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1 <br />v. <br />�V <br />fr <br />L- <br />F= <br />r -, Its <br />i <br />w <br />Attachment number I <br />Paee 37 of 48 <br />PROPOSED FLOOD COVERAGE THROUGH <br />THE NATIONAL FLOOD INSURANCE PROGRAM <br />Coverage is afforded only for direct loss by or from flood to the insured property. Flood is a <br />general and temporary inundation of normally dry land areas from: <br />• Overflow of inland or tidal waters <br />• The unusual and rapid accumulation or runoff of surface waters from any source. <br />• Mudslides (i.e. mudflows) which are proximately caused by flood, and are akin to river of <br />liquid and flowing mud on the surface of normally dry land areas. <br />• The collapse or subsidence of land along the shore of a lake or other body of water exceeding <br />the cyclical levels, which results in flood. <br />Location of Premises: <br />18115 N. Bay Road (S. Bldg), Sunny Isles Beach, Fl. 33160 — Gym <br />Description of Property <br />Building <br />Contents <br />Valuation: <br />Limits of Coverage: <br />$500,000 <br />$63,800 <br />General Property Form — Actual Cash Value — Replacement cost of the property less <br />depreciation <br />Personal Property — Actual Cash value (replacement cost of the property less <br />depreciation) <br />Coinsurance: <br />N/A <br />Deductibles: <br />$1,250 Building <br />$1,250 Personal Property <br />Waiting Period: <br />If this is the first time you are purchasing Flood Coverage on the location shown above, <br />you should be aware that there is a standard 30 -Day waiting period for this coverage. <br />The 30 -Day waiting period also applies to increases in coverage or additions of coverage <br />on an existing policy. <br />36 <br />Agenda Item No. IOA <br />143 <br />