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HomeMy WebLinkAboutCOI - Eden Housing, Inc. - Certificate No. EW169023 | Start Date: 2023-12-31 | End Date: 2024-12-311 0 ACORD EVIDENCE OF COMMERCIAL PROPERTY INSURANCE ✓ DATE(MM/DD/YYYY) 1 /5/2024 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 (A/C, No, Ext): COMPANY NAME AND ADDRESS Underwriters at Lloyd's London 181 W Madison Street, Suite 3870 Chicago, IL 60602 IF MULTIPLE COMPANIES, COMPLETE SEPARATE NAIC NO: 15792 Arthur J. Gallagher Risk Management Services, LLC 595 Market Street, Suite 2100 San Francisco, CA 94105 License#: OD69293 FORM FOR EACH (A/C, �15) 536-8409 E-MAIL certs p@ajg.COm CODE: SUB CODE: POLICY TYPE Property AGENCY ID #: EDENHOU-02 NAMED INSURED AND ADDRESS Eden Housing, Inc. 22645 Grand Street Hayward CA 94541 LOAN NUMBER POLICY NUMBER EW0169023 EFFECTIVE DATE 12/31/2023 EXPIRATION DATE 12/31/2024 CONTINUED UNTIL TERMINATED IF CHECKED ADDITIONAL NAMEDINSURED(S) THIS REPLACES PRIOR EVIDENCE DATED: PROPERTY INFORMATION (ACORD 101 may b ttached If more spa $ required) ® BUILDING OR © BUSINESS PERSONAL PROPERTY LOCATION / DESCRIPTION Location: Sobrato Transitional Housing, 9349, 9355, 9359, 9365 & 9369 Monterey Rd, Gilroy, Santa Clara, CA, 95020. 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. SI ROAD IX I SPECIAL COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $ 350,000,000 DED:$10,000 YES NO N/A MR,,,) BUSINESS INCOME [l 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 FUNGUS EXCLUSION (If "YES", speclfy organization's form used) X REPLACEMENT COST X AGREED VALUE X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If Applicable) X NYE S,LIMIT:Included DED:$10,000 ORDINANCE OR LAW - Coverage for toss 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 (If Applicable) X If YES, LIMIT: DED: FLOOD (If Applicable) X If YES, LIMIT: DED: WIND / HAIL INCL © YES ID No Subject to Different Provisions: X If YES, LIMIT:Included DED:$10,000 NAMED STORM INCL © YES El NO Subject to Different Provisions: X If YES, LIMIT:Included DED:$10,000 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 X CONTRACT OF SALE MORTGAGEE X LENDERS LOSS PAYABLE Additional Insured LOSS PAYEE NAME AND ADDRESS City of Gilroy and its elected officials, board members, officers, employees, agents and representatives, D Housing and Community Development 7351 Rosanna Str Gilroy, CA 95020 USA LENDER SERVICING AGENT NAME AND ADDRESS AUTHORIZED REPRESENTATIVE ACORD 28 (2016/03) OD 2003.2015 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD A,C D® AGENCY CUSTOMER ID: EDENHOU-02 LOC #: ADDITIONAL REMARKS SCHEDULE Page 1 of 1 AGENCY ArthurJ. Gallagher Risk Manag ement Services, LLC POLICY NUMOER EW0169023 CARRIER Underwriters at Lloyd's London NAIC CODE 15792 NAMED INSURED Eden Housing Inc. 22645 Grand Street Hayward CA 94541 EFFECTIVE DATE: 12/31/2023 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 - 12/31/2023 to 12/31/2024 Primary$10,000,000 Underwriters at Lloyds, London (Faraday Slip) i Policy # EW0169023 Underwriters at Lloyds, London (QBE Slip) I Policy # EW0169023 Lexington Insurance Company Policy # 62502784 Kemah Capital LLC — National Fire & Marine I Polley # KMDF030000005023 Zurich - Steadfast Insurance Company i Policy # CPP041552801 $15,000,000 xs $10,000,000 Landmark American Insurance Company I Policy # LHD939417 Aspen Specialty Insurance Company l Policy # PXOOK9Q23 Endurance American Specialty Insurance Company I Policy # ESP30000409406 AXIS Surplus Insurance Company l Policy # ELF65837523 StarStone Specialty Insurance Company i Policy # P70268231 CSP $25,000,000 xs $25,000,000 Ategrity Specialty Insurance Company l Policy # 01 BXPP000013554 Underwriters at Lloyds, London (NOA Slip) i Policy # EW0169023 Underwriters at Lloyds, London (Axis Slip) i Policy # EW0231223 Kinsale Insurance Company l Policy # 010022011771 Arch Specialty Insurance Company i Policy # ESP101972101 Ironshore Specialty Insurance Company I Policy # 100063524101 $50,000,000 xs $50,000,000 Homeland Insurance Company of NY i Policy # 795024690 Underwriters at Lloyds, London Atrium Slip) i Policy # EW0231223 Underwriters at Lloyds, London (Hanover Slip) i Policy # EW0231323 Navigators l Policy # GA23HABZOFHYZIC Risksmith I Policy # 23XSP0763 $70,000,000 xs $100,000,000 Great American Insurance Company of New York i Policy # CPP173771107 $180,000,000 xs $170,000,000 Landmark American Insurance Company I Policy# LHD939418 Mitsui Sumitomo Insurance Company I Policy # EXP7000751 Equipment Breakdown I Primary layer, all subsequent layers include Equipment Breakdown as a covered Peril Underwriters at Lloyds, London Faraday Slip) I Policy # EW0169023 Underwriters at Lloyds, London (QBE Slip) i Policy # EW0169023 Lexington Insurance Company I Policy # 62602784 Kemah Capital LLC — National Fire & Marine I Policy # KMDF030000005023 Continental Casualty Company I Policy # 7036561194 Property Deductible - $10,000 AOP Other Significant Coverage Terms; - 365 Days Business Income Extended Period or Restoration - Blanket Building coverage includes ALL Properties for Eden Housing, Inc. - Wind and Hail included - The insurable value Is 100% Replacement Cost value for the Location; however, there are no limitations within the policy tying loss recovery to the statement of values. The Blanket Limit is available for loss at any location. Name Insured includes: Gilroy Transitional Housing Center Associates. 