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36 • • It's not one of the situations that's specifically excluded in the coverage. The coverage limit has not been exceeded. Which situations are excluded? The no-fault coverage will not apply in several "catastrophic"type situations. Specifically, these are: • Any weather-related or other event for which FEMA assistance is available; • Any interruption in the electric power supply to the city's sewer system or to any city sewer lift station which continues for more than 72 hours; or • Rainfall or precipitation that exceeds the amount determined by the National Weather Service to constitute a I00-year storm.event. What costs would be covered? The no-fault sewer back-up coverage would reimburse the property owner for the cost of cleaning up the back-up, and for any damage to the property, up to the coverage limit. For purposes of the city's deductibles, claims under the no-fault coverage are treated as liability claims, so the same per-occurrence and/or annual deductibles will apply. However, there are certain costs that would not be reimbursed under the no-fault coverage: • Any costs which have been or are eligible to be covered under the property owner's own homeowner's or other property insurance; and • Any costs that would be eligible to be reimbursed under an NFIP flood insurance policy, whether or not the property owner actually has NFIP coverage. What is the coverage limit? The limit is $10,000 per building per year. For purposes of the limit, a structure or group of structures that is served by a single connection to the city's sewer system will be considered a single building. What will it cost? The premium charge for the optional no-fault sewer back-up coverage will be 8.5% of the city's municipal liability premium. The LMCIT Board's intent is that this coverage • option be self-supporting, so we'll be monitoring and if necessary adjusting these charges in the future.