The URL can be used to link to this page

Home My WebLink AboutCRA-R-11-0019 03-28-2011 BackupPan Am Assurance Agency, Inc. A Proposal To: City of Miami Redevelopment Agency mspan@miamigov.com Property Insurance Proposal for Building Purchase Vacant Building Insurance: Property Address: 29 NW 13`h Street Miami, Florida Endurance American Specialty Insurance Co, Rated A Building Coverage: $5,000,000 Special Form excludes Windstorm and Flood Deductible: $25,000 Annual Premium (including fees): $7,765 Citizens Windstorm Insurance Building Coverage: $1,000,000 (Excess coverage below) Wind and Hurricane Deductible: 3% Annual Premium: $8,579 Alterra Excess & Surplus Insurance Company Rated A Excess Windstorm and Hurricane: $4,000,000 DOCUMENTATION Car os 9100 Sunset Drive Miami, Florida 33173 Phone: 305.270.1424 Pan Am Assurance Agency, Inc. Annual Premium (including fees): $30,456 Liability Insurance: Mount Vernon Fire Insurance Company Rated A Liability Limit: $1,000,000 per occurrence $2,000,000 aggregate Annual Premium: $4,689.05 (SUPPORTING DOCUMENTATION ++ An excess liability policy for 5,000,000 is available for an additional $ 2500 through Mt Vernon Premium Summaries: Property Policy Excluding Wind/Flood $ 7,765 Citizens Wind 1,000,000 $ 8,579 Excess Wind 4,000,000 $ 30,456 General Liability 1,000,000 $ 4,689 Excess Liability 5,000,000 $ 2,650 Grand Total $ 54,139 Pan Am Assurance Agency, Inc. SUPPORTING DOCUMENTATION NS Id G P s nce 1958 INSURANCE PROPOSAL Prepared For Omni Redevelopment District Community Redevelopment Address: Phone: Date: PRESENTED BY: N.S.I. Insurance Group 8181 N.W. 154 Street, Suite 230 Miami Lakes FL 33016 (305) 556-1488 03/07/11 The following information should not be construed as a legal interpretation of actual insurance policies. Please refer to your specific insurance contracts for details on coverages, conditions, exclusions and limitations. SUPPORTING DOCUMENTATION LOCATION SCHEDULE Location Schedule Building Number Location Address Street, City, State, Zip) 1 1 29 NW 13 Street Miami FL 33132 SUPPORTING DOCUMENTATION PREMIUM SUMMARY Named Insured: Omni Redevelopment District Community Redevelopment DESCRIPTION OF COVERAGE PREMIUM Property incl fees & taxes $53,941.74 Commercial General Liability incl fees & taxes $ 3,003.67 Total Estimated Annual Premium* $56,945.41 *AII quoted premiums are annual estimates and may change due to year end audits or mid-term policy changes. Southeast Overtown Park West, Omni, & Midtown CRAs SUMMARY OF PROPOSED PREMIUMS AND RELATED INFORMATION Property Inland Marine General Liability Workers' Compensation Total Premium Options: Terrorism- Property Hired /Non -Owned Auto Add Miami Skills Center Eff 2/15/2011 Miami Skills Center Annual Premium 7,502.00 598.00 5,700.00 4,000.00 17,800.00 SUPPORTING DOCUMENTATION 6,601.00 598.00 5,970.00 8,277.00 21,446.00 $ 1,500.00 $ 500.00 $59,065 iminimobwoOft $95,504 February 15, 2011 Page 13 of 24 Brown & Brown of Florida, Inc.