HomeMy WebLinkAbout2011 07 01 Bozeman Prop Dec PageMMIA Property Program Declaration Page, July 1, 2011 Page 1
MONTANA MUNICIPAL
INTERLOCAL AUTHORITY
Property Coverage
Program
DECLARATIONS
ENTITY COVERED: City of Bozeman, Montana
ADDRESS: PO Box 1230
Bozeman, Montana 59771
ENTRY DATE: 6/30/1998 MEMORANDUM: #1017PL
COVERAGE PERIOD: JULY 1, 2011 TO JULY 1, 2012 12:01 AM
TOTAL INSURED VALUE (TIV):
$134,610,722
VEHICLE DEDUCTIBLE: $5,000 PER OCCURRENCE
CONTRACTOR EQUIPMENT DEDUCTIBLE: $5,000 PER OCCURRENCE
REAL & PERSONAL PROPERTY DEDUCTIBLE:$5,000 PER OCCURRENCE
TOTAL PROPERTY PREMIUM:
(does not include Crime & Fidelity)
$163,417
ANNUAL LIMITS OF SHAR ED POOL LIABILITY:
MMIA tier 1 PEPIP tier 2
$100,000
(subject to
$400,000
annual
aggregate)
$1,000,000,000
(per reinsurance summary)
Comprehensive form includ ing: Boiler & Machinery,
Breakdown, Combined Property Damage and Business
Interruption / Extra Expense. Limit includes loss
adjustment agreement, defense costs outside of limits,
and electronic computer or electronic data processing
equipment. Coverage and Insured’s/Members combined,
subject of sub-limits:
SUB-LIMITS OF SHARED POOL LIABILITY - Property :
50,000,000 Specific Flood Limit – Per Occurrence & Annual Aggregate (outside Flood Zones A, V,
and all other 100 year flood plain)
25,000,000 Flood Limit – Per Occurrence & Annual Aggregate in Flood Zones A, V, and all other
100 year flood plains (this Sublimit does not increase the specific flood limit of liability
above)
100,000,000 Earthquake Shock -- & E.Q.S.L. – Per Occurrence & Annual Aggregate – all coverages
100,000,000 Combined Business Interruption, Rental Income and Tax Interruption and Tuition
Income (and related fees), except $500,000 Per Occurrence limit if values are not
reported/scheduled by member with MMIA. Coverage for power generating plants is
excluded unless otherwise specified.
MMIA Property Program Declaration Page, July 1, 2011 Page 2
50,000,000 Per Occurrence: Extra Expense
10,000,000 Miscellaneous Unnamed Locations as respects existing and new members
25,000,000 Automatic Acquisitions for New Locations – Except Flood in Zones A&V
10,000,000 Newly Acquired Vehicles (curre nt members with auto coverage only)
1,000,000 Unscheduled landscaping, tees, sand traps, greens and athletic fields (subject to
$25,000/25 gal maximum per tree)
5,000,000 Scheduled landscaping, tees, sand traps, greens and athletic fields (subject to
$25,000/25 gal maximum per tree)
50,000,000 Errors & Omissions
25,000,000 Course of Construction (including for new project and additions) For Projects with
completed values not exceeding the sublimit shown
2,500,000 Money & Securities for named perils only
2,500,000 Unscheduled Fine Arts
250,000 Accidental contamination Each Occu rrence/Aggregate with $500,000 annual aggregate
for members per declaration
500,000 Unscheduled tunnels, bridges, dams, ca twalks (except those not for public use),
roadways, highways, streets, sidewalks, culverts, street lights and traffic signals unless
a specific value has been declared (excl uding Earthquake Shock and excluding FEMA
and/or OES declared disasters)
25,000,000 Demolition and Increased Cost of Constr uction due to the enforcement of building codes
25,000,000 Transit
1,000,000 Unscheduled Animals; not to ex ceed $50,000 per animal, per occurrence
2,500,000 Watercraft up to 27 feet
25,000,000 Off premises services interruption incl uding extra expenses resulting from a covered
peril at non-owned/operated locations
3,000,000 Per Occurrence, for contingent business interruption, contingent rental values,
contingent tax interruption, contingent tuition income, and contingent extra expense
separately
500,000 Per Occurrence, for Jewelry, Furs , Precious Metals and Stones separately
1,000,000 Per Occurrence, for Claims Preparation
50,000,000 Per Occurrence, for Expediting Expenses
