LMCIT Property, Crime, Bond and Petrofund Coverage Guide

Informational Memo

Published: November 15, 2020

LMCIT Property Crime Bond and Petrofund Coverage Guide
(pdf, 429.5KB )
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See accompanying model form and document below.

Learn about property, crime, and petrofund coverage offered by the League of Minnesota Cities Insurance Trust (LMCIT).  Discussion includes builder’s risk coverage and property coverage options for bond, flood, equipment breakdown, and municipal electric utilities. Understand coverage limits, LMCIT’s property appraisal program, and schedule of property to identify at renewal and midterm. Includes information on filing a property claim.

Use this model form and chart with the discussion in the “LMCIT Property, Crime, Bond and Petrofund Coverage Guide”: