Loading...
The URL can be used to link to this page
Your browser does not support the video tag.
Exhibit 2 - Property Insurance Quote
PRO S-1 4100 (01/20) Page 1 of 23 © 2019 AFM. All rights reserved. INSURANCE PROPOSAL FOR City of Denton To: Neil Cohen From: William Grace At: Lockton Companies, LLC (Dallas) Date: 24 September 2020 A. POLICY TERM FROM: 1 October 2020 12:01 a.m. Standard Time TO: 1 October 2021 12:01 a.m. Standard Time B. NAMED INSURED City of Denton C. POLICY LIMIT This Company's total limit of liability, including any insured Business Interruption loss, will not exceed the Policy Limit of USD 500,000,000 as a result of any one occurrence subject to the respective sub-limits of liability shown elsewhere in this Policy. D. POLICY TERRITORY Coverage provided by this Policy is limited to property while located within the United States of America. Cyber Coverage Territory Coverage provided in Data Restoration; Data Service Provider Property Damage and Business Interruption and Owned Network Interruption is limited to anywhere in the world except Cuba, Iran, North Korea, Sudan, Syria or Crimea Region of Ukraine. E. INSURANCE PROVIDED Location Schedule This Policy covers property, as described in this Policy, against ALL RISKS OF PHYSICAL LOSS OR DAMAGE, except as hereinafter excluded, while located as follows: See attached Schedule of Locations PRO S-1 4100 (01/20) Page 2 of 23 © 2019 AFM. All rights reserved. Sub-Limited Location Schedule This Policy covers property, as described in this Policy, against ALL RISKS OF PHYSICAL LOSS OR DAMAGE, except as hereinafter excluded, not to exceed the limits of liability specified for the coverages indicated, while located as follows: There shall be no liability under this Policy when "NOT COVERED" is shown. See attached Schedule of Sub-Limited Locations F. SUB-LIMITS Unless otherwise stated below or elsewhere in this Policy, the following sub-limits of liability, including any insured Business Interruption loss, will be the maximum payable and will apply on a per occurrence basis. The sub-limits stated below or elsewhere in this Policy are part of and not in addition to the Policy Limit. When a limit of liability applies to a location or property, such limit of liability will be the maximum amount payable for all loss or damage. There shall be no liability under this Policy when “NOT COVERED” is shown as a sublimit. Accounts Receivable USD 5,000,000 Arson or Theft Reward USD 100,000 Attraction Property USD 100,000 boiler and machinery Policy Limit Brand Protection Policy Limit Business Interruption USD 5,000,000, not to exceed the following: 1. USD 5,000,000 for Gross Earnings 2. USD 5,000,000 for Gross Profits, not to exceed 12 months 3. USD 5,000,000 for Rental Income 4. USD 5,000,000 for Extra Expense Change of Temperature USD 100,000 Civil or Military Authority 30 days PRO S-1 4100 (01/20) Page 3 of 23 © 2019 AFM. All rights reserved. Communicable Disease - Property Damage and Communicable Disease - Business Interruption combined USD 1,000 annual aggregate, not to exceed 12 months Contractual Penalties USD 100,000 Crisis Management USD 100,000, not to exceed 30 days cyber event 1. USD 50,000 annual aggregate for Data Restoration and Owned Network Interruption combined 2. USD 50,000 annual aggregate for loss or damage to stock in process or finished goods manufactured by or for the Insured caused by or resulting from cyber event that impacts the processing, manufacturing, or testing of such property or while it is otherwise being worked on. Data Restoration USD 500,000 annual aggregate Data Service Provider - Property Damage and Data Service Provider - Business Interruption combined USD 50,000 annual aggregate Debris Removal Policy Limit Decontamination Costs Policy Limit Deferred Payment USD 100,000 Demolition and Increased Cost of Construction USD 5,000,000 PRO S-1 4100 (01/20) Page 4 of 23 © 2019 AFM. All rights reserved. Earth Movement USD 50,000,000 annual aggregate, not to exceed USD 50,000 annual aggregate for Data Service Provider - Business Interruption, Data Service Provider - Property Damage, Errors and Omissions, Off-Premises Service Interruption - Business Interruption, Off-Premises Service Interruption - Property Damage, Supply Chain and Unnamed Property, combined Errors and Omissions USD 1,000,000 Expediting Expenses USD 250,000 Extended Period of Liability 30 days fine arts USD 250,000, not to exceed USD 10,000 