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GENERAL INSURANCE REQUIREMENTS Following are general insurance

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GENERAL INSURANCE REQUIREMENTS Following are general insurance Powered By Docstoc
					                             GENERAL INSURANCE REQUIREMENTS

Following are general insurance requirements contained in our leases. These limits may be
amended from time to time and we recommend that you contact real estate administration for any
updated information. Further details may be found in the sample lease agreements contained on
this website or by contacting our Real Estate Manager at 972-392-4856.


General
In all liability policies with the exception of motor vehicle, “Landlord (Town of Addison) and
Manager” must be named as an additional insured. Policies are to be primary insurance.
Insurance applies separately to each insured. Waiver of subrogation in favor of Landlord and
Manager to be included.

All insurance policies shall be issued by an insurance company authorized to do business in the
State of Texas and in the standard form approved by the Texas Department of Insurance,
endorsed to provide 30 days advance written notice to Landlord of a material change in or
cancellation.


Aircraft Storage and Rental Agreement (single hangars)

Non-commercial Use: Personal Liability Insurance with limits of liability not less than $1,000,000
for each occurrence, Combined Single Limit (CSL)/$1,000,000 in general aggregate.

Aircraft Liability Insurance not less than $1,000,000 each occurrence If aircraft is not airworthy, in
lieu of acquiring and maintaining the aircraft liability insurance, we will accept aircraft liability for
ground liability exposures only

Valid and sufficient motor vehicle liability insurance while driving on Airport property.

Commercial Use: Commercial General Liability with limits of liability of not less than $1,000,000
for each occurrence, CSL/$1,000,000 in general aggregate.

Special Aeronautical Service Provider (SASP) Hangar Keeper’s Liability with a minimum limit of
$1,000,000; Fixed Based Operator (FBO), Hangar Keeper’s Liability with a limit of $2,000,000.

Valid and sufficient motor vehicle liability insurance while driving on Airport property.


Jet/Commercial Hangar Leases
Commercial General Liability insurance with limits of liability of not less than $1,000,000.00 for
each occurrence, CSL/$1,000,000.00 general aggregate. Coverage must include contractual
liability.

Statutory limits of workers compensation insurance and employer’s liability with limits of liability of
not less than $1,000,000.00.

Hangars Keepers Legal liability insurance at limits of $1,000,000 per occurrence is required if
Tenant is engaged in maintenance, repair, or servicing of aircraft belonging to a third-party, or if
Tenant is otherwise involved in any operation in which Tenant has care, custody, or control of an
aircraft that belongs to a third party.

Valid and sufficient motor vehicle liability insurance while driving on Airport property.

				
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