000000 02 03 002708 006908 P ACORD 101 (2008/01) © 2008 ACORD CORPORATION. All rights reserved. The ACORD name and logo are registered marks of ACORD POLICY NUMBER: KMDF030000005023 COMMERCIAL PROPERTY CP12180696 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. LOSS PAYABLE PROVISIONS This endorsement modifies Insurance provided under the following: BUILDING AND PERSONAL PROPERTY COVERAGE FORM BUILDERS' RISK COVERAGE FORM CONDOMINIUM ASSOCIATION COVERAGE FORM CONDOMINIUM COMMERCIAL UNIT -OWNERS COVERAGE FORM STANDARD PROPERTY POLICY Prem. Bldg. No. No. Description of Property SCHEDULE Provisions Applicable Loss Payee Loss (Name & Address) Payable Mission Viejo Community Development Agency, City of Mission Viejo, their boards, officers, agents and 200 Civic Center Mission Viejo, CA 92691 A. When this endorsement is attached to the STAN- DARD PROPERTY POLICY CP 00 99 the term Coverage Part in this endorsement Is replaced by the term Policy. The following is added to the LOSS PAYMENT Loss Condition, as indicated in the Declarations or by an "X" in the Schedule: Lender's Contract Loss Payable Of Sale B. LOSS PAYABLE For Covered Property In which both you and a Loss Payee shown in the Schedule or in the Dec- larations have an insurable interest, we will: 1. Adjust losses with you; and 2. Pay any claim for Toss or damage jointly to you and the Loss Payee, as interests may appear. CP 1218 06 95 Copyright, ISO Commercial Risk Services, Inc., 1994 Page 1 of 2 C:LENDER'S LOSS PAYABLE 1- The Loss Payee shown in the Schedule or in the Declarations is a creditor, including a mortgageholder or trustee, whose interest. writ- ten _st����� a` ' ` Warehouse receipts; b A contract for deed; c Bills oflading; d Financing statements; or e. Mortgages, deeds of trust, or security ` agreements. 2, For Covered Property In which both you and Loss Payee have wninsurable interest: a. Vewill pay for covered loss or damage to startedeach Loss Payee in their order of prece- dence, as interests may appear. b. The Loss Payee has the right to receive loss payment even if the Loss Payee has —_foreclosure-__- or similar action—_ Covered Property. c. If we deny your claim because of your acts or because you have failed to comply with the terms of the Coverage Part, the Loss Payee will still have the right toreceive loss payment iftheLoss Payee: (i) Pays any premiumdue under this Cov- erage at our request if you have failed 0000eo� . (2)8bmits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and (3) Has notified us of any change in owner- ship, occupancy or substantial change In risk known to the Loss Payee. All of the terms of this Coverage Part will Payee.then apply directly to the Loss dIf we pay the Loss Payee for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Coverage (1) The Loss Payee's rights will be trans- ferred to us to the extent of the amount (2) The Loss Payee's rights to recover the full amount of the Loss Payee's claim will not be impaired. At our option, we may pay to the Loss Payee the whole principal on the debt plus any accrued Interest, In this event, you will pay your remaining debt to us. 3. If we cancel this policy, we will give written notice to the Loss Payee at least: a. 10 days before the effective date of cancel- lation if we cancel for your nonpayment of premium; or b. 30 days before the effective date of cancel- lation if we cancel for any other reason. 4. If we elect not to renew this policy, we will give written notice to the Loss Payee at least 10 days before the expiration date of this policy, D. CONTRACT OF SALE 1`The Loss Payee shown In the Schedule or|n the Declarations is a person or organization you have entered a contract with for the sale of Covered Property. 2. For Covered Property In which both you and the Loss Payee have an Insurable interest we will: m. Adjust losses with you; and b` Pay any ' claim for loss or damage jointly toyou and the Lnoa Payee, euinterests may appear, ' 8. The following Is addedbutheOTHER|NSUR- ANCE Condition: Covered Property that Is the subject of a contract of oale, the word "you" includes the Payee.Loss � Page 2 of 2 Copyright, ISO Commercial Risk Services, |n�1994 CP121O06 96