per item for irreplaceable fine arts Flood USD 50,000,000 annual aggregate, not to exceed the following: 1. USD 1,250,000 for the following locations, combined: Location No. 021, City Hall, 215 East McKinney Street, Denton, Texas, 76201, USA; Location No. 022, Emily Fowler Library, 502 Oakland Street, Denton, Texas, 76201, USA; Location No. 025, 321 East McKinney Street, Denton, Texas, 76201, USA; Location No. 026, Senior Citizen Center, 509 North Bell Avenue, Denton, Texas, 76209, USA and Location No. 054, Fire Station #7, 4201 Vintage Boulevard, Argyle, Texas, 76226, USA 2. USD 50,000 annual aggregate for Data Service Provider - Business Interruption, Data Service Provider - Property Damage, Errors and Omissions, Off-Premises Service Interruption - Business Interruption, Off-Premises Service Interruption - Property Damage, Supply Chain and Unnamed Property, combined Green Coverage USD 50,000 not to exceed 25% of the amount of the property damage loss Ingress/Egress USD 500,000 Land and Water Clean Up Expense USD 100,000 annual aggregate PRO S-1 4100 (01/20) Page 5 of 23 © 2019 AFM. All rights reserved. Leasehold Interest USD 250,000 Locks and Keys USD 100,000 Logistics Extra Cost USD 100,000 Money and Securities USD 100,000 Motor Vehicle Coverage USD 5,000,000 Newly Acquired Property USD 2,500,000 Off-Premises Service Interruption - Business Interruption USD 1,000,000 Off-Premises Service Interruption - Property Damage USD 1,000,000 ordinary payroll NOT COVERED Owned Network Interruption Included in cyber event limit Professional Fees USD 100,000 Property Removed from a Location Policy Limit Protection and Preservation of Property - Business Interruption USD 5,000,000 Protection and Preservation of Property - Property Damage Policy Limit, not to exceed USD 250,000 for security costs Research and Development USD 250,000 PRO S-1 4100 (01/20) Page 6 of 23 © 2019 AFM. All rights reserved. Soft Costs USD 100,000 Supply Chain USD 500,000 Tax Treatment USD 100,000 Tenants Legal Liability USD 100,000 Terrorism USD 100,000 annual aggregate, not to exceed USD 100,000 annual aggregate for Flood, Property Removed from a Location and Unnamed Property, combined Terrorism: Supplemental United States Certified Act of Terrorism Endorsement(s) USD 100,000 for property located in United States of America Transit USD 500,000, not to exceed USD 250,000 for Business Interruption Unnamed Property USD 1,000,000 valuable papers and records USD 5,000,000, not to exceed USD 10,000 per item for irreplaceable valuable papers and records G. QUALIFYING PERIODS AND DEDUCTIBLES QUALIFYING PERIODS This Company will not be liable for loss or damage unless the Qualifying Period below is exceeded. When the Qualifying Period is exceeded, the loss will be calculated beginning from the time of loss or damage. The Qualifying Periods for the following coverages are as follows: Communicable Disease - Property Damage and Communicable Disease - Business Interruption combined 48 hours Data Restoration 48 hours PRO S-1 4100 (01/20) Page 7 of 23 © 2019 AFM. All rights reserved. Data Service Provider - Property Damage and Data Service Provider - Business Interruption combined 24 hours Off-Premises Service Interruption - Property Damage and Off-Premises Service Interruption - Business Interruption combined 24 hours Owned Network Interruption 48 hours DEDUCTIBLES This Company will not be liable for loss or damage, including any insured Business Interruption loss, in any one occurrence until the amount of loss or damage exceeds the deductible amount shown below and then this Company will only be liable for its share of the loss or damage in excess of the deductible amount. The following deductible amounts shall apply per occurrence, unless otherwise stated, for insured loss or damage under this Policy. When two or more deductibles apply to a single occurrence, then no more than the largest deductible amount will apply. However, this Policy allows for the application of separate and distinct deductibles and deductibles for specific loss or damage as shown below. When a day equivalent deductible is stated below it is calculated as follows. The 100% daily actual annual Business Interruption value that would have been earned had no loss occurred at the location where the physical damage happened plus that proportion of the 100% annual business interruption value at all other locations where Business Interruption loss ensues, divided by the number of annual working days. When a % percent deductible is stated below it is calculated as follows: 1. The value of property at the time such loss or damage at the location where loss or damage occurs, in accordance with the valuation section of this Policy. 