§ 195-8. Insurance policies.

Each permittee shall execute an indemnification agreement indemnifying the borough and holding it harmless from any and all claims arising directly or indirectly from the actions of the permittee. Each permittee shall obtain and keep in effect the following policies of insurance naming the borough as an additional insured. Said agreement must be accepted by the borough's insurer as to form and content.

A. 

Garage keeper’s legal liability policy; a garage keeper’s legal liability policy covering vehicles while stored against loss by fire or other casualty in the minimum amount of $50,000.

B. 

Liability policy for vehicles while being towed: a policy covering the operation of the applicant's equipment, vehicles and wreckers for any bodily injury or property damages in the minimum amount of $300,000 per person, $500,000 per incident and $100,000 property damage. Each policy described herein shall contain an endorsement providing for 10 days' notice to the borough in the event of cancellation thereof. If an operator to whom a permit has been issued fails to keep the required insurance in effect, the Chief of Police shall immediately suspend the permit and any device identifying the permit.

Amended 12-7-2010 by Ord. No. 30-2010