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(1) The applicant shall file with the City Clerk a certificate of insurance or a copy of the insurance policy showing that the applicant has in full force and effect limits of not less than:

(a) Bodily injury to one person, $25,000;

(b) Bodily injury to more than one person, $100,000;

(c) Property damage suffered by one person, firm or corporation, including the City, $25,000;

(d) Property damage suffered by more than one person, firm or corporation, including the City, $75,000;

(2) There shall also accompany the certificate or copy of the insurance policy a covenant on the part of the insurer that the insurance coverage will not be canceled or lapsed for a period of 30 days following written notice given by the insurer to the City Clerk. [Ord. 4515 § 2, 2021; Ord. 1810 § 6, 1976; Code 1970 § 16.28.060.]