Windstorm and Hail Insurance Coverage for the listed property and contents listed. PROPERTY and CONTENTS 2.1 Property covered: See attached Exhibit A. 2.2 Coverage on buildings, contents, business income, and auxiliary structures at all locations including on-site improvements. 2.3 Basis of Recovery: Full Replacement Cost. 2.4 Deductibles (Per Occurrence): Option 1: 1% of the Sum of the State Values for each building (Affected by Loss) identified in Exhibit A subject to $25,000 minimum per occurrence – Named Storm Wind/Hail $25,000 Per Occurrence - All Other Wind/Hailstorms Option 2: Competitive Alternative Options submitted by the Proposer will be reviewed and considered. 2.5 Valuation Basis: Replacement Cost as respects Property Damage Actual Loss Sustained as respects Time Element 2.6 One Year Rate Guarantee. 3.0 LOSS RUNS 3.1 See attached Schedules of Loss Runs (Exhibit B) over the last five years.
