The Villages Informational Presentation July 17, 2008 Randy Hughes Mark Knox Carolyn Schaefer CA 0D40525

“All-in” Property Valuation “All-in” Property valuation provides coverage for all property with the exception of the unit owner’s personal property. The common definition of Personal Property is items that can be taken with you. Unit Owner’s Personal Property should be covered under a HO6 Policy in the unit owner’s name. CA 0D40525 All coverage decisions will be made by the carrier. Any statements made within this presentation are matters of opinion and interpretation. Please note that these statements do not override any coverage decisions as made by or that will be made by insurance carriers.

What Should Be Covered? All coverage decisions will be made by the carrier. Any statements made within this presentation are matters of opinion and interpretation. Please note that these statements do not override any coverage decisions as made by or that will be made by insurance carriers. Loss Scenario: Fire starts in the dining area and quickly spreads throughout the unit causing damage to the kitchen. The damage areas/items include: walls, ceiling, insulation, updated cabinetry, brand new marble countertops, the freshly tiled floor and recently purchased stainless steel appliances Assuming “All-in” Property Valuation: What should be covered? CA 0D40525

Personal Property Personal Property Replacement Cost  Contents coverage should always be written with replacement coverage. Deluxe Replacement Personal Property Coverage  Many companies offer the deluxe coverage. All coverage decisions will be made by the carrier. Any statements made within this presentation are matters of opinion and interpretation. Please note that these statements do not override any coverage decisions as made by or that will be made by insurance carriers. CA 0D40525

Liability Coverage Liability is needed for each individual unit owner. Worldwide Coverage is available on some policies.  If the unit is Primary residence, then it is recommended to purchase an Umbrella policy.  If the unit is Secondary residence, then add to your current Umbrella policy. CA 0D40525 All coverage decisions will be made by the carrier. Any statements made within this presentation are matters of opinion and interpretation. Please note that these statements do not override any coverage decisions as made by or that will be made by insurance carriers.

Loss Assessment  It is important that the unit owner have Loss Assessment Coverage.  Check your Earthquake Loss Assessment- it needs to be added to the policy or a separate policy.  Check the HO 6 coverage as to the coverage for the condo association Loss Assessment for the deductible coverage CA 0D40525 All coverage decisions will be made by the carrier. Any statements made within this presentation are matters of opinion and interpretation. Please note that these statements do not override any coverage decisions as made by or that will be made by insurance carriers.

Standard vs. Deluxe Coverage CoverageIndustry Standard Deluxe Coverage Carriers Loss of UseYes, but only to the stated limit YES, and with NO dollar limit Theft of Jewelry & Furs $1,500 Combined$5,000 Theft of Silverware$2,500$10,000 Loss Assessment$1,000$50,000 Backup of Sewers & Drains NOYES All coverage decisions will be made by the carrier. Any statements made within this presentation are matters of opinion and interpretation. Please note that these statements do not override any coverage decisions as made by or that will be made by insurance carriers. CA 0D40525

Review your Insurance We recommend to do an annual review of your insurance policies. Items that need to be addressed: 1. Personal Property 2. Liability 3. Loss Assessment 4. Loss Assessment for an association deductible CA 0D40525 All coverage decisions will be made by the carrier. Any statements made within this presentation are matters of opinion and interpretation. Please note that these statements do not override any coverage decisions as made by or that will be made by insurance carriers.