Exhibit 3 - Property Quotes ComparisonCity of Denton (5/25 Inception)
Property Quotes Comparison ✔ Indicates the same as the Base Policy Terms
Updated: 05/11/21 Red Font indicates a difference from Expiring Terms
2020-21
Expiring Terms SwissRe AIG Starr Lloyds (Amlin, Aspen, HDI AEGIS Zurich
Policy Numbers (TBA)UTP 2000206-02 29130061 EUT N18211749 B128420030W20
Bound
Authorization 35.00%25.00%25.00%15.00%100.00%15.00%
Expiring Participation 100.00%35.00%25.00%25.00%15.00%
Security Wesport Insurance Corporation National Union Fire Insurance
Company of Pittsburgh, PA
Ace American Insurance Company Lloyds of London - various Associated Electric & Gas
Insurance Services Limited,
Awaiting markets behind Amlin
Admitted/Non-admitted Admitted Admitted Admitted Non-admitted Non-admitted Admitted
EXPIRING Property $146,886,280 ✔✔✔✔
EXPIRING Business Interruption $15,720,000 ✔✔✔✔
EXPIRING TIV $162,606,280 ✔✔✔✔
RENEWAL Property $154,291,324 ✔✔✔✔✔
RENEWAL Business Interruption $5,514,578 ✔✔✔✔✔
RENEWAL TIV $159,805,902 ✔✔✔✔✔
EXPIRING 100% All-Risk, excluding Terrorism
(Gross)
$509,967 $501,723 $448,956 $560,000 $547,500
EXPIRING 100% TRIA Premium (Gross)$21,847 $18,583 $23,388 $21,560 $27,375
Brokerage 17.50%10.00%15.00%20%
EXPIRING 100% All-Risk, excluding Terrorism
(Net)
$447,013 $413,921 $404,060 $476,000 $547,500
EXPIRING 100% TRIA Premium (Net)$19,316 $15,331 $21,049 $18,326 $27,375
Brokerage NIL NIL NIL 20%
EXPIRING Account Rate 0.275%0.255%0.248%0.293%0.337%
Indication Price Only
QUOTED 100% All-Risk, excluding Terrorism $559,294 $498,853 $550,000 $615,000 $622,967 $450,000 $670,000
QUOTED 100% TRIA Premium $23,324 $18,477 $27,500 $21,240 $31,148 $17,000 $20,100
Market Share Premium (incl. TRIA)$582,618 $181,066 $144,375 $159,060 $98,117 $467,000 $690,100
Brokerage NIL NIL NIL 20%NIL NIL
QUOTED Account Rate 0.350%0.312%0.344%0.385%0.390%0.282%
Account Rate Chg YoY 27.31%22.63%38.50%31.47%15.78%2.4%
QUOTED Premium Credit to Remove BI ($30,684)($34,742)($30,000)($20,000)($40,162)($30,000)
Tornado limit options; $25M
limit at Premium of $376,235
(plus TRIA); $50M limit at
$416,235 (plus TRIA) and $100M
limit at premium shown above
($100M limit is recommended
by Lockton)
Premium Payment Terms 30 days 30 days 30 days 30 days 60 days 30 days
Cancellation 60 days, 10 non-payment 60 days, 10 non-payment 30 days, 10 non-payment 60 days, 10 non-payment 60 days, 10 non-payment 90 days, 10 non-payment
Policy Language SwissRe Edge All Risk SwissRe Edge All Risk SwissRe Edge All Risk SwissRe Edge All Risk SwissRe Edge All Risk AEGIS standard
Retentions (per occurrence)
All Losses, except $250,000 $250,000 $250,000 $250,000 $250,000 $250,000
USD 170M (TIV) Quota Share New Markets
Exhibit 3 - Property Quotes Comparison
21-22 Quotes Comparison Page 1 of 6
City of Denton (5/25 Inception)
Property Quotes Comparison ✔ Indicates the same as the Base Policy Terms
Updated: 05/11/21 Red Font indicates a difference from Expiring Terms
2020-21
Expiring Terms SwissRe AIG Starr Lloyds (Amlin, Aspen, HDI AEGIS Zurich
Policy Numbers (TBA)UTP 2000206-02 29130061 EUT N18211749 B128420030W20
Bound
Authorization 35.00%25.00%25.00%15.00%100.00%15.00%
Expiring Participation 100.00%35.00%25.00%25.00%15.00%
Security Wesport Insurance Corporation National Union Fire Insurance
Company of Pittsburgh, PA