2. The annual Business Interruption value that would have been earned at the location where loss or damage occurs plus that proportion of the 100% Business Interruption value at all other locations where Business Interruption loss ensues, in accordance with the Business Interruption section of this Policy (if any). boiler and machinery USD 50,000, except USD 2 per KVA (maximum nameplate rating) subject to a minimum of USD 50,000 per transformer PRO S-1 4100 (01/20) Page 8 of 23 © 2019 AFM. All rights reserved. Communicable Disease - Property Damage and Communicable Disease - Business Interruption combined USD 50,000 Data Restoration Property Damage: USD 50,000 Business Interruption: 2 day equivalent Data Service Provider - Property Damage and Data Service Provider - Business Interruption combined Property Damage: USD 50,000 Business Interruption: 2 day equivalent earthquake USD 100,000 per location Flood USD 100,000 per location Off-Premises Service Interruption - Property Damage and Off-Premises Service Interruption - Business Interruption combined USD 50,000 Owned Network Interruption 2 day equivalent water damage and sprinkler leakage combined USD 100,000 PRO S-1 4100 (01/20) Page 9 of 23 © 2019 AFM. All rights reserved. wind and hail combined USD 100,000 per location except for the following: 1. USD 250,000 per location for the following locations: Location No. 001, Airport Terminal/Hanger/Control Tower, 5000 & 5003 Airport Road, Denton, Texas, 76207, USA; Location No. 024, South Branch Library, 3228 Teasley Lane, Denton, Texas, 76210, USA; Location No. 025, 321 East McKinney Street, Denton, Texas, 76201, USA; Location No. 026, Senior Citizen Center, 509 North Bell Avenue, Denton, Texas, 76209, USA; Location No. 033, Hickory Creek Lift Station & Control Bldg, FM 2181 Old Alton Road, Denton, Texas, 76210, USA; Location No. 041, City Hall West (Vacant), 221 North Elm Street, Denton, Texas, 76201, USA; Location No. 055, Facilities Management, 869 South Woodrow Lane, Denton, Texas, 76205, USA; Location No. 059, Engineering and Systems Operations, 1685 Spenser Road, Denton, Texas, 76205, USA; Location No. 063, ECO-W.E.R.C.S. at Pecan Creek, 651 South Mayhill Road, Denton, Texas, 76208, USA; Location No. 085, Quebec Hangers, 2031-2241 Skylane, Denton, Texas, 76207, USA and Location No. 091, Fire Drill Tower & Outdoor Classroom, 4111 Vintage Boulevard, Argyle, Texas, 76226, USA 2. USD 350,000 per location for the following locations: Location No. 007, Jim Christal Substation (Airport)/Control Bldg, 8401 Jim Christal Road, Denton, Texas, 76207, USA; Location No. 008, ARCO Substation/Portables, 1868 Geesling Road, Denton, Texas, 76208, USA; Location No. 009, Denton North Interchange (Substation)/Storage, 4105, 4109 & 4110 North Locust Street, Denton, Texas, 76207, USA; Location No. 027, Denia Recreation Center, 1001 Parvin Street, Denton, Texas, 76205, USA; Location No. 028, Northlake Recreation Center/#3 Pavillion/Softball & Football Concession Stands, 2001 West Windsor Drive, Denton, Texas, 76207, USA; Location No. 029, Center for Visual Arts, 400 East Hickory Street, Denton, Texas, 76201, USA; Location No. 054, Fire Station #7, 4201 Vintage Boulevard, Argyle, Texas, 76226, USA and Location No. 065, Teasley Substation, 2428 Hickory Creek Road, Denton, Texas, 76210, USA PRO S-1 4100 (01/20) Page 10 of 23 © 2019 AFM. All rights reserved. 3. USD 450,000 per location for the following locations: Location No. 003, Kings Row Substation/Control Bldg, 1988 Kings Row, Denton, Texas, 76208, USA; Location No. 004, Hickory Substation & Control Bldg, 101 North Bonnie Brae Street, Denton, Texas, 76201, USA; Location No. 006, Northlake Substation/Bldg, 3400 North Bonnie Brae Street, Denton, Texas, 76207, USA; Location No. 014, New Central Fire Station, 332 East Hickory Street, Denton, Texas, 76201, USA; Location No. 022, Emily Fowler Library, 502 Oakland Street, Denton, Texas, 76201, USA; Location No. 030, Water Works Park, 2400 Long Road, Denton, Texas, 76207, USA; Location No. 031, MLK Recreation Center, 1300 Wilson Street, Denton, Texas, 76205, USA; Location No. 032, Solid Waste Services & Maintenance/Landfill Weigh Station/Household Hazard, 