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6.1 E Paa �3 BAAQMD FY200 9/2010 TF CA Funding Agreement i ATTACHMENT D INSURANCE REQUIREMENTS Verification of Coverage Project Sponsor shall proviide the Air District certificates andJor other evidence of the insurance coverage required below. The Air District reserves the right to require Project Sponsor to provide complete, certified copies of any insurance offered in compliance with these specifications. Certificates, policies and other evidence provided shall specify that the Air District shall receive 30 days advanced notice of cancellation from the insurers. Acceptability of Insurers Insurance is to be placed with insurers with a current A.M. Best's rating of no less than A: VII. The Air District may, at its sole discretion, waive or alter this requirement or accept self- insurance in lieu of any required policy of insurance. Minimum Scope of Insurance Throughout the Term of the Agreement, Project Sponsor shall obtain and maintain in full force and effect the insurance as set forth below. Project Sponsor to initial next to each checked insurance requirement to confirm understanding and Agreement with the applicable Reauired if Project insurance requirements: checked 1. Liability Insurance � X Corporations/Private and Public Entities - a limit of not less than $1,000,000 per ��t�ai occurrence. Such insurance shall be of the e usual and customa to th f typ ry e bus�ness o the Project Sponsor, and to the operation of the vehicles, engines or equipment operated by the Project Sponsor. Single Vehicle Owners - a limit of not less than $750,000 per occurrence. Such insurance ��►�t�a� shall be of the t e usual and custom to the business of the Pro'ect S onsor and to the YP �Y J P � operation of the vehicles, engines or equipment operated by the Project Sponsor. 2. Property Insurance x Repower and New Vehicle/Equipment Purchase - in an amount of not less than the m;�'al insurable value of Project Sponsor's vehicles, engines or equipment funded under the Agreement of which this Attachment is a part, and covering all risks of loss, damage or destruction of such vehicles, engines or equipment. Propert�Insurance for Retrofit Projects — for a112003 model year or newer vehicles in an I�ua� amount of not less than the insurable value of Project Sponsor's vehicles, covering alI risks of loss, damage or dest?�cti�n c�f �uch ��hicle�, e��ines �r �c�ui�� TFCA Regional Fund Project 09R55 Page 15