Ace American Insurance Company Lloyds of London - various Associated Electric & Gas
Insurance Services Limited,
Awaiting markets behind Amlin
Admitted/Non-admitted Admitted Admitted Admitted Non-admitted Non-admitted Admitted
USD 170M (TIV) Quota Share New Markets
Gas Engine Generators $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
Named Windstorm 2% of property values,
minimum $250,000
2% of property values, minimum $250,000 2% or reported values,
minimum $250,000
2% or reported values, minimum
$250,000
2% or reported values, minimum
$250,000
2% or reported values, minimum
$250,000
Tornado loss (not associated with Named
Windstorm)
$500,000 $500,000 $500,000 $500,000 $500,000 $1,000,000
Time Element, except 30 days 30 days 30 days 30 days 30 Days, BI/CBI only 30 days
Time Element iro Gas Engine Generators 45 days 45 days 45 days 45 days 45 Days BI/CBI only 45 days
Service Interruption Qualifier 24 hour 24 hours 24 hours 24 hours 24 hours 24 hours
Preservation of Property 48 hours 48 hours 48 hours 48 hours 48 hours
Policy Limit (expiring $162,606,280)$159,805,902 ✔✔✔✔✔
CAT - Sublimits of Liability
Earth Movement (annual aggregate)$25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000
Earth Movement - California/High Hazard Excluded Excluded
Earth Movement - Newly Acq., E&O,
Exhibitions/Fairs/Tradeshows, MUL
Excluded Excluded Excluded Excluded Excluded Excluded for MUL, Newly Acq,
COC
Flood (annual aggregate), except:$25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000
Flood - Newly Acq., E&O,
Exhibitions/Fairs/Tradeshows, MUL
Excluded Excluded Excluded Excluded Excluded Excluded for MUL, Newly Acq,
COC
Flood - High Hazard Flood Zones Excluded Excluded Excluded Excluded Excluded Excluded
Flood - Medium Hazard Flood Zones Excluded Excluded Excluded Excluded silent
Named Windstorm including Storm Surge
(annual aggregate)
$25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000 $25,000,000
Tornado (not associated with Named Windstorm)Policy Limit ✔✔✔✔$100,000,000 (includes Hail and
Tornado); Option to decrease
limits to $25M or $50M shown
in table below
Named Windstorm including Storm Surge -
Newly Acq., E&O, Exhibitions/Fairs/Tradeshows,
MUL
Excluded Excluded Excluded Excluded Excluded Excluded for MUL, Newly Acq,
COC
Sublimits of Liability
Accounts Receivable $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Exhibit 3 - Property Quotes Comparison
21-22 Quotes Comparison Page 2 of 6
City of Denton (5/25 Inception)
Property Quotes Comparison ✔ Indicates the same as the Base Policy Terms
Updated: 05/11/21 Red Font indicates a difference from Expiring Terms
2020-21
Expiring Terms SwissRe AIG Starr Lloyds (Amlin, Aspen, HDI AEGIS Zurich
Policy Numbers (TBA)UTP 2000206-02 29130061 EUT N18211749 B128420030W20
Bound
Authorization 35.00%25.00%25.00%15.00%100.00%15.00%
Expiring Participation 100.00%35.00%25.00%25.00%15.00%
Security Wesport Insurance Corporation National Union Fire Insurance
Company of Pittsburgh, PA
Ace American Insurance Company Lloyds of London - various Associated Electric & Gas
Insurance Services Limited,
Awaiting markets behind Amlin
Admitted/Non-admitted Admitted Admitted Admitted Non-admitted Non-admitted Admitted
USD 170M (TIV) Quota Share New Markets
Business Interruption (see Power Generating
Income)
$15,720,000 not to exceed
delared monthly reported
values pro rata to lost MWs
