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<br />OCTOBER 26, 2011 <br /> <br />PREMIUM SUMMARY <br /> <br />COVERAGE <br /> <br />INSURER <br /> <br />DEPOSIT TERM <br />PREMIUM <br /> <br />Builder's Risk <br /> <br />Hiscox/Underwriters at L10yds of <br />London <br /> <br />$108,578.96 <br /> <br />~ <br /> <br />MINIMUM EARNED AND MINIMUM ANNUAL PREMIUM CONDITIONS <br />LLOYDS BUILDERS RISK Deposit Premium is 100% minimum earned for mid term <br />cancellation and will be adjustable upon project completion based <br />on final total contract value and actual project term at the rates <br />shown below: <br /> <br />-1 <br /> <br />FLORIDA FEES & SURCHARGES <br /> <br />Annual Rates: <br />. $0.18 per $100 plus taxes and fees Physical Damage <br />($8,500 AOP Term Premium) <br />. $0.35 per $100 plus taxes and fees Physical Damage <br />Named Windstorm if applicable (Monthly Rate effective <br />from June 1st to November 30th) ($92,559 Wind Term <br />Premium) <br />Florida fees and surcharges are 100% fully earned at inception. <br /> <br />_J <br /> <br />i <br /> <br />. .I <br /> <br />QUOTATIONS ARE SUBJECT To THE FOllOWING <br />The premiums shown are estimated and may differ slightly due to audit, installment charges, <br />estimated taxes and state mandated surcharges. <br /> <br />,./ <br /> <br />Signed Acord Applications (see attached) <br />This is required to bind coverage <br /> <br />...-""'" <br /> <br />Construction schedule and itemized contract cost breakdown <br />This is required to bind coverage <br /> <br />Satisfactory Inspections and compliance with recommendations <br /> <br />_1 <br /> <br />8 <br />