1179.018 LIABILITY INSURANCE .

      A.   The owner or person in control of a display sign suspended over a street or public walkway or extending into a street more than one foot (1') beyond the building line shall provide evidence to the City of liability coverage on such display sign with an insurance company licensed to do business in the State. Such liability insurance shall provide minimum limits of bodily injury liability of ten thousand dollars ($10,000) per person, twenty thousand dollars ($20,000) per accident, and property damage liability of five thousand dollars ($5,000) per accident. The City shall be named in such liability insurance policy as a coinsured insofar as the existence of any display sign, as aforesaid, is concerned.

      B.   Evidence of such liability insurance shall consist of a certificate of insurance issued to the City by the liability insurance company or a certified copy of the owner's liability insurance policy. Such certificate of insurance or certified copy of the policy shall provide that the City shall be notified by the liability insurance company or its agent of any changes or alterations in the original policy insofar as the existence and insuring of the display sign is concerned, and shall be given a minimum of ten (10) days notice prior to the cancellation of such policy.