HomeMy WebLinkAbout2010 07 01 REVISED BozemanPropDecPage, issued 2010 12 22MMIA Property Program Declaration Page, July 1, 2010 Page 1
MONTANA MUNICIPAL IN TERLOCAL
AUTHORITY
Property Coverage Program
DECLARATIONS
ENTRY DATE:6/30/1998 MEMORANDUM #1017PL
ENTITY COVERED:City of Bozeman , Montana
ADDRESS:PO Box 1230
Bozeman , Montana
COVERAGE PERIOD:JUL Y 1, 20 10 TO JUL Y 1, 20 11 12:01 A M
TOTAL INSURED VALUE (TIV):$129,752,942
VEHICLE DEDUCTIBLE:$5,000 PER OCCURRENCE
CONTRACTOR EQUIPMENT DEDUCTIBLE:$5,000 PER O CCURRENCE
REAL & PERSONAL PROPERTY DEDUCTIBLE:$5,000 PER OCCURRENCE
TOTAL PROPERTY PREMIUM:$152,070
(does not include Crime &Fidelity)
ANNUAL LIMITS OF SHARED POOL LIABILITY:
MMIA tier 1 PEPIP tier 2
$100,000
(subject to
$400,000
annual
aggregate)
$1,000,000,000
(per reinsurance summary)
Comprehen sive form including: 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
equipme nt. Coverage and Insured’s/Members combined,
subject of sub -limits :
SUB -LIMITS OF SHARED POOL LIABILITY -Property :
All Risk or “BASIC” ALL PERILS AND COVERAGES (EXCEPT SPECIFIED PERILS OR
COVERAGE DEDUCTIBLES SHOWN BELOW):
5 0 ,000,000 Flood –Per Occur rence & Annual Aggregate (outside Flood Zones A, V, and all
other 100 year flood plain)
25,000,000 Flood –in Flood Zones A, V, and all other 100 year flood plains
100 ,000,000 Earthquake Shock --& E.Q.S.L.–Per Occurrence & Annual Aggregate –all
cover ages
100,000,000 Combined Business Interruption, Rental Income and Tax Interruption, not to exceed
the value reported per member except $5 00,000 per member/$2,500,000 maximum
per occurrence limit if values are not reported by member.
50,000,000 Per Occ urrence: Extra Expense
25 ,000,000 Miscellaneous Unnamed Locations as respects existing and new members
MMIA Property Program Declaration Page, July 1, 2010 Page 2
10,000,000 Newly Acquired Vehicles (current members with auto coverage only)
25,000,000 Automatic Acquisitions for New Locations
1,000,000 Unsc heduled landscaping, tees, sand traps, greens and athletic fields (subject to
$25,000/25 gal maximum per tree) unless a specific value has been declared
5,000,000 Scheduled landscaping, tees, sand traps, greens and athletic fields (subject to
$25,000/25 g al maximum per tree) unless a specific value has been declared
5 0,000,000 Errors & Omissions
25,000,000 Course of Construction (including for new project)
2,500,000 Money & Securities
2,500,000 Unscheduled Fine Arts
250,000 Accidental contamination Pe r Member/Occurrence/Aggregate $500,000
500,000 Unscheduled Tunnels, bridges, dams, catwalks (except those not for public use),
roadways, highways, streets, sidewalks, culverts, street lights and traffic signals
unless a specific value has been declared excluding Earthquake Shock and
excluding FEMA and/or OES declared disasters
25,000,000 Increased Cost of Construction due to the enforcement of building codes
25,000,000 Transit
2,500 ,000 Unscheduled Animals; not to exceed $50,000 per animal
2,500,000 Watercraft under 27 feet or less unless scheduled in the statement of values
25,000,000 Off premises services interruption including extra expenses resulting from a covered
peril at non -owned/operated locations
3,000 ,000 Per Occurrence, per member for Co ntingent Business Interruption, contingent rental
values, and contingent extra expense separately
500,000 Per Occurrence, Per member for Jewelry, Furs, Precious Metals and Stones