1,000,000 Per Occurrence, for Personal Property Outside of the USA
100,000,000
Pool aggregate in any one Occurrence Sabot age & Terrorism for Property Damage,
Business Interruption, Rental Income and Extra Expense Combined subject to a
$200,000,000 Annual Aggregate Limit
BOILER & MACHINERY
100,000 000 Boiler Explosion and Machinery Breakdown as respects Combined Property Damage
and Business Interruption/Extra Expense ex cluding Business Interruption for power
generating facilities. Limit includes loss adjustment agreement and electrical computer
or data processing equipment with the following sub-limits:
10,000,000 Per Occurrence for Utility In terruption for Utilities owned by others
10,000,000 Per Occurrence for Ammonia Contamination
10,000,000 Per Occurrence for Water Damage
10,000,000 Per Occurrence for Consequential Damage
10,000,000 Per Occurrence for Electrical Data Processing Media
2,000,000 Per Occurrence and in t he annual Aggregate for Earthquake
Resultant Damages
1,000,000 Per Occurrence for Hazardous Substance
25,000,000 Automatic Acquisitions for Boiler & Machine values at newly
acquired locations
All Risk or “BASIC” ALL PERILS AND COVERAGES (EXCEPT SPECIFIED PERILS
OR COVERAGE DEDUCTIBLES SHOWN BELOW):
MMIA Property Program Declaration Page, July 1, 2011 Page 3
SPECIFIED PERILS AND CO VERAGE DEDUCTIBLES
100,000
250,000
Per Occurrence – Flood
1. Vehicles or Contract ors Equipment -- $10,000 Pe r Vehicle/Item subject to
$100,000 maximum as respects to the peril of Flood
2. Fine Arts - $50,000 Per Occurrence and Annual Aggregate
Per Occurrence – Flood Zones A & V
100,000 Per Occurrence – Earthquake Shock (Real & Personal Property and Time Element)
subject to a $100,000 minimum except 10% wi th minimum for buildings constructed prior
to 1940
1. Vehicles or Contract ors Equipment -- $10,000 Pe r Vehicle/Item subject to
$100,000 maximum as respects to the peril of Earthquake Shock
2. Fine Arts - $50,000 Per Occurrence and Annual Aggregate
1,000 Per Occurrence for Specially trained Animals
500,000 Per Occurrence – Tunnels, bridges, dams, catwalks (except those not for public use),
roadways highways, streets, sidewalks, culv erts, street lights and traffic signals unless a
specific value has been declared
100,000 Per Occurrence Primary Terrorism
2,500 Per Occurrence Boiler & Machinery – All, ex cept as shown for other Specific Objects or
Perils
$10/foot/
$2500 min
Per Occurrence Boiler & Machinery – Deep Water Wells
50,000 Per Occurren ce Boiler & Machinery - Objects ov er 350 hp, 2,500 KW/KVA/Amps or
Boilers over 10,000 square feet of heating surface
100,000 Per Occurrence Boiler & Machinery - Objects over 500 hp, 5,000 KW/KVA/Amps or
boilers over 25,000 square feet of heating surface
250,000 Per Occurrence Boiler & Machinery - Objects over 750 hp, 10,000 KW/KVA/Amps or
boilers over 75,000 square feet of heating surface
350,000
Per Occurrence Boile r & Machinery - Objects over 25,000 hp, 25,000 KW/KVA/Amps or
boilers over 250,000 square feet of heating surface
5 x 100%
of Daily
Value
Business Interruption – All objects ov er 750 hp or 10,000 KW/KVA Amps or 10,000
Square feet Heating Surface
5 x 100%
of Daily
Value
Business Interruption – All obj ects at Waste Water Treatment Facilities and All Utilities
24 Hours Business Interruption / Extra Expense
24 Hour Waiting Period – Utility Interruption
24 Hour Waiting Period – All Perils: Service Interruption
30 Days Business Interruption – Revenue Bonds
Tax Interruption: 2.5% of Annual Tax Value per Location
As more fully described in “Deductible Provisions”
of the Memorandum of Property Coverage
For a complete listing of your coverage terms, exclusions and conditions please refer to your
Memorandum.
By DATE July 1, 2011
Alan Hulse, MMIA Authorized Representative
O:\_Property Program\Memorandum of Property\Declarations\2011-2012\2011July1DecPagePropFINAL.docx