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5. `? y rt'J <br />Further discussion was held regarding an "umbrella" policy. <br />Mr. CarrLien questioned the next policy to expire. <br />Mr..Sutton stated the next policy to expire is for the storage <br />garage which will expire on March ?, 1982. <br />l:ir. Carmen stated the premiuni is $2,000.00 less than we.paid <br />last year. He stated Mrs. Ruggles had explained this was due <br />to eight vehicles that had been double covered.on.,various <br />policies, questioning what the vehicles were. <br />Mr. Sutton stated he could not coinment on that. He stated he <br />mentioned to Mrs. Ruggles certain vehicles that were not licensed <br />for the road that do not have to be charged separately as they <br />are covered under the general liability, but he'has no specific <br />list. Mr. uutton.explained that municipal insurarice is negotiated <br />between the agent and his company and that our loss experience <br />was lower the last two years, which would be additional reasons <br />for a lower premium. <br />Mr. lr,eneli questioned if Mr'. Sui,ton has revi.ewed last. years <br />policy as compared to this years; if there are any motox.vehicles <br />that were covered under last years policy that are not covered now. <br />? Mr. Sutton stated he did not compare last years policy to this <br />years, but he has reviewed the policy from the Love Insurance <br />Agency. He stated he did not prepare the specifications.but <br />must assume the Upecifications contain the up-to-date certified <br />list of vehicles taken frorn the titles in the Finance Department <br />of vehicles owned by the Village. He stated there was some <br />contractors equipment removed from the list as they are not. <br />licensed for the road. <br />Mr. Etzler questioned if the vehicles just removed would be <br />covered in the case of a catastrophe as the contractors equipment <br />does go on the ro,ad. <br />Mr. Sutton stated they are covered under the.general liability <br />aiid that j,ve are auiomatically covered for any vehicle owned <br />by the Village. <br />Mr. Feneli stated he wants`to be sure, every motor vehicle we own <br />is listed on the liability isnurance policy and questioned the <br />limits. <br />Mro Sutton stated he recommends we take the higher option on the <br />policy, the lirnitation being: Cornprehensive General Liability - <br />$500,000.00/$500,000.00 i3odily Injury, Property Damage - $100,000.00/ <br />$100,000..00, Automobile - $250,000.00/$500,000.00 Bodily Injury, <br />$100,000.00 Property Dama.ge. yIr. Sutton stated this amount was <br />per occurrence, it is not an aggregate amount.