1527 South Mayhill Road, Denton, Texas, 76208, USA; Location No. 036, Riney Road Tank, 1720 Riney Road, Denton, Texas, 76207, USA; Location No. 039, Robson Ranch Wastewater Trtmt Plant, 5945 Florence Road, Justin, Texas, 76247, USA; Location No. 053, Electric Administration Building, 1659 Spencer Road, Denton, Texas, 76205, USA; Location No. 066, Fort Worth Substation, 4171 Fort Worth Drive, Denton, Texas, 76205, USA and Location No. 077, Linda McNatt Animal Care and Adoption Center, 3717 North Elm Street, Denton, Texas, 76207, USA 4. USD 500,000 per location for the following locations: Location No. 094, 909 North Loop 288, Denton, Texas, 76209, USA; Location No. 005, Locust Substation/Control Bldg/Portable, 1304 South Locust Street, Denton, Texas, 76201, USA; Location No. 015, Firestation #2, 110 Mockingbird Lane, Denton, Texas, 76209, USA; Location No. 017, Firestation #4 & Annex, 2110 & 2116 East Sherman Drive, Denton, Texas, 76209, USA; Location No. 073, Cooper Creek Substation, 2230 Audra Lane, Denton, Texas, 76209, USA and Location No. 082, New Kings Substation/Main Cntrl bldg, Dist. bldg #1, 2505 Kings Row, Denton, Texas, 76209, USA 5. USD 600,000 per location for the following locations: Location No. 021, City Hall, 215 East McKinney Street, Denton, Texas, 76201, USA and Location No. 023, North Branch Library, 3020 North Locust Street, Denton, Texas, 76209, USA PRO S-1 4100 (01/20) Page 11 of 23 © 2019 AFM. All rights reserved. 6. USD 700,000 per location for the following locations: Location No. 040, Lake Ray Roberts Water Trtmnt Plant/Pumping Station, 9401 Lake Ray Roberts Dam Road, Aubrey, Texas, 76227, USA and Location No. 081, New ARCO Substation/Main Cntrl bldg, Dist. bldg #1, 1900 Geesling Road, Denton, Texas, 76208, USA 7. USD 900,000 per location for the following locations: Location No. 010, Lewisville Water Treatment Plant, 1701 Spencer Road, Denton, Texas, 76205, USA and Location No. 042, City Hall East (Municipal Complex), 601 East Hickory Street, Denton, Texas, 76205, USA 8. USD 1,500,000 per location for the following locations: Location No. 020, Fleet Service Center/Traffic Control, 801 Texas Street, Denton, Texas, 76209, USA and Location No. 034, Wastewater Treatment Plant, 1100 South Mayhill Road, Denton, Texas, 76208, USA All Other Losses USD 50,000 H. ADDITIONAL EXCLUSIONS In addition to the exclusions elsewhere in this Policy, the following exclusions apply unless otherwise stated: 1. Transmission and Distribution Systems Exclusion - PRO 132 (01/19) PROPERTY EXCLUDED is amended to include: Transmission and distribution systems, except at a described location but not within the 1,000 feet extension provided by the PROPERTY INSURED wording. 2. Property Exclusion PROPERTY EXCLUDED is amended to include: New Jim Christal Substation 8151 Jim Christal Road, Denton, TX, 76207 PRO S-1 4100 (01/20) Page 12 of 23 © 2019 AFM. All rights reserved. 3. Business Interruption Exclusion BUSINESS INTERRUPTION is excluded at the following location(s): Loc. No. Title Address 003 Kings Row Substation/Control Bldg 1988 Kings Row, Denton, Texas, 76208, USA 004 Hickory Substation & Control Bldg 101 North Bonnie Brae Street, Denton, Texas, 76201, USA 005 Locust Substation/Control Bldg/Portable 1304 South Locust Street, Denton, Texas, 76201, USA 006 Northlake Substation/Bldg 3400 North Bonnie Brae Street, Denton, Texas, 76207, USA 007 Jim Christal Substation (Airport)/Control Bldg 8401 Jim Christal Road, Denton, Texas, 76207, USA 008 ARCO Substation/Portables 1868 Geesling Road, Denton, Texas, 76208, USA 009 Denton North Interchange (Substation)/Storage 4105, 4109 & 4110 North Locust Street, Denton, Texas, 76207, USA 011 Pockrus Substation Bldgs 3501 Pockrus Page Road & I-35E, Denton, Texas, 76210, USA 064 Bonnie Brae Substation 1221 North Bonnie Brae Street, Denton, Texas, 76201, USA 065 Teasley Substation 2428 Hickory Creek Road, Denton, Texas, 76210, USA 066 Fort Worth Substation 4171 Fort Worth Drive, Denton, Texas, 76205, USA 068 RD Wells Substation 750 Precision Drive, Denton, Texas, 76207, USA 069 Industrial Substation Shady Oaks Drive & Woodrow Lane, Denton, Texas, 76205, USA 070 Woodrow Substation Shady Oaks Drive & Woodrow Park, Denton, Texas, 76205, USA 073 Cooper Creek Substation 2230 Audra Lane, Denton, Texas, 76209, USA 074 McKinney Substation 2520 McKinney Street, Denton, Texas, 76209, USA 081 New ARCO Substation/Main Cntrl bldg, Dist. bldg #1 1900 Geesling Road, Denton, Texas, 76208, USA 082 New Kings Substation/Main Cntrl bldg, Dist. bldg #1 2505 Kings Row, Denton, Texas, 76209, USA 088 Masch Branch Substation 4850 North Masch Branch Road, Denton, Texas, 76207, USA 092 New Northlake Substation/Distribution/Co ntrol Bldg. 3420 North Bonnie Brae Street, Denton, Texas, 76207, USA 093 Locust Substation 1150 South Locust Street, Denton, Texas, 76201, USA PRO S-1 4100 (01/20) Page 13 of 23 © 2019 AFM. All rights reserved. I. SPECIAL TERMS AND CONDITIONS 1. United States Certified Act of Terrorism - PRO 207 (01/20) As respects the United States, its territories and possessions and the Commonwealth of Puerto Rico, the definition of terrorism is declared null and void and it is agreed that a Certified Act of Terrorism under the terms of the SUPPLEMENTAL UNITED STATES CERTIFIED ACT OF TERRORISM ENDORSEMENT attached to this Policy shall be considered terrorism within the terms of this Policy. Notwithstanding anything contained in this Policy to the contrary, this Policy provides coverage for direct physical loss or damage to insured property and any resulting BUSINESS INTERRUPTION loss, as provided in the Policy, caused by or resulting from a Certified Act of Terrorism only to the extent coverage is provided under the terms and conditions of the SUPPLEMENTAL UNITED STATES CERTIFIED ACT OF TERRORISM ENDORSEMENT attached to this Policy. Any difference in limit between loss recoverable under the SUPPLEMENTAL UNITED STATES CERTIFIED ACT OF TERRORISM ENDORSEMENT and this Policy is not recoverable under this Policy. 2. Motor Vehicle Coverage at the Insured’s Locations - PRO 143 (01/17) This Policy covers: a) Motor vehicles; b) Trucks; and c) Trailers; Licensed for highway use while at a described location. PROPERTY EXCLUDED, item 7., is amended to: 7. Motor vehicles licensed for highway use owned by directors, officers and employees of the Insured except while at a described location. Motor Vehicle Coverage Exclusion: With respect to Motor Vehicle Coverage, the following additional exclusions apply: This Policy does not cover loss or damage resulting from: a) Collision; or b) Overturn; While such motor vehicles, trucks, and trailers are being operated under their own power; or being towed (whether or not in motion at the time of loss). As respects Motor vehicles, the following exclusion is added under Group II exclusions under EXCLUSIONS clause: 9. Hail Motor Vehicle Coverage Valuation: On property insured under this coverage, the loss amount will not exceed the actual cash value. PRO S-1 4100 (01/20) Page 14 of 23 © 2019 AFM. All rights reserved. 3. Contractor’s Equipment - PRO 202 (04/15) This Policy covers contractor’s equipment consisting of the following: Manufacturer/Description Serial/VIN Number Sub-Limit of Liability Per schedule on file. USD 25,337,147 The Company’s maximum liability for any one loss under this Policy for each piece of contractor’s equipment will not exceed their respective limit(s) shown above per occurrence. Contractor’s Equipment Valuation: On property insured under this coverage, the loss amount will not exceed the actual cash value. 4. Water Damage Definition - PRO 1057 (09/19) DEFINITIONS is amended to include: water damage means the accidental discharge, escape, leakage, backup or overflow of water from piping, plumbing systems or tanks except damage resulting from flood as described elsewhere in the Policy. J. INDEX OF FORMS The following forms are made part of this Policy: Title Form No. Edition Declarations Page PRO DEC 4100 (04/15) Declarations PRO S-1 4100 (01/20) All Risk Coverage PRO AR 4100 (01/17) Cyber Event Endorsement PRO CYBER EVENT 4100 (06/19) Supplemental United States Certified Act of Terrorism Endorsement 7312 (01/20) Texas Special Mandatory Endorsement AFM 6810 (04/15) PRO S-1 4100 (01/20) Page 15 of 23 © 2019 AFM. All rights reserved. PREMIUM, FEES AND TAXES 2020 City of Denton US Premium Commission Total Premium including the United States Certified Act of Terrorism coverage USD 493,791 0.00% Total Premium excluding the United States Certified Act of Terrorism coverage USD 473,841 0.00% Total Premium for the United States Certified Act of Terrorism USD 19,950 0.00% If the option to purchase coverage for the Supplemental United States Certified Act of Terrorism is elected, the Sub-Limit for Supplemental United States Certified Act of Terrorism will be amended to Policy Limit. Applicable state taxes, surcharges and fees are not included in this proposal. Applicable state taxes, surcharges and fees will be added to the invoice. Any variations between this proposal letter and AFM forms versus your application are not provided. This proposal expires 1 October 2020. PRO S-1 4100 (01/20) Page 16 of 23 © 2019 AFM. All rights reserved. SCHEDULE OF LOCATIONS Location Schedule Loc. No. Title Address 001 Airport Terminal/Hanger/Con trol Tower 5000 & 5003 Airport Road, Denton, Texas, 76207, USA 002 Animal Control Office & Kennel 300 South Woodrow Lane, Denton, Texas, 76205, USA 010 Lewisville Water Treatment Plant 1701 Spencer Road, Denton, Texas, 76205, USA 012 DCTA Intermodal Station 604 East Hickory Street, Denton, Texas, 76205, USA 014 New Central Fire Station 332 East Hickory Street, Denton, Texas, 76201, USA 015 Firestation #2 110 Mockingbird Lane, Denton, Texas, 76209, USA 016 Firestation #3 1204 McCormick Street, Denton, Texas, 76201, USA 017 Firestation #4 & Annex 2110 & 2116 East Sherman Drive, Denton, Texas, 76209, USA 018 Firestation #5 2230 West Windsor Drive, Denton, Texas, 76207, USA 019 Firestation #6 3232 Teasley Lane, Denton, Texas, 76210, USA 020 Fleet Service Center/Traffic Control 801 Texas Street, Denton, Texas, 76209, USA 021 City Hall 215 East McKinney Street, Denton, Texas, 76201, USA 022 Emily Fowler Library 502 Oakland Street, Denton, Texas, 76201, USA 023 North Branch Library 3020 North Locust Street, Denton, Texas, 76209, USA 024 South Branch Library 3228 Teasley Lane, Denton, Texas, 76210, USA 025 321 East McKinney Street, Denton, Texas, 76201, USA 026 Senior Citizen Center 509 North Bell Avenue, Denton, Texas, 76209, USA 027 Denia Recreation Center 1001 Parvin Street, Denton, Texas, 76205, USA 028 Northlake Recreation Center/#3 Pavillion/Softball & Football Concession Stands 2001 West Windsor Drive, Denton, Texas, 76207, USA 029 Center for Visual Arts 400 East Hickory Street, Denton, Texas, 76201, USA 030 Water Works Park 2400 Long Road, Denton, Texas, 76207, USA 031 MLK Recreation Center 1300 Wilson Street, Denton, Texas, 76205, USA 032 Solid Waste Services & Maintenance/Landfill Weigh Station/Household Hazard 1527 South Mayhill Road, Denton, Texas, 76208, USA 033 Hickory Creek Lift Station & Control Bldg FM 2181 Old Alton Road, Denton, Texas, 76210, USA PRO S-1 4100 (01/20) Page 17 of 23 © 2019 AFM. All rights reserved. 034 Wastewater Treatment Plant 1100 South Mayhill Road, Denton, Texas, 76208, USA 036 Riney Road Tank 1720 Riney Road, Denton, Texas, 76207, USA 037 McKenna Park Elevated Storage Tank & Booster Station 705 Thomas Street, Denton, Texas, 76201, USA 039 Robson Ranch Wastewater Trtmt Plant 5945 Florence Road, Justin, Texas, 76247, USA 040 Lake Ray Roberts Water Trtmnt Plant/Pumping Station 9401 Lake Ray Roberts Dam Road, Aubrey, Texas, 76227, USA 041 City Hall West (Vacant) 221 North Elm Street, Denton, Texas, 76201, USA 042 City Hall East (Municipal Complex) 601 East Hickory Street, Denton, Texas, 76205, USA 043 Equipment Storage 804 Texas Street, Denton, Texas, 76209, USA 044 Goldfield Tennis Center 2005 West Windsor Drive, Denton, Texas, 76207, USA 045 American Legion Bldg (South) & Annex (North) 629 Lakey Street, Denton, Texas, 76205, USA 046 Preserve Lift Station 4109 Lakeview Blvd., Denton, Texas, 76208, USA 047 Cooper Creek Lift Station 1201 North Mayhill Road, Denton, Texas, 76208, USA 049 Police Firing Range 3820 Airport Road, Denton, Texas, 76207, USA 050 Nurse's Clinic (Trailer)/Dry Storage 901 Texas Street, Denton, Texas, 76209, USA 051 North Lakes Annex 1117 Riney Road, Denton, Texas, 76207, USA 052 Soccer Office & Concession Stand 3021A North Bonnie Brae Street, Denton, Texas, 76207, USA 053 Electric Administration Building 1659 Spencer Road, Denton, Texas, 76205, USA 054 Fire Station #7 4201 Vintage Boulevard, Argyle, Texas, 76226, USA 055 Facilities Management 869 South Woodrow Lane, Denton, Texas, 76205, USA 056 Fulton Rental Property 1022 North Ruddell Street, Denton, Texas, 76209, USA 057 Alternative Fuel Island & Truck Wash 1521 South Mayhill Road, Denton, Texas, 76208, USA 059 Engineering and Systems Operations 1685 Spenser Road, Denton, Texas, 76205, USA 060 Airport LESA 4550 Swisher Road, Denton, Texas, 76208, USA 061 Southwest Booster Station & Ground Storage Tank 9800 John Payne Road, Argyle, Texas, 76226, USA 062 Roselawn Elevated Storage Tank 3322 Roselawn Drive, Denton, Texas, 76205, USA 063 ECO-W.E.R.C.S. at Pecan Creek 651 South Mayhill Road, Denton, Texas, 76208, USA PRO S-1 4100 (01/20) Page 18 of 23 © 2019 AFM. All rights reserved. 067 Northwest Water Tank 5200 Loop 288, Denton, Texas, 76209, USA 072 Master Recycling Services Bldg 1 & 2 1001 South Mayhill Road, Denton, Texas, 76208, USA 075 Employee Health Center 3537 South Interstate 35 East Suite 317, Denton, Texas, 76210, USA 076 North Lakes Driving Range 2005 West Windsor Drive, Denton, Texas, 76207, USA 077 Linda McNatt Animal Care and Adoption Center 3717 North Elm Street, Denton, Texas, 76207, USA 078 Transmission Engineering Department (TED) Bldg 1671 Spencer Road, Denton, Texas, 76205, USA 079 603 Lakey Street, Denton, Texas, 76205, USA 080 1027 Scott Drive, Denton, Texas, 76205, USA 083 Station 8-Leased Location 3535 S Interstate 35 E, Denton, Texas, 76210, USA 084 Spencer Interchange/Main Control Bldg. 1725 Spencer Road, Denton, Texas, 76205, USA 085 Quebec Hangers 2031-2241 Skylane, Denton, Texas, 76207, USA 086 Development Services Annex 215 West Hickory Street, Denton, Texas, 76201, USA 087 Chiller Plant 319 East McKinney Street, Denton, Texas, 76201, USA 089 SW Triple Wide 527 South Mayhill Road, Denton, Texas, 76208, USA 090 Stroke Bus. Center/Keep Denton Beautiful 608 East Hickory Street, Suites 128 & 130, Denton, Texas, 76205, USA 091 Fire Drill Tower & Outdoor Classroom 4111 Vintage Boulevard, Argyle, Texas, 76226, USA 094 909 North Loop 288, Denton, Texas, 76209, USA PRO S-1 4100 (01/20) Page 19 of 23 © 2019 AFM. All rights reserved. SCHEDULE OF SUB-LIMITED LOCATIONS Sub-Limited Location Schedule Loc. No. Title Address 003 Kings Row Substation/Control Bldg 1988 Kings Row, Denton, Texas, 76208, USA Sub-limit of liability: Location Limit USD 3,976,500 not to exceed Personal Property USD 3,651,500 Real Property USD 325,000 Business Interruption NOT COVERED 004 Hickory Substation & Control Bldg 101 North Bonnie Brae Street, Denton, Texas, 76201, USA Sub-limit of liability: Location Limit USD 4,641,160 not to exceed Personal Property USD 4,201,160 Real Property USD 440,000 Business Interruption NOT COVERED 005 Locust Substation/Control Bldg/Portable 1304 South Locust Street, Denton, Texas, 76201, USA Sub-limit of liability: Location Limit USD 5,492,630 not to exceed Personal Property USD 5,007,630 Real Property USD 485,000 Business Interruption NOT COVERED 006 Northlake Substation/Bldg 3400 North Bonnie Brae Street, Denton, Texas, 76207, USA Sub-limit of liability: Location Limit USD 3,799,680 not to exceed Personal Property USD 3,474,680 Real Property USD 325,000 Business Interruption NOT COVERED PRO S-1 4100 (01/20) Page 20 of 23 © 2019 AFM. All rights reserved. 007 Jim Christal Substation (Airport)/Control Bldg 8401 Jim Christal Road, Denton, Texas, 76207, USA Sub-limit of liability: Location Limit USD 3,802,380 not to exceed Personal Property USD 2,513,380 Real Property USD 1,289,000 Business Interruption NOT COVERED 008 ARCO Substation/Portables 1868 Geesling Road, Denton, Texas, 76208, USA Sub-limit of liability: Location Limit USD 3,543,520 not to exceed Personal Property USD 3,223,520 Real Property USD 320,000 Business Interruption NOT COVERED 009 Denton North Interchange (Substation)/Storage 4105, 4109 & 4110 North Locust Street, Denton, Texas, 76207, USA Sub-limit of liability: Location Limit USD 4,247,960 not to exceed Personal Property USD 3,395,960 Real Property USD 852,000 Business Interruption NOT COVERED 011 Pockrus Substation Bldgs 3501 Pockrus Page Road & I-35E, Denton, Texas, 76210, USA Sub-limit of liability: Location Limit USD 8,459,240 not to exceed Personal Property USD 7,822,240 Real Property USD 637,000 Business Interruption NOT COVERED 064 Bonnie Brae Substation 1221 North Bonnie Brae Street, Denton, Texas, 76201, USA Sub-limit of liability: Location Limit USD 4,752,560 not to exceed Personal Property USD 4,417,560 Real Property USD 335,000 Business Interruption NOT COVERED PRO S-1 4100 (01/20) Page 21 of 23 © 2019 AFM. All rights reserved. 