HomeMy WebLinkAboutThe Monroe Agency A G R E E M E N T
THIS AGREEMENT made and entered into this 19th day of March , 1984 ,
by and between THE MONROE AGENCY of
1429 Oregon St. . Oshkosh WI 54901 , party of the first part, and the
CITY OF OSHKOSH, a municipal corporation located in Winnebago County, Wisconsin,
hereinafter referred to as the "City", and party of the second part.
WITNESSETH:
WHEREAS, the Common Council of the City of Oshkosh by resolution duly
adopted on the 15th day of Larch , 19$14 , accepted the bid of the first
party and authorized and directed the proper City officials to enter into an agree-
ment with the party of the first part for:
property insurance
according to the specifications and bid for same on file in the office of the City
Clerk.
NOW, THEREFORE, pursuant to said resolution of the Common Council of the
City of Oshkosh, the parties hereto agree as follows:
1 . That the party of the first part will. furnish same to the City, all in
accordance with the specifications and bid on file in the office of the City Clerk.
2. That no assignment of this agreement or of any rights thereunder by
said party of the first part, shall be valid without the written consent of the City;
and that this document including the specifications and bid, constitutes the entire
agreement between the parties hereto and that any understanding either oral or written,
not a part hereof shall not be binding on either party.
3. That in consideration thereof, the City will pay to the first party
the sum of $28,561.00(INA Aetna) , upon presentation of a proper voucher, and
delivery and acceptance by the City in conformity on said specifications and bid.
IN WITNESS WHEREOF, the parties hereto have caused this agreement to be
signed by the proper officers of each party and their corporate seals to be hereunto
affixed all on the day and year first above written; then if first party is a cor-
poration or partnership, the signing of this agreement shall constitute a warranty by
the person(s) so signing the proper authority so to do.
In the presence of: THE MONROE AGENCY INC.
Signatur- sole proprietor, or name
,„_
.7 or cor•o - ti partnership
-- 7.,, 4 k4 4
,Ild /aJ
President or Pa ner
Secretary
. '
/1-s' CITY OF O SH,�
- l 't / By: �/ 0
4-l
WI LIAM D. FRUEH, City Manager
1 _I At., A A BY: 1414., d LW-Ad
j DONNA C.SERWAS, City Clerk
I hereby certify that the necessary
provisions have been made to pay the
Approved as to form and liability that will accrue under this
execution: cont ct:
,. �,��..,_, ( ,,,� _„_ 0 tttl.
JOH W. PEN E, City Attorney EDWARD A. NOKES, City Comptroller
PROPOSAL
PROPERTY INSURANCE COVERAGE FOR THE CITY OF OSHKOSH
We , the undersigned , propose to write the following property insurance
coverage for the City of Oshkosh , Wisconsin , in accordance with the
specifications for a one-year period (all coverages are to be written
with the same company ) for the following sum:
ANNUAL PREMIUM NOT "STR"
$100 Deductible $1000 Deductible
1 . Buildings and Contents /Equipment $ 24,500 $ 22,295
1A. Extra Expense $ 175 $ 159
2. Contractor ' s Equipment Floater $ 3,186 $ 2,666
3 . Fine Arts $ 1,700 $ 1,600
A. Breakage $500 ,000 $ incl $ incl.
- ��
i � c tii !7.. ± ? � TOTAL $ 29,561 TOTAL 26,720
PREMIUM PREMIUM
We understand , if the renewal premiums are justifiably reasonable , that
the intent of the City is to stay with the insuring company for three (3 )
years .
Company to write the coverage : CIGNA Corp/INA—Aetna
Rating in latest edition of Best ' s Insurance Guide : A$IE
Nearest Claim Adjustment Office : Milwaukee, Wisconsin
NOTE: Any exceptions should be noted on a separate sheet of company
letterhead and accompany the propal .
AUTH IZED SIGNATUR=
CIGNA Corp/INA—Aetna
NAME OF COMPANY
SUBMITTED BY:
2323 N. Mayfair Rd. , P. 0. Box 26249
ADDRESS OF COMPANY
Milwaukee, WI 53226
February 27 1984 The Monroe Ar,ency Inc.
