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Agenda - Council - 12/13/2011
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Agenda - Council - 12/13/2011
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3/18/2025 2:22:47 PM
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1/31/2012 3:53:22 PM
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Meetings
Meeting Document Type
Agenda
Meeting Type
Council
Document Date
12/13/2011
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--(97D <br />LEAGU E OF <br />[�I N N ESOTA <br />CITIES <br />Coverage structure <br />If the city: <br />Does not have excess coverage & <br />Does not waive the statutory limits <br />Does not have excess coverage & <br />Waives the statutory limits <br />Has $1,000,000 of excess coverage & <br />Does not waive the statutory limits <br />Has $1,000,000 of excess coverage & <br />Waives the statutory limits <br />CONNECTING & INNOVATING <br />SINCE 1913 <br />LMCIT Liability Coverage Options <br />On a liability claim to which <br />the statutory limits apply <br />This is the maximum <br />amount a single claimant <br />could recover on an <br />occurrence. <br />$500,000 <br />$1,500,000 <br />$500,000 <br />$2,500,000 <br />LEAGUE OF MINNESOTA CITES <br />On a liability claim to which <br />the statutory limits do not apply <br />This is the maximum total This is the maximum amount of damages which LMCIT would <br />amount that all claimants could pay on the city's behalf for a single occurrence, regardless of <br />recover on a single occurrence. the number of claimants. <br />$1,500,000 <br />$1,500,000 <br />$1,500,000 <br />$2,500,000 <br />$1,500,000 <br />$1,500,000 <br />$2,500,000 <br />$2,500,000 <br />145 UNIVERSITY AVE, WEST PHONE: (651) 281-1200 FAX: (651) 281-1298 <br />INSURANCE TRUST ST. PAUL, MN 55103-2044 TOLL FREE: (800) 925-1122 WEB: WWW.LMC,ORG <br />
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