• Saugeen First Nation
  • Saugeen First Nation

Cottage Insurance

During the term of a lease the Lessee will maintain at the Lessee’s own cost with one or more companies satisfactory to the Minister of Indian and Northern Affairs and the Saugeen Band, comprehensive general liability insurance in the joint names of the lessee and Her Majesty in a form satisfactory to the Minister and the Saugeen Band against claims for personal injury, death or property damage occurring on or about the Lands and Improvements, arising out of or resulting from the Lessee’s possession, occupation, use and control of the Lands and Improvements, such insurance to afford protection to the minimum limit of ONE MILLION ($1,000.000.00) DOLLARS for Recreational Lease and THREE MILLION for Commercial Leases or such limits as may be set from time to time by the Minister in writing.

The Lessee will furnish the Minister (Saugeen Lands Office) with certificates evidencing such policies within 30 days of the commencement of the Term of his or her lease and a certificate of renewal at least 5 days prior to the date of the expiration of any policy in force.

In the event that the Lessee fails to effect such insurance or renewal thereof or to furnish a certificate, the Minister may procure such insurance and the premium paid by the Minister will be deemed to be additional rent due and payable by the Lessee to Her Majesty forthwith.

See Section 16 of the Recreational Lease Agreement for further details.