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INSURANCE <br />The City of Orono's Workers Compensation and Employer's Liability Insurance Policy <br />provides statutory coverage. Additionally, the City has: <br />JYPE OF INSURANCE AMOUNT OF COVERAGE <br />Total real and personal property <br />($500 deductible, 900 ^.o-insurance) $1,420,871 <br />Miscellaneous property floater <br />131,800 <br />($250 deductible) <br />Contractors equipment floater <br />242,800 <br />($500 deductible) <br />General liability <br />600,000 <br />Liquor liability <br />1,000,000 <br />Money & securities broad form endorsement <br />2,000 <br />Public employpes blanket bond <br />5U,000 <br />Boiler & machinery peril <br />100,000 <br />Auto liability - uninsured motorist <br />600,000 <br />Comprehensive ($250 deductible) <br />50,000 <br />Collision ($500 deductible) <br />Umbrella policy <br />2,000,000 <br />Public official's liability errors & omissions <br />($2,500 deductible) <br />600,000 <br />Loss of business income & extra expense <br />86,00014,000 <br />Golf course <br />50,000/0 <br />Water tower <br />Administration building <br />20,000/20,000 <br />L-1'1IVAT10 - <br />There is nL litigation threatened or pending questioning the organization or <br />boundaries of the City of Orono or the right of any of its officers to their <br />respecLive offices or in any manner questioning their rights and power to execute <br />and deliver these Bonds or otherwise questioning the validity of these Bonds. <br />PEA'__ PAYW T _[U STORY <br />The City of Orono has never defaulted in the payment of principal and interest on <br />i.ts debt. <br />