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Property & Liability and Workers Compensation Insurance


Location
Kentucky
Publication Date
04/15/2019 10:46 AM EDT
Closing Date
05/10/2019 10:00 AM EDT
Issuing Organization
City of Franklin
Solicitation Number
Description

Specifications include, but are not limited to: Blanket Building(s) and Contents of $57,625,339.00 (per Statement of Values attached including the City dam) including:  Agreed Amount Endorsement  Replacement Cost Buildings and Contents.  Coverage Form: Minimum of Insurance Services Office Form C 24729B (5/99)  Causes of Loss: Minimum of Insurance Services Office Special Form CP 10 30  Earthquake for $10,000,000 Sub-Limit with no co-insurance and including Masonry Veneer with coverage also extended to Extra Expense and Foundations. The Earthquake insuring agreements shall clearly state that 100% of the limit of coverage for Earthquake shall be available to the City of Franklin, Kentucky in the event of any Earthquake loss.  Flood for $10,000,000 Sub-Limit with no co-insurance and with coverage also extended to extra expense. $57,625,339.00 Blanket amount of Insurance on Building and Contents (including dam) Contents to include Property of Others in addition to Insured’s property, including property leased from others for which we are required to insure Ordinance and Law Coverage:  Coverage A: Include in Insuring Agreements – Building Limits  Coverage B: Demolition $250,000  Coverage C: Increased Costs of Construction – 10% of building value Blanket Extra Expense: $500,000 any one occurrence Backup of Sewers and Drains - $50,000 Outdoor Property - $25,000 Signs – Included in Building Limit Pollution Cleanup from Property Losses - $50,000 Valuable Papers – Cost of Research - $250,000 Fine Arts Coverage - $25,000 Money and Securities $10,000 - On Premises $ 3,000 – Off Premises

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