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<br />- <br /> <br />FLORIDA MUNICIPAL INSURANCE TRUST <br />RFP No. 11-08-01 <br /> <br />~..~~, <br />~~~~~ <br />Iii <br />9 - " -. ii <br />... .- . ...., !" <br /> <br />FLORIDA MUNICIPAL INSURANCE TRUST <br />Proposal for 2011-2012 <br /> <br />Department 01 Insurance <br />and Financial Services <br /> <br />City of Sunny Isles Beach <br /> <br />PROPERTY COVERAGE <br /> <br />Limit <br /> <br />Blanket Real & Personal Property <br /> <br />$36,246,450 <br /> <br />Note: Property on a BlankeUAgreed Value basis requires a current appraisal to maintain both, <br /> <br />Electronic Data Processing: <br /> <br />- Equipment: <br />- Software: <br />- Equipment Breakdown: <br /> <br />Included in Contents <br />Included in Contents <br />Included in Contents <br /> <br />Coinsurance: <br /> <br />Agreed Amount <br /> <br />Values: <br /> <br />100% <br /> <br />Valuation Basis: <br /> <br />Replacement Cost <br /> <br />Coverage Form: <br /> <br />Special <br /> <br />Deductlbles: <br /> <br />$5,000 Per Occurrence - Real & Personal Property, Other Property <br /> <br />For locations within 1/2 mile of Coastal Waters, windstorm damage (other than a Named <br />Storm) shall be $25,000 or the stated policy deductible, whichever is greater. For locations <br />within 1/2 mile of Coastal Waters, the Named Storm deductible shall be 5% of the scheduled <br />value, $25,000 or the stated policy deductible, whichever Is greater. <br /> <br />Named Storm Deductible Is 5% of the scheduled Building, Personal Property, Other Property <br />(including property In the open) and Business Income, The percenlages calculated using the <br />Schedule of Values on file with FMIT. The Named Slorm deductible is calculated separalely and <br />applied individually to each Building, Personal Property, Other Property and Business Income, The <br />minimum deductible is 5% of the scheduled value or the stated policy deducllble, whichever Is <br />greater, <br /> <br />Business Income deductible is 72 hours. <br /> <br />Valuable Papers <br /> <br />Deductible: $5,000 $1,000,000 <br />(Nole: lhe limit stated is in addition to the limit shown on page 2 of proposal) <br />