065 Teasley Substation 2428 Hickory Creek Road, Denton, Texas, 76210, USA Sub-limit of liability: Location Limit USD 4,345,840 not to exceed Personal Property USD 3,940,840 Real Property USD 405,000 Business Interruption NOT COVERED 066 Fort Worth Substation 4171 Fort Worth Drive, Denton, Texas, 76205, USA Sub-limit of liability: Location Limit USD 4,115,960 not to exceed Personal Property USD 3,765,960 Real Property USD 350,000 Business Interruption NOT COVERED 068 RD Wells Substation 750 Precision Drive, Denton, Texas, 76207, USA Sub-limit of liability: Location Limit USD 11,982,700 not to exceed Personal Property USD 11,077,700 Real Property USD 905,000 Business Interruption NOT COVERED 073 Cooper Creek Substation 2230 Audra Lane, Denton, Texas, 76209, USA Sub-limit of liability: Location Limit USD 5,838,700 not to exceed Personal Property USD 5,258,700 Real Property USD 580,000 Business Interruption NOT COVERED 074 McKinney Substation 2520 McKinney Street, Denton, Texas, 76209, USA Sub-limit of liability: Location Limit USD 7,846,000 not to exceed Personal Property USD 7,266,000 Real Property USD 580,000 Business Interruption NOT COVERED PRO S-1 4100 (01/20) Page 22 of 23 © 2019 AFM. All rights reserved. 081 New ARCO Substation/Main Cntrl bldg, Dist. bldg #1 1900 Geesling Road, Denton, Texas, 76208, USA Sub-limit of liability: Location Limit USD 8,069,800 not to exceed Personal Property USD 7,219,800 Real Property USD 850,000 Business Interruption NOT COVERED 082 New Kings Substation/Main Cntrl bldg, Dist. bldg #1 2505 Kings Row, Denton, Texas, 76209, USA Sub-limit of liability: Location Limit USD 5,737,000 not to exceed Personal Property USD 5,157,000 Real Property USD 580,000 Business Interruption NOT COVERED 088 Masch Branch Substation 4850 North Masch Branch Road, Denton, Texas, 76207, USA Sub-limit of liability: Location Limit USD 3,352,000 not to exceed Personal Property USD 3,122,000 Real Property USD 230,000 Business Interruption NOT COVERED 092 New Northlake Substation/Distributio n/Control Bldg. 3420 North Bonnie Brae Street, Denton, Texas, 76207, USA Sub-limit of liability: Location Limit USD 6,180,000 not to exceed Personal Property USD 5,490,000 Real Property USD 690,000 Business Interruption NOT COVERED 093 Locust Substation 1150 South Locust Street, Denton, Texas, 76201, USA Sub-limit of liability: Location Limit USD 7,677,000 not to exceed Personal Property USD 6,757,000 Real Property USD 920,000 Business Interruption NOT COVERED PRO S-1 4100 (01/20) Page 23 of 23 © 2019 AFM. All rights reserved. POLICYHOLDER DISCLOSURE NOTICE OF TERRORISM INSURANCE COVERAGE Insured Name: City of Denton Date: 24 September 2020 Account Number: 56362 Insurer Name: Affiliated FM Insurance Company The Terrorism Risk Insurance Act of 2002, as amended and extended, gives you the right as part of your property insurance program to elect or reject insurance coverage for locations within the United States or any territory or possession of the United States for losses arising out of acts of terrorism, as defined and certified in accordance with the provisions of the act. You should know that where coverage is provided for losses resulting from certified acts of terrorism, such losses may be partially reimbursed by the United States government under a formula established by federal law. Under this formula, the United States government generally pays 80% of covered terrorism losses exceeding a statutorily established deductible paid by the insurer referenced above. The Terrorism Risk Insurance Act, as amended, contains a USD 100 billion cap that limits the U.S. government reimbursement as well as insurers’ liability for losses resulting from certified acts of terrorism when the amount of such losses in any one program year exceeds USD 100 billion. If the aggregate insured losses for all insurers exceed USD 100 billion, your coverage may be reduced. The premium charged for this coverage is provided below and does not include any charges for the portion of loss covered by the federal government under the act. Acceptance or rejection of terrorism insurance coverage: under federal law, you have the right to accept or reject this offer of coverage for terrorist acts covered by the act as part of your property insurance program. If we do not receive this signed disclosure form prior to property insurance program inception date of 1 October 2020, then your property insurance program will reflect your decision not to purchase the terrorism coverage provided by the act. ______I hereby elect to purchase coverage for terrorist acts covered by the act for a premium of USD 19,950. This premium does not include applicable taxes or surcharges. ______I hereby decline this offer of coverage for terrorist acts covered by the act. _________________________________ ______________________________ Policyholder/Applicant Signature Date _________________________________ Print Name