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HomeMy WebLinkAboutCOI - Eden Housing, Inc. - Expires 2021-12-31EVIDENCE OF COMMERCIAL PROPERTY INSURANCE DATE (MM/DD/YYYY) 12/28/2020 THIS EVIDENCE OF COMMERCIAL PROPERTY INSURANCE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE ADDITIONAL INTEREST NAMED BELOW. THIS EVIDENCE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS EVIDENCE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE ADDITIONAL INTEREST. PRODUCER NAME, PHONE CONTACT PERSON AND ADDRESS L(A/C, NO.XU' 415-536 4011 Arthur J. Gallagher & Co. Insurance Brokers of CA. 1160 Battery Street Suite 360 San Francisco, CA 94111 FAX (A:C. No): CODE: E-MAIL LIcen atij _8291 ADDREss: Mike_blach©ajg.com SUB CODE: AGENCY S,.USTO_MERID #• NAMED INSURED AND ADDRESS Eden Housing, Inc. 22645 Grand Street Hayward, CA 94541 ADDITIONAL NAMED INSURED(S) COMPANY NAME AND ADDRESS National Fire & Marine Insurance Co 1314 Douglas Street Suite 1400 Omaha, NE 68102 POLICY TYPE Property NAIC NO: 20079 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH LOAN NUMBER EFFECTIVE DATE EXPIRATION DATE 12/31 /2020 12/31 /2021 THIS REPLACES PRIOR EVIDENCE DATED: POLICY NUMBER DF00009617 CONTINUED UNTIL TERMINATED IF CHECKED PROPERTY INFORMATION (ACORD 101 may be attached 11 more space is required) © BUILDING OR © BUSINESS PERSONAL PROPERTY LOCATION / DESCRIPTION THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS EVIDENCE OF PROPERTY INSURANCE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. COVERAGE INFORMATION PERILS INSURED BASIC BROAD IX SPECIAL COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $ 350.000,000 DED:$10,000 it YES NO NIA 11, XI BUSINESS INCOME 0 RENTAL VALUE X If YES, LIMIT:$350,000,000 X Actual Loss Sustained: # of months:12 BLANKET COVERAGE X If YES, indicate value(s) reported on property identified above: $ TERRORISM COVERAGE X Attach Disclosure Notice / DEC IS THERE A TERRORISM -SPECIFIC EXCLUSION? X IS DOMESTIC TERRORISM EXCLUDED? X LIMITED FUNGUS COVERAGE X If YES. LIMIT:$250,000 DED:$10.000 a FUNGUS EXCLUSION (II "YES", specify organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If YES, EQUIPMENT BREAKDOWN (II Applicable) X If YES, LIMIT:Included DED:$10,000 ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg X If YES. LIMIT:included DED:$10,000 • Demolition Costs X If YES, LIMIT:Included DED:$10.000 - Incr. Cost of Construction X If YES, LIMIT:included DED:$10,000 EARTH MOVEMENT (II Applicable) X If YES, LIMIT: DED: FLOOD (If Applicable) X If YES, LIMIT: DED: WIND / HAIL INCL IXI YES ❑ NO Subject to Different Provisions: X If YES, LIMIT:Included DED.$10.000 NAMED STORM INCL ❑x YES ❑ NO Subject to Different Provisions: X If YES. LIMIT: DED: PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE HOLDER PRIOR TO LOSS X CANCELLATION SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS. ADDITIONAL INTEREST CONTRACT OF SALE MORTGAGEE LENDER'S LOSS PAYABLE I I LOSS PAYEE LENDER SERVICING AGENT NAME AND ADDRESS i NAME AND ADDRESS The City of Gilroy and its Mayor and City Council, Agents, Officers and Employees 7351 Rosanna St Gilroy, CA 95020 AUTHORIZED REPRESENTATIVE , i ACORD 28 (2016/03) © 2003-2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD 2' of 7 4486 AGENCY CUSTOMER ID: LOC #: ACe CORD ADDITIONAL REMARKS SCHEDULE Page 1 of 1 AGENCY Arthur J. Gallagher & Co. Insurance Brokers of CA. NAMED INSURED Eden Housing, Inc. 22645 Grand Street Hayward, CA 94541 POLICY NUMBER DF00009617 CARRIER National Fire & Marine Insurance Co NAIC CODE 20079 EFFECTIVE DATE: 12/31/2020 ADDITIONAL REMARKS THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: 28 FORM TITLE: EVIDENCE OF COMMERCIAL PROPERTY INSURANCE REMARKS: Property Coverage — Shared & Layered Program — 12/31/2020 to 12/31/2021 Primary $2,500,000 National Fire & Marine Insurance — Policy #DF00009617 Underwriters at Lloyds, London (Sirius Slip) — Policy #PW0335520 Underwriters at Lloyds, London (Faraday Slip) — Policy #PW0335720 Underwriters at Lloyds, London (QBE Slip) — Policy #PW0335620 $7,500,000 xs $2,500,000 Ironshore Specialty Insurance Company — Policy #1000387723-02 Aspen Specialty Insurance Company, — Policy #PXOOK9Q20 Underwriters at Lloyds, London (Faraday Slip) — Policy #PW0335720 Underwriters at Lloyds, London (QBE Slip) — Policy #PW0335620 $15,000,000 xs $10,000,000 Landmark American Insurance Company — Policy #LHD426424 Endurance American Specialty Insurance Company — Policy #ESP30000409403 $75,000,000 xs $25,000,000 Homeland Insurance Company of New York — Policy #795014102 $100,000,000 xs $100,000,000 Great American Insurance Company of New York — Policy #CPP173771104 $150,000,000 xs $200,000,000 Landmark American Insurance Company — Policy #LHD426425 Mitsui Sumitomo Insurance Company — Policy #EXP7000751 Terrorism Coverage - $350,000,000 Underwriters at Lloyds of London — Policy #FC0180420 Property Deductible - $10,000 AOP Other Significant Coverage Terms: Blanket Building coverage includes ALL Properties for Eden Housing, Inc. Wind and Hail included The insurable value is 100% Replacement Cost value for the Project; however. there are no limitations within the policy tying Toss recovery to the statement of values. The Blanket Limit is available for Toss at any one location. ACORD 101 (2008/01) © 2008 ACORD CORPORATION. All rights reserved. The ACORD name and Togo are registered marks of ACORD 3* of 7 4486