1,000,000 per occurrence for bodily injury and property damage. o Aggregate limit of $3,000,000 per policy period. o Uninsured/Underinsured motorist coverage with limits equal to those specified above. B. Types of Coverage: o Liability coverage for bodily injury and property damage. o Pursuit of Subrogation - should the City need to pursue subrogation rights against a negligent third party. o Medical payments coverage. o Comprehensive coverage for loss of or damage to vehicles owned or operated by the City. o Collision coverage for City vehicles. o Rental reimbursement coverage for vehicle downtime due to accidents. C. Policy Requirements: o The insurance policy must provide coverage for all vehicles owned, consumed or operated by the City, including but not limited to passenger vehicles, trucks, and specialty vehicles. o Essential coverages must include, but are not limited to, liability protection, property damage, bodily injury, and legal defense costs. o The policy must automatically cover newly acquired vehicles for a minimum period of 30 days until the City completes the necessary documentation for coverage...
