PERILS INSURED AGAINST: Fire, Lightning, Explosion, Extended Coverage  (Windstorm, Hail, Riot, Riot Attending a Strike, Civil Commotion, Aircraft, Vehicles and Smoke) ,Vandalism and Malicious Mischief, Sprinkler Leakage, Time Element (Business Income for Mercantile and Non-Manufacturing Properties, Manufacturing and Mining, Rental Properties, Educational Institutions, Extra Expense, and Leasehold Interest).

INSURANCE SERVICES OFFICE FORM: CP 00 99 (STANDARD PROPERTY POLICY)

STANDARD DEDUCTIBLE: $500
OPTIONAL DEDUCTIBLES: $250, $1,000, $2,500, $5,000, $10,000,
$25,000, $50,000, $75,000
ELIGIBILITY: APARTMENTS WITH 5 OR MORE UNITS,
COMMERCIAL BUILDINGS AND CONTENTS THEREIN
MINIMUM LIMITS: NONE
MAXIMUM LIMITS:


COVERAGE TYPE
___________

CONSTRUCTION
________________

OCCUPIED
___________

SUBJECT TO LOSS CONTROL
_____________


VACANT OR
UNOCCUPIED
_____________
BUILDING &
TIME ELEMENT-
RENTAL PROPERTIES		 FIRE RESISTIVE
MASONRY
FRAME		 $1,200,000
750,000
600,000		 $1,500,000
1,200,000
N/A		 $500,000
300,000
100,000
CONTENTS &
ALL OTHER
TIME ELEMENT		 FIRE RESISTIVE
MASONRY
FRAME		 300,000
250,000
250,000		 625,000
500,000
N/A		 N/A
N/A
N/A

NOTE:
THE TOTAL OF FIRE AND TIME ELEMENT COVERAGE AMOUNTS ARE COMBINED WHEN COMPUTING MAXIMUM LIMITS.

MINIMUM PREMIUM: $100.00
LOSS VALUATION METHOD: ACTUAL CASH VALUE
DEPOSIT REQUIREMENTS: $150.00 FOR EACH $50,000 OF COVERAGE REQUESTED OR FRACTION THEREOF
RATING FORMULA: LOSS COSTS PUBLISHED BY THE INSURANCE SERVICES OFFICE  (X) NYPIUA  LOSS COST MULTIPLIER (X) 0.98  (X)  NYPIUA ADJUSTMENT FACTOR (X)  AMOUNT OF INSURANCE (PER 100)
LOSS COST MULTIPLIER:
Effective 02/01/06 New Business 
Effective 04/01/06 Renewal
FIRE: 1.846
ALL OTHER LINES: 1.812

NYPIUA ADJUSTMENT FACTOR:

CONTENTS OF RETAIL TYPE STORES LOCATED IN STORE-TYPE PREMISES, OPERATING IN A SINGLE LOCATION AND OWNED AND OPERATED BY PERSONS RELATED BY BLOOD OR AFFINITY 1.2
REAL PROPERTY OF ELEEMOSYNARY (CREATED FOR CHARITABLE OR BENEVOLENT PURPOSES) INSTITUTIONS USED EXCLUSIVELY FOR ELEEMOSYNARY PURPOSES AND THE FURNISHINGS AND PERSONAL PROPERTY CONTAINED THEREIN 1.2
APARTMENTS OR APARTMENT/MERCANTILE WITH 5 THROUGH 8 UNITS 1.3
APARTMENTS OR APARTMENT/MERCANTILE WITH MORE THAN EIGHT DWELLING UNITS 1.4
ALL OTHERS 1.3



Back to the facts

Back to home page