12 month indemnity period
$5,514,578 not to exceed declared monthly
reported values pro rata to lost MWs 12 month
indemnity period
$5,514,578 not to exceed
declared monthly reported
values pro rata to lost MWs 12
month indemnity period
$5,514,578 not to exceed declared
monthly reported values pro rata
to lost MWs 12 month indemnity
period --- only where declared
Per SOV declared monthly reported
values pro rata to lost MWs 12
month indemnity period
$5,514,578 not to exceed 105%
of monthly margin reported on
file
Commissioning, Licensing, Royalties Excluded Excluded Excluded Excluded Excluded Excluded
Contingent Time Element - Direct Named $10,000,000 $10,000,000 $10,000,000 $10,000,000 See 1st Tier $10,000,000
Contingent Time Element - Direct and unnamed Excluded Excluded Excluded Excluded Excluded Excluded
Contingent Time Element - Indirect Excluded Excluded Excluded Excluded Excluded Excluded
Contingent Business Interruption - 1st Tier
Named
$10,000,000
Course of Construction $5,000,000 (PD/TE)$5,000,000 (PD/TE)$5,000,000 (PD only)$5,000,000 (PD only)Both are listed $10,000,000
Crisis Management Excluded Excluded Excluded Excluded Excluded Excluded
Data Restoration Excluded Excluded Excluded Excluded Excluded Excluded
Debris Removal or 25% of PD/TE, or
$5,000,000 whichever is lesser
or 25% of PD/TE, or $5,000,000 whichever is lesser or 25% of PD/TE, or
$5,000,000 whichever is lesser
or 25% of PD/TE, or $5,000,000
whichever is lesser
$5,000,000 or 25% of loss,
whichever is lesser
or 25% of PD/TE, or $10,000,000
whichever is lesser
Decontamination Costs Excluded Excluded Excluded Excluded Excluded Excluded
Defense Cost $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
Deferred Payments Excluded Excluded Excluded Excluded Excluded Excluded
Demolition and/or Increased Cost of
Construction due to Law or Ordinance
$10,000,000 (PD/TE)$10,000,000 (PD/TE)$10,000,000 (PD/TE)$10,000,000 (PD/TE)$10,000,000 (PD/TE)$10,000,000 (PD/TE)
Errors or Omissions $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000
Exhibitions, Expositions, Fairs or Tradeshows Excluded Excluded Excluded Excluded Excluded Excluded
Expediting Expense $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000
Extended Period of Indemnity Excluded Excluded Excluded Excluded Excluded 30 days
Extra Expense $2,500,000, excludes
Replacement Power
$2,500,000, excludes Replacement Power $2,500,000, excludes
Replacement Power
$2,500,000, excludes Replacement
Power
$2,500,000, excludes Replacement
Power
$2,500,000, excludes
Replacement Power
Fine Arts $500,000
max $100K per item
$500,000
max $100K per item
$500,000
max $100K per item
$500,000
max $100K per item
$500,000, subject to $100,000 per
item
$500,000
Fire and Police Department Service Charges $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Gross Earnings Excluded Excluded silent Excluded silent See BI
Gross Profits Excluded Excluded silent Excluded silent See BI
Impounded Water Excluded Excluded Excluded Excluded Excluded Excluded
Infrastructure System $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 Silent
Ingress/Egress 30 days, or $1,000,000
whichever is lesser (1 mile
statute)
30 days, or $1,000,000 whichever is lesser (1 mile
statute)
30 days, or $1,000,000
whichever is lesser (1 mile
statute)
30 days, or $1,000,000 whichever
is lesser (1 mile statute)
30 days, or $1,000,000 whichever is
lesser (1 mile statute)
30 days, or $1,000,000
whichever is lesser (5 mile
statute)
Exhibit 3 - Property Quotes Comparison
21-22 Quotes Comparison Page 3 of 6
City of Denton (5/25 Inception)
Property Quotes Comparison ✔ Indicates the same as the Base Policy Terms
Updated: 05/11/21 Red Font indicates a difference from Expiring Terms
2020-21
Expiring Terms SwissRe AIG Starr Lloyds (Amlin, Aspen, HDI AEGIS Zurich
Policy Numbers (TBA)UTP 2000206-02 29130061 EUT N18211749 B128420030W20
Bound
Authorization 35.00%25.00%25.00%15.00%100.00%15.00%
Expiring Participation 100.00%35.00%25.00%25.00%15.00%
Security Wesport Insurance Corporation National Union Fire Insurance
Company of Pittsburgh, PA
Ace American Insurance Company Lloyds of London - various Associated Electric & Gas
Insurance Services Limited,
Awaiting markets behind Amlin
Admitted/Non-admitted Admitted Admitted Admitted Non-admitted Non-admitted Admitted
USD 170M (TIV) Quota Share New Markets
Interruption by Civil or Military Authority 30 days, or $1,000,000
whichever is lesser (1 mile
statute)
30 days, or $1,000,000 whichever is lesser (1 mile
statute)
30 days, or $1,000,000
whichever is lesser (1 mile
statute)
30 days, or $1,000,000 whichever
is lesser (1 mile statute)
30 days, or $1,000,000 whichever is
lesser (1 mile statute)
30 days, or $1,000,000
whichever is lesser (5 mile
statute)
Land and/or Water Contaminants, Cleanup,
Removal, and Disposal (Annual Aggregate)
$500,000 $500,000 $500,000 $500,000 $500,000 $500,000
Land Improvements $500,000 $500,000 $500,000 $500,000 $500,000 Excluded
Leasehold Interest Excluded Excluded Excluded Excluded Excluded Excluded
Logistics Extra Cost Excluded Excluded Excluded Excluded Excluded Excluded
Miscellaneous Unscheduled Locations $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000
Mold ensuing from an Innsured Cause of Loss Excluded Excluded Excluded Excluded Excluded Excluded
Newly Acquired Locations (90 days reporting)$5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000 $5,000,000
Period of Indemnity (Power Generating Income)12 months 12 months 12 months 12 months 12 months 12 months
Preservation of Property $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000
Professional Fees $500,000 $500,000 $500,000 $500,000 $500,000 $500,000
Radioactive Contamination Excluded Excluded Excluded Excluded Excluded Excluded
Rental Insurance Excluded Excluded Excluded Excluded Excluded Excluded
Research and Development Excluded Excluded Excluded Excluded Excluded Excluded
Soft Costs Excluded Excluded Excluded Excluded Excluded Excluded
Service Interruption $2,500,000 (PD/TE)$2,500,000 (PD/TE)$2,500,000 (PD/TE)$2,500,000 (PD/TE)$2,500,000, excludes T&D lines $10,000,000
Temporary Removal of Property $2,500,000 $2,500,000 $2,500,000 $2,500,000 $2,500,000 Silent
Transportation $5,000,000 (PD/TE)$5,000,000 (PD/TE)$5,000,000 (PD/TE)$5,000,000 (PD/TE)$5,000,000 (PD/TE)$5,000,000
Valuable Papers & Records $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000
Other Conditions
Economic or Trade Sanctions Included ✔✔✔✔✔
Engineering Allowance silent $9,500 for service 2.5% as incurred Included
Agreed Adjusters silent
Territory United States and its
territories
United States and its territories United States and D.C.United States United States and D.C.United States and D.C.
Choice of Law/Jurisdiction New York New York New York silent Texas New York
Valuation Property - RC
TE - Actual Loss Sustained
on declared monthly values
and pro rata to lost MW
hours
Property - RC
TE - Actual Loss Sustained
on declared monthly values and pro rata to lost
MW hours
Property - RC
TE - Actual Loss Sustained
on declared monthly values
and pro rata to lost MW hours
Property - RC
TE - Actual Loss Sustained
on declared monthly values and
pro rata to lost MW hours
Property - RC
TE - Actual Loss Sustained
on declared monthly values and pro
rata to lost MW hours
Property - RC
TE - Actual Loss Sustained
on declared monthly values not
to exceed 105% of reported
value on file
Political Risks Exclusion Included Included Included Included Included
Communicable Disease Endorsement SwissRe Endorsement SwissRe Endorsement LMA 5393 NCP LMA5397 AEGIS wording
Cyber LMA5400 LMA5400 NMA2914 Data Distortion/Corruption LMA5400 AEGIS wording
Exhibit 3 - Property Quotes Comparison
21-22 Quotes Comparison Page 4 of 6
City of Denton (5/25 Inception)
Property Quotes Comparison ✔ Indicates the same as the Base Policy Terms
Updated: 05/11/21 Red Font indicates a difference from Expiring Terms
2020-21
Expiring Terms SwissRe AIG Starr Lloyds (Amlin, Aspen, HDI AEGIS Zurich
Policy Numbers (TBA)UTP 2000206-02 29130061 EUT N18211749 B128420030W20
Bound
Authorization 35.00%25.00%25.00%15.00%100.00%15.00%
Expiring Participation 100.00%35.00%25.00%25.00%15.00%
Security Wesport Insurance Corporation National Union Fire Insurance
Company of Pittsburgh, PA
Ace American Insurance Company Lloyds of London - various Associated Electric & Gas
Insurance Services Limited,
Awaiting markets behind Amlin
Admitted/Non-admitted Admitted Admitted Admitted Non-admitted Non-admitted Admitted
USD 170M (TIV) Quota Share New Markets
LEG Wording LEG 2/96 LEG 2/96 LEG 2/96 silent LEG 2/96
Minimum Earned Premium 25%
Other • Monthly Reported values
endorsement
• Engine Generator Definition
• Monthly Reported values endorsement
• Engine Generator Definition
• Monthly Reported values
endorsement
• Engine Generator Definition•
War and terrorism Endmt
NMA2918
• Biological or Nuclear Exclusion
Excl.
• Virus, Baceteria, Microorganism
Excl.
• Mold exclusion • SOV signed
within 30 days • Asbestos
exclusion• authorities
endorsement• millenium
endorsement• Wording changes
as expiring
• NMA 464 War Risk Excl.
• Data Distortion/Corruption
Exclusion
• Property Millennium Endt
• Bio/ Chemical Substances Excl. •
exclude above ground T&D •
preventative maintenance clause•
security default cancellation clause•
removed insured option for Time
Element Section V Item F•
Radioactive Contamination•
PREMIUM ADJUSTMENT FOR LOSS -
-- if exceeding $250,000 then 7.5%
of the final settled claim amount
owed
Emergency Action Endorsement
OPTIONS:Option 1) exclude BI; $34,742 credit; Option 1) increase Engine
Generator deductible to
$750,000 - credit $51,000;
Total premium
$499,000…............................
..................................
Option2) exclude BI; $30,000
credit; Total premium
$520,000
exclude BI; $582,805 All Risk +
$29,140 terrorism
Tornado limit options; $25M
limit at Premium of $376,235
(plus TRIA); $50M limit at
$416,235 (plus TRIA) and $100M
limit at premium shown above
($100M limit is recommended
by Lockton)
Exhibit 3 - Property Quotes Comparison
21-22 Quotes Comparison Page 5 of 6
City of Denton (5/25 Inception)
Property Quotes Comparison ✔ Indicates the same as the Base Policy Terms
Updated: 05/11/21 Red Font indicates a difference from Expiring Terms
2020-21
Expiring Terms SwissRe AIG Starr Lloyds (Amlin, Aspen, HDI AEGIS Zurich
Policy Numbers (TBA)UTP 2000206-02 29130061 EUT N18211749 B128420030W20
Bound
Authorization 35.00%25.00%25.00%15.00%100.00%15.00%
Expiring Participation 100.00%35.00%25.00%25.00%15.00%
Security Wesport Insurance Corporation National Union Fire Insurance
Company of Pittsburgh, PA
Ace American Insurance Company Lloyds of London - various Associated Electric & Gas
Insurance Services Limited,
Awaiting markets behind Amlin
Admitted/Non-admitted Admitted Admitted Admitted Non-admitted Non-admitted Admitted
USD 170M (TIV) Quota Share New Markets
Please note that the descriptions, summaries and highlights contained above are for informational purposes only. They are not intended to be exhaustive nor do they amend, alter or modify the actual terms and conditions contained in your insurance quotes. Coverage is governed solely by
the actual terms, conditions, premiums and fees reflected by your final bound insurance policies issued by the insurer.
Exhibit 3 - Property Quotes Comparison
21-22 Quotes Comparison Page 6 of 6