OPA: Grimshaw House - City of Anaheim

statutes and Employers’ Liability Insurance in an amount not less
than One Million Dollars ($1,000,000);
(B) Commercial General Liability Insurance, including coverage for
Contractual Liability, Personal Injury Liability,
Products/Completed Operations Liability, Broad-Form Property
Damage and Independent Contractor's Liability, in an amount of
not less than Three Million Dollars ($3,000,000.00) per
occurrence, combined single limit, written on an occurrence form;
(C) Comprehensive Automobile Liability coverage, including - as
applicable - owned, non-owned and hired autos, in an amount of
not less than One Million Dollars ($1,000,000.00) per occurrence,
combined single limit, written on an occurrence form; and
601.2 Insurance Coverage Required Prior to Construction and Until the
Issuance of the Release of Construction Covenants. Prior to commencing the
Construction and until the issuance of the Release of Construction Covenants,
Developer shall secure and maintain the following insurance coverage:
(A) “All risk” builder’s risk (course of construction) insurance
covering one hundred percent (100%) of the replacement cost of
the Housing Units in the event of fire, lightening, windstorm,
vandalism, earthquake (if available at commercially reasonable
rates), malicious mischief and all other risks normally covered by
“all risk” builder’s risk policies in the area where the Site is located
(including loss by flood if the Site is in an area designated as
subject to danger of flood).
601.3 Insurance Coverage Required After the Issuance of the Release of
Construction Covenants and Until the Recordation of the Release of
Memorandum of Agreement. Promptly upon the issuance of the Release of
Construction Covenants and until the recordation of the Release of Memorandum
of Agreement, Developer shall secure and maintain the following insurance
coverage:
(A) “All risk” property insurance covering one hundred percent (100%)
of the replacement cost of the Housing Units for which an Initial
Sale has not occurred in the event of fire, lightening, windstorm,
vandalism, earthquake (if available at commercially reasonable
rates), malicious mischief and all other risks normally covered by
“all risk” property policies in the area where the Site is located
(including loss by flood if the Site is in an area designated as
subject to danger of flood).
(B) Business interruption and extra expense insurance to protect
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