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after thirty (30) days prior written notice has been given to City and ten (10) days prior written notice of <br />policy cancellation or non -renewal due to non-payment. <br />6. Certificate Holder on each Evidence of Insurance certificate shall be: City of Santa Ana, Attention: <br />Leif Lovegren, 215 S. Center Street, Santa Ana, CA 92703. The name and location of project must be <br />indicated in the Description of Operations section of each certificate. <br />Builder's Risk (Course of Construction) Insurance <br />Contractor may submit evidence of Builder's Risk insurance in the form of Course of Construction <br />coverage. Such coverage shall name City of Santa Ana as a loss payee as its interest may appear. <br />If the project does not involve new or major reconstruction, at the option of City, an Installation Floater <br />may be acceptable. For such projects, a Property Installation Floater shall be obtained that provides for <br />the improvement, remodel, modification, alteration, conversion or adjustment to existing buildings, <br />structures, processes, machinery and equipment. The Property Installation Floater shall provide property <br />damage coverage for any building, structure, machinery or equipment damaged, impaired, broken, or <br />destroyed during the performance of the Work, including during transit, installation, and testing at City's <br />site. <br />Claims Made Policies <br />If any coverage required is written on a claims -made coverage form: <br />1. The retroactive date must be shown, and this date must be before the execution date of the contract. <br />2. Insurance must be maintained and evidence of insurance must be provided for at least five (5) years <br />after completion of work. <br />3. If coverage is cancelled or non -renewed, and not replaced with another claims -made policy form with <br />a retroactive date prior to the contract effective, or start of work date, Contractor must purchase extended <br />reporting period coverage for a minimum of five (5) years after completion of work. <br />4. A copy of the claims reporting requirements must be submitted to City. <br />Acceptability of Insurers <br />Insurance is to be placed with insurers authorized to conduct business in the state of California with a <br />current A.M. Best rating of no less than A:VII, unless otherwise acceptable to CITY. <br />Waiver of Subrogation <br />Contractor hereby agrees to waive rights of subrogation which any insurer of Contractor may acquire from <br />Contractor by virtue of the payment of any loss. Contractor agrees to obtain any endorsement that may be <br />necessary to affect this waiver of subrogation. The Workers' Compensation policy shall be endorsed with <br />a waiver of subrogation in favor of City for all work performed by Contractor, its employees, agents and <br />sub -contractors. <br />Verification of Coverage <br />Contractor shall furnish City with original Certificates of Insurance including all required amendatory <br />endorsements (or copies of the applicable policy language effecting coverage required by this clause). A <br />statement on a Certificate(s)/Evidence of Insurance will not be accepted in lieu of the actual endorsements <br />required herein. Failure to obtain the required documents prior to the work beginning shall not waive <br />