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(sample)
|
Typical Package
|
KMRM Program
|
|
Building & Contents
|
Set Dollar Limit
|
Guaranteed Replacement
|
|
Deductible
|
Miscellaneous Options
|
Miscellaneous Options
|
|
Earthquake (D.I.C.)
|
Same as Building Limit
|
Guaranteed Replacement
|
|
Flood
|
None
|
Guaranteed Replacement
|
|
(Combined) Liability
(General & Umbrella)
|
$1,000,000
|
$11,000,000
|
|
Ordinance/Law
(a.k.a. "Code Upgrade Coverage")
|
None
|
$1,000,000
|
|
Electronic Data Processing
(a.k.a. "Computer Coverage")
|
$10,000
|
$200,000
|
|
Boiler, Electrical & Machinery
Breakdown (e.g. Elevators, Heating)
|
None
|
$20,000,000
|
|
Fidelity (a.k.a. "Employee Dishonesty")
|
$25,000
|
$500,000
|
|
(Combined) Directors & Officers Liability
|
$1,000,000
|
$11,000,000
|
|
(Combined) Auto Liability (Hired/Nonowned)
|
$1,000,000
|
$11,000,000
|
|
(Combined) Employee Benefits Liability
|
None
|
$11,000,000
|
|
Co-Insurance Penalties
|
Yes
|
None
|
|
Loss Control, Claims Management,
Risk Management Services
|
N/A
|
Included
|
|
Total Annual Cost
|
$———
|
(Typical savings of over 5%)
|
|
|
|
For an explanation of the above terminology, please see the Board of Directors Guide. Coverages and rates are contingent upon final underwriting of the particular property. The above is intended as a brief overview of the program. See the particular policy for specific policy language concerning coverages, limits, etc. “Total Annual Cost” includes premiums and fees.
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