The vendor is required to provide property and casualty insurance services for include:
- 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
1. 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:
o Up to the full amount of coverage on buildings and contents (no sub-limit); 5% deductible per item
• Flood:
o Up to the full amount of coverage on buildings and contents (no sub-limit); $1,000 deductible 
o Coverage for backup of sewers and drains; runoff from surface water
• Equipment breakdown:
• Steam boiler explosion
• Mechanical breakdown (unless covered by the basic property form)
• Damage caused by artificially generated electrical currents (unless covered by the basic property form)
• Coverage extensions to include o $25,000 hazardous substance limit
o Unlimited food spoilage
o Expediting expenses
o Jurisdictional inspections as required by law on certain equipment
• Building ordinance:
o Coverage must be included for the loss of value of the undamaged portion of real property, the cost to demolish and clear the site, and the increased cost of construction according to code.
• Interruption of power off premises:
o Covered causes of loss with no distance restriction
• Valuable papers and records
o Actual costs incurred during the period of restoration
• Accounts receivable:
o ACTUAL costs incurred as a result of a covered lost
• Loss of income and extra expense
o Actual loss sustained during the 24-month period of restoration
o Period of restoration includes increased time due to the enforcement of an ordinance or law
• Sirens and antennas:
o Covered as real property while at another location; must be associated with a covered premises
• Member’s residence
o Up to $1,000 deductible reimbursement for damage to member’s residence while responding to an emergency on the insured’s behalf. no deductible applies.
• Permanently installed property off premises:
o Limit of $125,000 for outdoor property permanently installed away from the insured’ premises
• Personal effects:
o Members and employees – full replacement cost:
o All others - $1,500 per person
o Primary coverage
o No deductible
o Replacement cost valuation
• Arson reward
o Limit of $25,000
• Glass:
o Building glass for the same perils/limits as real property
o Deductible waived when loss only involves building glass
• Deductible waiver
o Should a property claim occur in conjunction with an auto physical damage or portable equipment claim, only the largest deductible should apply; the other(s) should be waived
• Commandeered property
o Full replacement cost basis, including loss of use coverage; no deductible applies if property belongs to a member • $2,500,000 newly acquired real property
• $500,000 personal property at newly acquired locations
• Debris removal
o Actual incurred debris removal expenses
• $100,000 pollution remediation for scheduled premises
• Personal property off your premises
o Greater of the highest personal property limit of $25,000
• Fine arts
o Limit of $50,000 owned by insured for which there is a certified appraisal, $25,000 is provided if there is no certified appraisal subject to $1,500 limit per item
• Lock and key replacement
o Limit of $25,000 to reimburse the insured for lock and key replacement after theft at insured’s premises
• Trees, shrubs, plants, and lawns
o Full replacement cost; no limit per tree
• Unintentional omissions of real property
o Limit of $500,000 in any one occurrence
• Vehicle parts
o Limit of $25,000 for vehicle stock owned by insured at schedule location
• Computer hardware mechanical breakdown
o Covered cause of loss for personal property
• $250,000 computer virus for software per occurrence
• $250,000 computer software per occurrence
• Crisis incident response
o We will pay up to $25,000 for any one crisis incident that results in crisis management expenses (to restore your public image) or post crisis counseling services.
- Contract Period/Term: 1 years
- Questions/Inquires Deadline: June 12, 2025