Date LOCAL AGENT
CITY OF OSHKOSH
PROPERTY LOSS REPORT
1980 Claims
January Vandalism $807 .00
January Vandalism $2 , 598 .00
April Vandalism $1 , 235 .00
April Vandalism $181 .00
June Vandalism $454 .00
July Theft $500 .00
1981 Claims
October Vandalism $2075 .00
October Vehicle Damage $2779 . 83
December Explosion Animal Shelter $1131 . 20
1982 Claims
March Wind City Hall $1828 . 75
April Wind City Hall $1723 .53
April Vehicle Damage $1532 .84
June Vehicle $315 .00
October Wind $228 .00
November Fire-voting machine $4645 .86
November Burglary $791 . 79
1983 Claims
January Vandalism $750 .00
February Water Damage $25 , 779 .92
February Burglary $398 .49
April Theft-radio $1327 .00
BASIC COVERAGE
Included in basic bid?
(if no , list cost )
YES NO $
1 . Blanket coverage . All property, real and
personal , (per signed Statement of Values ) ,
owned , rented , or leased and any property
of others for which the insured may be
liable or obligated to insured . X $
2 . Basis of Recovery . Real and Personal
Property. Full replacement coverage
at the "time of replacement , " without
deduction for depreciation.
Replacement not required on the same
site . X $
3 . Coinsurance . 90% with agreed amount
clause. X $
4 . Limit Proposed . $70 , 000 , 000 .
5 . Perils Covered . The proposal will specifically confirm that :
a. All risk of direct physical loss
or damage . X $
b. Burglary and theft of personal
property shall be covered X $
c . Breakage of building glass will be
covered the same as other real
property., which includes vandalism X $
6 . Property in the open is to include but
not limited to gasoline pumps , oil pumps ,
and tanks , including their contents :
fences , playground equipment , light
poles , lights , traffic arterial '
lights stop signs , parking meters , etc . "
if desired by the City. , i $
7 . Automatic 90 day coverage for newly \ .
constructed buildings , other structures , ,`'j
and additions , now in the process of f
erection or hereafter erected on the N;'
described premises , including alter-
ations and repairs to building and
structures . Blanket rates to apply
8 . Joint loss agreement will be provided
in conjunction with the City ' s Boiler
carrier X
9 . Extra Expense. $100 ,000 blanket (40-80-100 )
per occurrence . —X_ $
BASIC COVERAGE (Continued )
Included in basic bid?
(if no , list cost )
YES NO $
10 . Errors and Omissions Clause . Failure to
list , or an error in listing existing
locations not prejudicial-- to be reported
to the underwriter when discovered by the
insured . X $
11 . Property in transit in any one conveyance .
$10 ,000
12 . Personal property of employees . Replacement
cost basis . $500 . per employee/$5,000 per
occurrence
COVERAGE EXTENSIONS
1 . Automatic coverage for rema Wider of
policy term to a $250 ,000 .' limit on
newly acquired properties= real and personal .
90 day coverage for properties in excess
of $250 ,000 . X $
2 . Provide $100 ,000 on real and personal pro-
perty at unnamed locations X $
3 . Debris removal. Cover expenses incurred in
the removal of debris resulting from a
covered loss . X $
4 . Provide that the exclusion relating to
fraudulent or dishonesty acts will not
exclude criminal acts such as sabotage
and arson committed by employees . _X__ $
5 . $250 ,000 all risk coverage for the cost
to reconstruct City records and other
valuable papers . Although major ex-
posure to loss is to records in City
Hall , blanket coverage over all
locations is requested . X $ 76.
6 . Backing up sewers and floor drains X $
OPTIONAL COVERAGE
1 . Damage by earthquake , flood and
surface water .
Deductible$ X $
Insurance Company of North America
Aetna Insurance Company
CIGNA companies
2323 North Mayfair Road
P.O.Box 26249
Milwaukee,WI 53226
(414)257-2666
February 24, 1984 CIGNA
The Monroe Agency, Inc.
1429 Oregon Street
Oshkosh, WI 54901
Re: Authority to Bind Coverage
City of Oshkosh, Property Insurance
Gentlemen,
As an insurance agency formally contracted with INA/Aetna Insurance
Companies of CIGNA Corporation, you are hereby authorized to bind
risks in accordance with the underwriting rules and directories we
have given you.
This is in respects to bid proposal and specifications as attached
for City of Oshkosh property insurance.
Ve y tfuly yo rs,
John Grier
Product Manager
JG/wb
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