Insurance Company Ratings All coverage must be place with an admitted insurer with an A. M. rating of A+ or better. Specimen Policies Every proposal that is submitted must be accompanied by a complete set of current specimen policies and endorsements for every coverage form that is being proposed A. PROPERTY • Coverage Amounts: See attached property schedule • Covered Locations: See attached property schedule • Real Property Value: Guaranteed Replacement Cost • Personal Property Valuation: X Replacement Cost _ Guaranteed Replacement Cost • Co-Insurance: Waived for both real and personal property losses • Please quote for Deductible: $250 • Special Deductibles: $1,000 for flood, 5% for earthquake ad volcanic eruption per item. • Deductible Waiver: Should a property claim occur in conjunction with a portable equipment or auto physical damage claim, only the largest deductible will apply; the other(s) will be waived. Minimum Coverage Requirements • “All Risk” from any “covered causes of loss”, except for those specifically excluded • Earthquake and Volcanic Action: • Up to the full amount of coverage on buildings and contents (no sub-limit); 5% deductible per item • Flood: • Up to the full amount of coverage on buildings and contents (no sub-limit); $1,000 deductible • Coverage for Backup of Sewers and Drains; Runoff from Surface Water • Equipment Breakdown: • Comprehensive coverage or all on-premises equipment utilizing energy and off-premises equipment such as mobile cascade units, generators, portable pumping units and portable extrication devices; a covered accident must include, at minimum: • Steam boiler explosion
