Loading...
Exhibit 4 - Comparison SummaryCity of Denton (5/25 Inception) Property Quotes Comparison Updated: Apr 27, 2022 22-23 Renewal AEGIS Policy Numbers Bound Authorization 100.00% Expiring Participation 100.00% Security Associated Electric & Gas Insurance Services Limited, Hamilton Bermuda Admitted/Non-admitted Non-admitted EXPIRING Property EXPIRING Business Interruption EXPIRING TIV RENEWAL Property $164,923,647 RENEWAL Business Interruption $7,717,562 RENEWAL TIV $172,641,209 EXPIRING 100% All-Risk, excluding Terrorism EXPIRING 100% TRIA Premium Brokerage EXPIRING Account Rate QUOTED 100% All-Risk, excluding Terrorism $500,410 QUOTED 100% TRIA Premium $17,514 Market Share Premium (incl. TRIA)$517,924 Brokerage NIL Engineering services QUOTED Account Rate 0.290% Account Rate Chg YoY 2.9% Property Member Credit BI Premium Premium Payment Terms 30 days Cancellation 90 days, 10 non-payment Policy Language AEGIS standard Premium Payment Terms Premium Notes All Risk x Terrorism Avg. Rate Retentions (per occurrence) All Losses, except $250,000 Gas Engine Generators $500,000 Named Windstorm 2% or reported values, minimum $250,000 Exhibit 4 Comparison Summary 24-25 Quotes Comparison Page 1 of 4 City of Denton (5/25 Inception) Property Quotes Comparison Updated: Apr 27, 2022 22-23 Renewal AEGIS Policy Numbers Bound Authorization 100.00% Expiring Participation 100.00% Security Associated Electric & Gas Insurance Services Limited, Hamilton Bermuda Admitted/Non-admitted Non-admitted Tornado loss (not associated with Named Windstorm) Severe Windstorm (new definition in 2022 form includes Tornado) $1,000,000 Time Element, except 30 days Time Element iro Gas Engine Generators 45 days Service Interruption Qualifier 24 hours Emergency Action Business Income Loss 5 hours Policy Limit $172,641,209 CAT - Sublimits of Liability Earth Movement (annual aggregate)$25,000,000 Earth Movement - California/High Hazard Excluded Earth Movement - Newly Acq., E&O, Exhibitions/Fairs/Tradeshows, MUL Excluded for MUL, Newly Acq, COC Flood (annual aggregate), except:$25,000,000 Flood - Newly Acq., E&O, Exhibitions/Fairs/Tradeshows, MUL Excluded for MUL, Newly Acq, COC Flood - High Hazard Flood Zones Excluded Named Windstorm including Storm Surge (annual aggregate) $25,000,000 Tornado (not associated with Named Windstorm)N/A Severe Windstorm (annual aggregate)$100,000,000 Named Windstorm including Storm Surge - Newly Acq., E&O, Exhibitions/Fairs/Tradeshows, MUL Excluded for MUL, Newly Acq, COC Sublimits of Liability Accounts Receivable $1,000,000 Business Interruption $7,717,562 not to exceed 105% of monthly margin reported on file Commissioning, Licensing, Royalties Excluded Contingent Time Element - Direct Named $10,000,000 subject to BI CAP Contingent Time Element - Direct and unnamed Excluded Contingent Time Element - Indirect Excluded Exhibit 4 Comparison Summary 24-25 Quotes Comparison Page 2 of 4 City of Denton (5/25 Inception) Property Quotes Comparison Updated: Apr 27, 2022 22-23 Renewal AEGIS Policy Numbers Bound Authorization 100.00% Expiring Participation 100.00% Security Associated Electric & Gas Insurance Services Limited, Hamilton Bermuda Admitted/Non-admitted Non-admitted Course of Construction $10,000,000 Crisis Management Excluded Data Restoration / Data Physical Damage Excluded Debris Removal or 25% of PD/TE, or $10,000,000 whichever is lesser Decontamination Costs Excluded Defense Cost $500,000 Deferred Payments Excluded Demolition and/or Increased Cost of Construction due to Law or Ordinance $10,000,000 (PD/TE) Errors or Omissions $2,500,000 Exhibitions, Expositions, Fairs or Tradeshows Excluded Expediting Expense $2,500,000 Extended Period of Indemnity 30 days Extra Expense $2,500,000, excludes Replacement Power Fine Arts $500,000 Fire and Police Department Service Charges $1,000,000 Impounded Water Excluded Ingress/Egress 30 days, or $1,000,000 whichever is lesser (5 mile statute) Interruption by Civil or Military Authority 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 Land Improvements Excluded Leasehold Interest Excluded Logistics Extra Cost Excluded Miscellaneous Unscheduled Locations $2,500,000 Mold ensuing from an Innsured Cause of Loss Excluded Newly Acquired Locations (90 days reporting)$5,000,000 Period of Indemnity (Power Generating Income)12 months Exhibit 4 Comparison Summary 24-25 Quotes Comparison Page 3 of 4 City of Denton (5/25 Inception) Property Quotes Comparison Updated: Apr 27, 2022 22-23 Renewal AEGIS Policy Numbers Bound Authorization 100.00% Expiring Participation 100.00% Security Associated Electric & Gas Insurance Services Limited, Hamilton Bermuda Admitted/Non-admitted Non-admitted Preservation of Property $2,500,000 Professional Fees $500,000 Radioactive Contamination Excluded Rental Insurance Excluded Research and Development Excluded Soft Costs Excluded Service Interruption $10,000,000 Temporary Removal of Property Silent Transportation $5,000,000 Valuable Papers & Records $1,000,000 Emergency Action Business Income Loss $1,000,000 per occ and in agg or a (5) hour sublimit, whichever is less Mobile Equipment Other Conditions Economic or Trade Sanctions ✔ Engineering Allowance Included Agreed Adjusters Territory United States and D.C. Choice of Law/Jurisdiction New York Valuation Property - RC TE - Actual Loss Sustained on declared monthly values not to exceed 105% of reported value on file Communicable Disease Endorsement AEGIS wording Cyber AEGIS wording Other Emergency Action Endorsement 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 Exhibit 4 Comparison Summary 24-25 Quotes Comparison Page 4 of 4