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(c) A severability of interest provision must apply for all the additional <br /> insureds, ensuring that Developer's insurance shall apply separately to each insured against whom <br /> a claim is made or suit is brought, except with respect to the insurer's limits of liability. <br /> (d) Developer hereby grants to City a waiver of subrogation which any insurer <br /> of said Developer may acquire against City of Santa Ma, its City Council, officers, officials, <br /> employees, agents and volunteers"by virtue of the payment of any loss under such insurance. <br /> Developer agrees to obtain any endorsement(s)that may be necessary to affect this waiver of <br /> subrogation, but this provision applies regardless of whether or not City has received a waiver of <br /> subrogation endorsement from any insurer(s). <br /> (e) Each insurance policy required by this clause shall provide that coverage <br /> shall not be canceled, suspended, voided, reduced in scope or in limits,non-renewed by the carrier, <br /> or materially changed except after thirty (30) days prior written notice has been given to City and <br /> ten (10) days prior written notice of policy cancellation or non-renewal due to non-payment. <br /> (f) Certificate Holder on each Evidence of Insurance certificate shall be: City <br /> of Santa Ma,Attention: (Name of Department Staff Responsible for Agreement), 20 Civic Center <br /> Plaza M-26 (Housing Division), Santa Ma, CA 92701. The name and location of project must be <br /> indicated in the Description of Operations section of each certificate. <br /> (g) If any of the insurance required under this Agreement is not commercially <br /> available, not applicable to the Project, or imposes an undue cost burden on the Project, the City <br /> may, in its sole and absolute discretion, agree to reduce the coverage or waive the coverage; <br /> provided, however, that if such coverage does become available or applicable to the Project, and <br /> securing the insurance would not impose an undue burden on the Project, the City may require the <br /> insurance to be procured within thirty(30) days of written notice. <br /> 15.4 Builder's Risk(Course of Construction)Insurance. Developer may submit <br /> evidence of Builder's Risk insurance in the form of Course of Construction coverage. Such <br /> coverage shall name City of Santa Ma as a loss payee as its interest may appear. If the project <br /> does not involve new or major reconstruction, at the option of City, an Installation Floater may be <br /> acceptable. For such projects, a Property Installation Floater shall be obtained that provides for the <br /> improvement, remodel, modification, alteration, conversion or adjustment to existing buildings, <br /> structures, processes, machinery and equipment. The Property Installation Floater shall provide <br /> property damage coverage for any building, structure, machinery or equipment damaged, impaired, <br /> broken, or destroyed during the performance of the Work, including during transit, installation, and <br /> testing at Project site. <br /> 15.5 Claims Made Policies. If any coverage required is written on a claims-made <br /> coverage form: <br /> (a) The retroactive date must be shown, and this date must be before the <br /> execution date of the contract. <br /> 22 <br /> 55394.00101\42414134.1 <br />