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Reso 2012-1958
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Reso 2012-1958
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Last modified
10/11/2012 3:56:03 PM
Creation date
10/11/2012 3:55:19 PM
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CityClerk-Resolutions
Resolution Type
Resolution
Resolution Number
2012-1958
Date (mm/dd/yyyy)
09/20/2012
Description
PGIT for Commercial Pkg Policy, Workers Comp & Misc Ins. FY 2012/13
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WINDSTORM & HAIL DEDUCTIBLE SAMPLE ILLUSTRATION <br /> FLAT DEDUCTIBLE vs. PERCENTAGE Windstorm and Hail Deductible <br /> This deductible would apply to a claim for damage caused by windstorm. <br /> Building Replacement Cost Flat Ded. 2% Ded. 3% Ded. 5% Ded. <br /> Bldg#1 -$1,000,000 $5,000 $20,000 $30,000 $50,000 <br /> Bldg#2 - $2,000,000 $5,000 $40,000 $60,000 $100,000 <br /> Bldg#3 - $3,000,000 $5,000 $60,000 $90,000 $150,000 <br /> Bldg#4 - $4,000,000 $5,000 $80,000 $120,000 $200,000 <br /> TOTALS: <br /> Value - $10,000,000 $20,000 $200,000 $300,000 $500,000 <br /> Percentage wind deductibles are calculated as a percentage of the total replacement value. <br /> The deductible for all other perils applies to an "occurrence",not per building. <br /> 11 <br />
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