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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. <br /> Flood is a 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 (N. Bldg), Sunny Isles Beach, Fl.., 33160—Community Center <br /> Description of Property Limits of Coverage: <br /> Building $500,000 <br /> Contents $220,500 <br /> Valuation: <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 /> $1,000 Building <br /> $1,000 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 /> 13 <br />