DACA095240069800 Lease 24 Orig3 Schedule B - Insurance.pdf
PDF 100 KB Posted
- Attached to
- Retail Space to Lease – San Bernardino, CA
- Solicitation number
- DACA0952400698000
About this file
This document is the Insurance Schedule B for a lease agreement under solicitation number DACA0952400698000 for retail space in San Bernardino, CA. The Lessor is required to maintain public liability and property damage insurance with a minimum $1,000,000 single combined liability limit and $500,000 property damage limit, covering all liability arising from the leased premises. The Lessor must also maintain full replacement value fire and extended coverage insurance on the building and improvements. The Government is considered self-insured and any potential claims related to negligence by Government employees would be processed through the U.S. Army administrative process before any appeal to Federal court. The related solicitation is seeking to lease between 5,000-6,500 square feet of Class A or B retail space within a defined geographic area in San Bernardino, CA.
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Text version
INITIALS: _______________ & _______________ DACA095240069800
LESSOR GOVERNMENT
SCHEDULE B: INSURANCE
Lessor at its cost shall maintain public liability and property damage insurance with a single combined liability limit of not less than $1,000,000, and property damage limits of not less than
$500,000 insuring against all liability of Lessor and its authorized representatives arising out of or in connection with the leased premises or the real property in which the leased premises is located. Both parties shall be named as additional insured’s, and the policy shall contain cross-liability endorsements.
Lessor, at its cost, shall maintain on the building and other improvements in which the premises are located, a policy of standard fire and extended coverage insurance (with vandalism and malicious mischief endorsements) to the extent of full replacement value.
The Federal Government does not carry liability insurance and is considered self-insured.
Additionally, Statutory Authority 28, United States Code, Section 1346, permits an individual who is injured or incurs property damage as a result of negligence by a Government employee to bring a claim for damages against the Government. If a potential claim occurs, it is first processed by the
Government through the U.S. Army for an administrative decision. Once a final decision by our agency is made, you have the statutory right to appeal that administrative decision to the US Federal
District Court or the US Claims Court
File details come from the government source that posted it. Updated .