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Execution of the Liability Coverage Waiver Form, Which Accepts Liability Coverage Limits of $500,000 and Does Not Waive the Monetary Limits on Municipal Tort Liability Claims for the City of Luverne.
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This is an annual authorization that the City Council grants to the City Administrator to not waive the statutory tort limits. An individual claimant would be able to recover no more than $500,000 on any claim to which the statutory tort limits apply. If the City waives the statutory tort limits and does not purchase excess liability coverage, a single claimant could potentially recover up to $2 million on a single occurrence.
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City Administrator Recommendation: City Council Approve Execution of the Liability Coverage Waiver Form, Which Accepts Liability Coverage Limits of $500,000 and Does Not Waive the Monetary Limits on Municipal Tort Liability Claims for the City of Luverne.