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c c c FLORIDA MUNICIPAL INSURANCE TRUST RFP No, 11-08-01 FLORIDA MUNICIPAL INSURANCE TRUST Proposal for 2011-2012 Department of Insurance and Financial Services City of Sunny Isles Beach PROPERTY COVERAGE Limit Blanket Real & Personal Property $36,246,450 Note: Property on a Blanket/Agreed Value basis requires a current appraisal to maintain both, Electronic Data Processing: - Equipment: - Software: - Equipment Breakdown: Included in Contents Included in Contents Included in Contents Coinsurance: Agreed Amount Values: 100% Valuation Basis: Replacement Cost Coverage Form: Special Deductibles: $5,000 Per Occurrence - Real & Personal Property, Other Property For locations within 1/2 mile of Coastal Waters, windstorm damage (other than a Named Storm) shall be $25,000 or the stated policy deductible, whichever is greater, For locations within 1/2 mile of Coastal Waters, the Named Storm deductible shall be 5% of the scheduled value, $25,000 or the stated policy deductible, whichever is greater, Named Storm Deductible is 5% of the scheduled Building, Personal Property, Other Property (including property in the open) and Business Income, The percentages calculated using the Schedule of Values on file with FMIT, The Named Storm deductible is calculated separately and applied individually to each Building, Personal Property, Other Property and Business Income. The minimum deductible is 5% of the scheduled value or the stated policy deductible, whichever is greater. Business Income deductible is 72 hours. Valuable Papers Deductible: $5,000 $1,000,000 (Note: the limit stated is in addition to the limit shown on page 2 of proposal)