Schedule B - Insurance.pdf
PDF 130 KB Posted
- Attached to
- Retail Space to Lease - Delano, CA
- Solicitation number
- DACA095220056500
About this file
This is Schedule B from a federal real property lease agreement (DACA095260083000) that establishes insurance requirements for the lessor.
The lessor must maintain public liability and property damage insurance at its own cost with a single combined liability limit of not less than $1,000,000 and property damage limits of not less than $500,000. The coverage must protect against all liability of the lessor and its authorized representatives arising from the leased premises or the real property containing the leased premises. Both the lessor and government must be named as additional insureds, and the policy must include cross-liability endorsements. Additionally, the lessor must maintain standard fire and extended coverage insurance on the building and other improvements where the premises are located, including vandalism and malicious mischief endorsements, to the extent of full replacement value, also at the lessor's cost. The Federal Government does not carry liability insurance and is self-insured under 28 U.S.C. Section 1346, which permits individuals injured or suffering property damage due to negligence by a Government employee to file claims for damages against the Government. Claims are first processed administratively through the U.S. Army, and after a final agency decision, parties have the statutory right to appeal to the U.S. Federal District Court or the U.S. Claims Court.
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Text version
INITIALS: _______________ & _______________ DACA095260083000
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 .