5.28.060 Liability insurance required.
Every towing operator shall file with the finance department a policy or policies of public liability insurance, approved as to sufficiency and as to form by the finance department, issued by an insurance company or companies authorized to do business in the state of Washington, providing indemnity for or protection of the city as well as the owners of vehicles in the care, custody or control of the licensee, against loss, as follows:
A. A garage keeper’s legal liability policy covering fire, theft, explosion, and collision in the following amounts:
1. Fire, theft of entire automobile and contents, and explosion with a minimum coverage of ten thousand dollars for each hazard,
2. Collision subject to one hundred dollars deductible with each accident deemed a separate claim;
B. A public liability policy covering the operation of the licensee’s business, equipment or vehicles for any bodily injury or property damage with a minimum coverage of one hundred thousand dollars for any one person killed or injured in any one accident or occurrence and three hundred thousand dollars for more than one person killed or injured in any one occurrence or accident. Such policy shall also provide ten thousand dollars minimum limit for all damage arising out of injury to or destruction of property;
C. All such policies must contain an endorsement providing for ten days’ notice to the finance department in the event of any change or cancellation. (Ord. 1262 §21, 2006; Ord. 145 §6, 1970).