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<br />the event of storm damage to a number of City facilities, the deductible would <br />be applied only once to the total of paid damages to the "occurrence" - the <br />storm. Another example would be an auto accident in which a City vehicle <br />was responsible for damage to 2 or 3 other vehicles. There may be 2 or 3 <br />claimants. but the deductible would apply once. <br /> <br />9) The League's "No-Fault Sewer Back-up" coverage was reviewed and <br />declined several years ago. The coverage remains available through the <br />League and pricing remains the same as well. If the Council is interested in <br />this coverage, it will be necessary to apply and be approved for coverage by <br />the League's underwriter. The annual cost for this year would be about <br />$13,500. <br /> <br />These are just some of the points we thought might be of interest or concern, but if the <br />Council has any other questions, we'd be happy to address them. If not, here is our <br />recommendation: <br /> <br />For 2007. we recommend the Council Durchase the LMCIT proposal at a$5.000 packa~e <br />Deductible level for all approximate premium total of $328. 135. We will also review the <br />prODertv and vehicle schedules for items valued under this new deductible and remove <br />them. <br /> <br />As always, I appreciate the opportunity to work with the City and its cxcellent staff, and I <br />thank you for your continued business. <br /> <br />Respectfully, <br /> <br />