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6. Certificate Holder on each Evidence of Insurance certificate shall be: City of Santa <br /> Ana, Attention: (Name of Department Staff Responsible for Agreement), 20 Civic <br /> Center Plaza M-XX (Responsible Staff's Department Mail Box), Santa Ana, CA <br /> 92701. The name and location of project must be indicated in the Description of <br /> 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 <br /> Construction coverage. Such coverage shall name City of Santa Ana as a loss payee as <br /> its Interest may appear. <br /> If the project does not involve new or major reconstruction, at the option of City, an <br /> Installation Floater may be acceptable. For such projects, a Property Installation Floater <br /> shall be obtained that providers for the improvement, remodel, modification, alteration, <br /> conversion or adjustment to existing buildings, structures, processes, machinery and <br /> equipment. The Property Installation Floater shall provide property damage coverage <br /> for any building, structure, machinery or equipment damaged, impaired, broken, or <br /> destroyed during the performance of the Work, including during transit, installation, and <br /> testing at City's 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 <br /> of the contract. <br /> 2. Insurance must be maintained and evidence of insurance must be provided for at <br /> least five (5) years after completion of work. <br /> 1 If coverage its cancelled or non-renewed, and not replaced with another claims-made <br /> policy form with a retroactive date prior to the contract effective, or start of work date, <br /> Contractor must purchase extended reporting period coverage for a minimum of five (5) <br /> 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 <br /> California with a current A.M. Best rating of no less than A:VII, unless otherwise <br /> acceptable to CITY. <br /> C-3 <br /> C.Nperative Cost Reimbursement Agreement for Croddy Way Street Irnpravements Pro.ject-2025. 0227 <br />