HomeMy WebLinkAboutCRA-R-08-0027 Back-up•
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INSURANCE
April 11, 2008
CITY OF MIAMI SEOPW
OMNI & MIDTOWN CRA
49 NW 5TH ST SUITE 100
MIAMI, FL 33128
Re: Proposal Letter
Commercial Package
Policy Term: 06/23/08 to 06/23/09
Dear Omni:
Brown & Brown of Florida, Inc.
220 South Ridgewood Avenue (32114)
P.O. Box 2412 ■ Daytona Beach, FL 32115
386/252-9601 • FAX 386/239-5729
We are pleased to offer the following insurance terms. Higher limits may be available;
please let us know if you would like to receive a quote for higher limits.
Perils: Basic form Excluding Wind, Hail, Quake, Flood, Theft
Limits: $3, 000,000 General Aggregate
Excludes Products/Completed Operations
Excludes Personal & Advertising Injury
$3, 000, 000 Each Occurrence
$50, 000 Fire Damage
$1, 000 Medical Expense
$130,000 BPP
$20,000 BI W/O EE
90% Coinsurance except 1/4Monthly Limitation on Business Income
Deductibles: General Liability: $1,000 Business Income/Property Damage/Personal Injury &
per claim including Loss Adjustment Expenses
Property: $1,000 all other perils Deductible Excluding Wind, Hail, and Theft
Premium: $4,625 Policy Fee: $35.00
Fees: $85.60 FL Catastrophe Fee: $4.00
CPIC Assessment Fee: $46.60
Total Premium without Terrorism: $4,710.60
Terrorism Risk Insurance Act of 2002 the policyholder must elect or decline this
coverage. Additional premium of $250 plus tax/fees.
Subject to:
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Brown & Brown of Florida, Inc.
220 South Ridgewood Avenue (32114)
P.O. Box 2412 • Daytona Beach, FL 32115
386/252-9601 ■ FAX 386/239-5729
1. Completed original application signed by insured
2. Satisfactory Inspection
3. Premium is 25% minimum earned if insured cancels
4. Premium is minimum & deposit, subject to audit
5. All policy fees and inspections fees are fully earned and non refundable
6. Signed and completed Terrorism Risk Insurance Form
Exclusions include (but are not limited to): Combination Endorsement- Classification
Limitation; Supplementary Payments; Breach of Contract Exclusion, Employers Liability
Exclusion, Punitive Damage Exclusion, Professional Liability Exclusion, Auto
Snowmobile & ATV Exclusion, Discrimination, Negligence in Hiring, Sports or Athletic
Participants, Cross Suits, Criminal, Fraudulent, dishonest or Maliucious Acts, Employee/
Volunteer Injury Exclusion, Movement of Land or Earth Exclusion, Asbestos, Lead, Silica
Dust, Dust and/or Toxic Dust, Fungi, Bacteria, Organic Pathogens, Bio-Organic Growth
and/or Systemic Chemical Poisoning; No Coverage no duty to defend.
War or Terrorism Exclusion, Personal & Advertising Injury Exclusion, Products &
Completed Operations Exclusion, Theft Exclusion, Windstorm & Hail Exclusion.
Inland Marine
Limits: $74,706 Scheduled Equipment
Perils: Miscellaneous Property Floater Excluding Flood and Quake
Deductible: $1,000 per Occurrence Except
3% Wind & Hail Deductible Subject to a
$2,500 Wind & Hail Deductible
Valuation: ACV subject to Theft is excluded on Laptops away from premises
Premium: Premium $1,061.00
Fees $49.96
Total Premium: $1,110.96
Policy Fee-XCA $35.00
FL Catastrophe Fee $4.00
Other Fee $10.96
Subject to: Completed original application signed by insured
Please review and let us know if you have any questions or if you would like to accept
this proposal.
Sincerely,
CcAik,f
Ara Morales
Account Manager
Enclosure