Except as provided otherwise in this section each applicant for a wrecker license shall file with the City Clerk:
(a) A certificate of insurance (e.g., garage keepers liability) covering fire, theft, vandalism, in a minimum amount of five thousand dollars ($5,000.00), except that this provision shall not apply to any applicant for a wrecker license that does not or will not tow any vehicles owned by persons other than the applicant. Each wrecker to which this exemption applies must have a sign permanently affixed to it stating, “This Wrecker Is Not For Hire”; and
(b) A certificate of insurance covering each licensed wrecker in an amount of not less than twenty- five thousand dollars ($25,000.00) for property damage and for bodily injury, including death, in an amount not less than one hundred thousand dollars ($100,000.00) for any one person and three hundred thousand dollars ($300,000.00) for two (2) or more persons in any one incident. The policy or policies shall contain an endorsement requiring ten (10) days notice to the City Clerk in the event of any material change or cancellation of policy.
(Ord. 2655, passed 8-14-1978; Ord. 2740, passed 10-22-1979)