ITB- 159849 - Insurance for Senior Housing Buildings

The City of Dearborn is seeking bids for insurance coverage for five senior housing buildings, including property, general liability, and boiler and machinery insurance. The buildings are owned by the City of Dearborn and the Dearborn Housing Commission, and the insurance coverage is required for a one-year, two-year, or three-year period. The bidder is required to examine the specifications and risks to be covered, and to provide proof of Professional Errors and Omissions Insurance in an amount not less than $1,000,000 per claim. • The insurance coverage must include the buildings and all property included at the specified locations. • The policy must be written on a composite rate basis, listing the total number of rental units. • The bidder must provide a report of all claims, including date of loss, amount paid or reserved, and a description of the type and nature of each claim. • The bidder must deliver a certified duplicate copy of the proposed insurance to the insured. • The insurance coverage must include endorsements, such as a Mistake in Location Clause and a Cancellation Clause.