HomeMy WebLinkAboutLake Elmo - liability coverage notice rqto
CONNECTING & INNOVATING
LEAGUE of
MINNESOTA SINCE 1913
CITIES
September 8, 2016
Kristina Handt
City of Lake Elmo
3800 Laverne Ave N
Lake Elmo, MN 55042-9629
Re: City of Lake Elmo - CMC 38652
Dear Ms. Handt:
Pursuant to action of the LMCIT Board of Trustees at their meeting on September 7, 2016, and in
accordance with the terms and conditions of the Common Conditions of the City's Comprehensive
Municipal Property and Casualty Coverage, this letter is formal notification to the City of Lake
Elmo that these coverages which the City currently has with the League of Minnesota Cities
Insurance Trust (LMCIT) are cancelled effective at the end of the day on October 9, 2016:
• Comprehensive Municipal Coverage - Coverage A. Municipal Liability; and
• Comprehensive Municipal Coverage - Coverage D. Land Use and Special Risk Litigation.
These coverages which the City currently has with LMCIT are NOT affected by this notice of
cancellation, and will remain in effect unless the City of Lake Elmo notifies LMCIT that it wishes
to cancel these coverages:
• Municipal Property, Crime, Bond, and Petrofund Coverage;
• Comprehensive Municipal Coverage - Coverage B. Medical and Related Expense
• Comprehensive Municipal Coverage - Coverage C. Automobile Liability;
• Comprehensive Municipal Coverage - Coverage E. Uninsured and Underinsured Motorists;
• Comprehensive Municipal Coverage - Coverage F. Basic Economic Loss Benefits; and
• Automobile Physical Damage Coverage.
LMCIT will rescind the cancellation of coverages described above if the City of Lake Elmo agrees
to the following conditions:
• The attached endorsement modifying the City of Lake Elmo's Comprehensive Municipal
Coverage will be issued and will take effect at 12:01 a.m. October 10, 2016.
• This endorsement provides for a $200,000 per occurrence deductible applicable to all
liability claims, except claims for property damage or bodily injury.
LEAGUE OF MI N N E S OTA CITIES 145 UNIVERSITY AVE.WEST PHONE: (651)281-1200 FAx: (651) 281-1298
INSURANCE TRUST ST. PAUL,MN 55103-2044 TOLL FREE:(800) 925-1122 WEB:WWW.LMC.ORG
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• There will be no additional premium charge and no premium refund for this new
endorsement.
If the City of Lake Elmo agrees to accept this endorsement, you must notify LMCIT in writing
prior to 12:01 a.m. October 10, 2016. If LMCIT does not receive notification from the City of
Lake Elmo that the City accepts this endorsement, the City's liability coverage will terminate as of
end of the day on October 9, 2016, with no further notice. In that event, LMCIT will return to the
City a pro-rata portion of the premiums paid by the City for liability coverage for the City's
January 1, 2016 to December 31, 2016 coverage year.
Sincerely,
Daniel J. Greensweig
LMCIT Assistant Administrator
Cc Mayor Mike Pearson
Sarah Sonsalla, Kennedy and Graven
Rusty Zignego, Zignego Agency, Inc.
Comprehensive Municipal Coverage
Special Deductible Endorsement
This endorsement modifies coverage provided under the Comprehensive Municipal Coverage.
Item 5. Municipal Liability Deductible of LMCIT Dec-13 (11/86) (Rev.11/15) is amended to read $200,000
Per Occurrence, but only for claims for other than bodily injury or property damage.
All other terms and conditions remain unchanged.