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Insurance Renewals <br /> <br /> June 21, 2010 <br /> Page 2 <br /> damage and $82,500,000 in coverage for flood damage (coverage is in limited to $50,000,000 in <br /> Flood Zone A.) Due to the excessive premium cost of earthquake insurance, the City will not seek <br /> this coverage. <br /> Insurance deductibles will be as follows: <br /> Covera a Deductible <br /> Flood $100,000 except $250,000 for Flood Zone A <br /> locations <br /> Vehicles <br /> Fire Fi htin $50,000 <br /> Vehicles <br /> All other $25,000 <br /> All other occurrences $10,000 <br /> Boiler & Machinery $2,500 to $350,000, depending on the pieces <br /> of a ui ment involved <br /> The City Manager will review the quotations and make the final decision to secure the coverages. <br /> FISCAL IMPACT <br /> Funds are budgeted in the proposed 2010-11 Liability & Property Insurance account (account no. <br /> 08009051-64010) and Workers' Compensation account (account no. 08209054-64010). <br /> APPROVED AS TO FUNDS AND ACCOUNTS: <br /> ~n~ ~ <br /> Kathie Gonzalez Francisco Gutierrez <br /> Executive Director Executive Director <br /> Personnel Services Finance & Management Services Agency <br /> KG/ER/BM <br /> 29A-2 <br /> <br />