Separately
1,0 00,000 Per Occurrence, Per member for Claims Preparation
50,000,000 Expediting Expenses
1,0 00,000 Per Occurrence, per member for Personal Property Outside of the USA
100,000,000
250 ,000,000
Per Member/Per Occurrence subject to $200,000,000 Annual Aggregate as respects
Property Damage, Business Interruption, Ren tal Income and Extra Expense
Combined for Terrorism (Primary Layer)
Per Member/Per Occurrence for Terrorism (Excess Layer)
As more fully described in “LIMITS OF LIABILITY
SPECIFIED PERILS AND COVERAGE DEDUCTIBLES
Itemized Per member renewal declaration
100,000
250,000
Per Occurrence –Flood
Per Occurrence –Flood Zones A & V
100,000 1.Pe r Occurrence –Earthq uake Shock (Real & Personal Property and Time
Element)
1,000 Per Occurrence for Specially trained Animals
500,000 Per Occurrence –Tunnels, b ridges, dams, catwalks (except those not for public use),
roadways highways, streets, sidewalks, culverts, street lights and traffic signals unless a
specific value has been declared
1 00,000
500,000
Primary Terrorism
Excess Terrorism
24 Hour Waiting Per iod –All Perils: Service Interruption
Tax Interruption:2.5% of Annual Tax Value per Location
As more fully described in “Deductible Provisions”
SUB -LIMITS OF SHARED POOL LIABILITY -Boiler & Machinery
MMIA Property Program Declaration Page, July 1, 2010 Page 3
BOILER & MACHINERY COVERAGES (EXCEPT SPECIFI ED PERILS OR COVERAGE
DEDUCTIBLES SHOWN BELOW):
100,000 000 Boiler Explosion & Machinery Breakdown
10,000,000 Per Occurrence Utility Interruption for Utilities owned by others
10,000,000 Per Occurrence for Ammonia Contamination
10,000,000 Per Occurrenc e for Water Damage
10,000,000 Per Occurrence for Consequential Damage
10,000,000 Per Occurrence for Electronic Data Processing Media
2,000,000 Per Occurrence and in Annual Aggregate for Earthquake Resultant Damage
1,000,000 Per Occurrence for Hazardous Substance
25,000,000 Aut omatic Acquisitions for Boiler &Machinery values at newly acquired locations
As more fully described in “LIMITS OF LIABILITY”
SPECIFIED PERILS AND COVERAGE DEDUCTIBLES
2,500 Boiler & Machinery
2,500 Electronic Data Media
2,500 Consequential Damage
2,500 Objects over 200 hp, 1,000 KW/KVA/Amps or boilers over 5,000 square feet of heating
surface
50,000 Objects over 350 hp, 2,500 KW/KVA/Amps or boilers over 10,000 square feet of heating
surface
100,000 Objects over 500 hp,5 ,000 KW/KVA/Amps or boilers over 25,000 square feet of heating
surface
250,000 Objects over 750 hp, 10,000 KW/KVA/Amps or boilers over 75,000 square feet of heating
surface
350,000 Objects over 25,000 hp, 25,000 KW/KVA/Amps or boilers over 250,000 square feet of
heating surface
ð·$10 per foot / $2,500 minimum Deep Water Well
ð·24 Hours Business Interruption / Extra Expense as noted below
ð·30 Days Business Interruption –Revenue Bonds
ð·24 Hour Waiting Period –Utility Interruption
ð·5 x 100% of Daily Value –Bu siness Interruption –All objects over 750 hp or
10,000 KW/KVA Amps or 10,000 Square feet Heating Surface
ð·5 x 100% of Daily Value –Business Interruption –All objects at Waste Water
Treatment Facilities and All Utilities
For a complete listing of your p olicy terms, exclusions and conditions please refer to your policy.
By DATE July 1, 20 10
Alan Hulse ,MMIA Authorized Representative
O:\_Property Program \Memorandum of Pro perty \Declarations \2010 -2011 \2010July1DecPagePropFINAL.docx