Insurance coverage information. INSURANCE COVERAGE INFORMATION Lease No. _________ Municipal Funding Corporation of America 155 South Madison St., Suite 301 Denver, Colorado 80209 From: _________ To:
Subject: Insurance Coverage 1. In accordance with paragraph 11 of the Municipal Lease and Option Agreement, we have instructed the insurance agent named below (please fill in name and address); _________ To issue: a. All Risk Physical Damage Insurance on the leased property evidenced by a Certificate of Insurance with a Loss Payable Clause naming "Municipal Funding Corporation of America and/or its assigns" as Loss Payee. Minimum Coverage Required: Replacement value of property at the time of loss or damage. b. Liability Insurance evidenced by a Certificate of Insurance naming "Municipal Funding Corporation of America and/or its assigns" as an Additional Insured. Minimum Coverage Required: $500,000.00 per person. $500,000.00 aggregate bodily injury liability. $500,000.00 aggregate products liability. $100,000.00 property damage liability. 2. Proof of insurance coverage as described above will be provided to Municipal Funding Corporation of America prior to the time that the property is delivered to us.
A copy of this letter has been sent to the above insurance agent. Lessee: _________ By: _________ Dated: _________