(A) Insurance required. As required in § 92.32(D)(4), the owner shall procure and keep in full force and effect at all times during the registration term, commercial general liability insurance coverage (including, but not limited to, premises/operations and personal injury) or like coverage, protecting the town against any and all claims for damages to persons or property as a result of, or arising out of, the registrant’s operation, maintenance or use of the vacant building, with minimum combined bodily injury (including death) and property damage limits of not less than $300,000.
(B) Insurance policy requirements.
(1) The insurance policy must be written by an insurance company authorized to do business in the state, acceptable to the town and issued in a standard form approved by the State Department of Insurance.
(2) All provisions of the policy must be acceptable to the town and must name the town and its officers and employees as additional insured and provide for 30 days’ prior written notice to the town of cancellation, non-renewal or material change to the insurance policy.
(C) Certificate of insurance. An owner shall provide to the town offices an updated certificate of insurance for the neglected vacant building or structure every six months that the building is required to be registered under this subchapter.
(Prior Code, § 4-5-5) (Ord. 182, passed 6-25-2012)