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<br /> L~tter Agreement wlth <br /> W. Bowen Klng <br /> Dated September 16, 1986 <br /> Page 3 <br /> of the Clty of San Marcos, you, subcontractors ana <br /> SUO-SUbcontractors in the work ana sha.ll lncluae, out not be <br /> limltea to, the perils of fire, .lightning, floOd, co.l.lapse <br /> windstorm, hai.l, explosion, rl0t, civil commotion, smoke, <br /> alrcraft, land vehiclesl vandalism and malicl0uS mischief. <br /> 6. Umbrel.la Form Excess Liabillty with minimum 11mits of <br /> $3/000,000. <br /> 7. Al.l of the insurance requlred herelnaDove sha.ll De <br /> amended to afford coverage for: <br /> Comp.leted Operations and PrOducts Liabillty, Blanket <br /> BroaaForm Contractual Liability speciflcalLy coverlng <br /> the lnaemnificatlon assumed bY you under thlS <br /> Agreement. <br /> 8. Such lnsurance as is required in this Paragraph C ShaL.l <br /> t>e written so that the Clty of San Marcos wlll t>e notified in <br /> writing, in the event of cancellation, restrictive amendment or <br /> non-renewa.l at least thirty (30) days prior to such actlon. <br /> Certlficates of Insurance shall be flied wlth said City prlor to <br /> the commencement of the work ana are subject to said Clty'S <br /> approval.. Insurance carriers insurlng you in accordance herewlth <br /> WhlCh are not rated by the most recent edltion of Best's Key <br /> Rating Guide, Property-Casualty, published t>y A.M. Best Company, <br /> or lnsurance carrlers having d rating lower than A XIII as Shown <br /> in the most recent eaitlon of sald book, will not be approved t>y <br /> the Clty unl.ess a guaranty Dond acceptable to sald City from a <br /> carrler rated A XIII or higher guaranteeing payment of any and all <br /> claims against you lS furnlshed to the Clty of San Marcos, Texas. <br /> All. lnsurance required under this Paragraph C shaLl t>e <br /> wrltten with the City of San Marcos as colnsured. The stated <br /> limits of insurance required by this Paragraph C are MINIMUM ONLY <br /> and lt shall be your responsiDility to determine what llmits are <br /> adequate. These minimum llmlts may De baslc pol.icy limits or any <br /> combination of basic limits and umbrella l.imlts. In any event 1 <br /> you are fUlLy responsible for all losses arlsing out of, resulting <br /> from or connected with operations under this Agreement whether or <br /> not said losses are covered by insurance. The City's acceptance <br /> of Certiflcates of Insurance that in any respect ao not comply <br /> with the Agreement requlrements does not rel.ease you from <br /> compliance herewith. <br />