105701872_AMW_SRU_Binder_-_Freeport_Business_Park_Owner's_Association,_Inc.pdf

1227 South Patrick Drive Suite 101, Satellite Beach, FL 32937

A085932

Susan Flemming

02/21/2025

Freeport Business Park Owner's Association, Inc.

02/21/2026

MULTIPLE

102 S.W. Beal Parkway Fort Walton Beach FL, 32548

$57,975.00 $500.00

$2,913.37 $35.39

$64.00

$0.00 $500.00

Daniel Jones

Binder/Authorization 02/18/2025

Insured: Freeport Business Park Owner's Association, Inc.

116 Montgomery Circle Defuniak Springs, FL 32435 Account #: S-2409-1004320-01

(SRU Internal Use Only)

Home State: FL

Effective Date: 02/21/2025 Both days at 12:01 A.M. standard time at the location of the property insured.

Expiration Date: 02/21/2026 Limits of Liability: $6,764,811 Per occurrence

Sublimits of Liability are subject to and not in addition to the Limit of Liability shown above. These Sublimits of Liability are: (i) Per Occurrence unless otherwise indicated, and (ii) 100% layer sublimits, of which we assume the percentage share as indicated in Limits of Liability., above.

See Sublimits Addendum Below:

TIV: $6,764,811 Per schedule on file with AmWINS Special Risk Underwriters- not blanket coverage

Coverage: Real Property;

-Exterior Insulation and Finish System (EIFS) is NOT COVERED

Perils Insured: All Risk as defined in the policy form Excluding Earthquake Excluding Flood, Storm Surge and Equipment Breakdown

Deductibles: $10,000 All Other Perils per occurrence, except:

$25,000 All Other Wind/Hail per occurrence 5% per Total Insurable Values per location reported on the Schedule of Values, subject to $100,000 minimum per occurrence respects Named Storm

Valuation / Coinsurance: Real Property - Replacement Cost;

-except: Actual Cash value to roof or roof coverings older than 12 years

Coinsurance: Nil

Premium: $55,214.00 Property $500.00 Amwins CAT Modeling Fee

$2,761.00 TRIA

MEP: 35%

Or per the CAT Minimum Earned Premium (MEP) endorsement (if applicable), whichever is greater.

The broker named herein is responsible for the collection and payment of all surplus lines taxes and fees.

Territory: United States, excluding US Virgin Islands, Puerto Rico and all foreign locations including Canada.

Comments/ Conditions:

Protective Safeguards:

Applies to locations as reported on the Schedule of Values

(i) Automatic Sprinkler System Applies to all locations

(iv) Other:

(a) Heating, Ventilation, and Air Conditioning - (i) unit(s) serviced annually, (ii) in operation or running at all times, and (iii) constant minimum temperature of 55 degrees

(d) Any aluminum wiring in building are properly pigtailed or retrofitted with CO/AL receptacles on all switches, outlets and circuit breaker panels and in accordance with local electrical codes

Coverage, terms and conditions, and pricing are subject to (i) no material exposure change or (ii) further deterioration of the loss record.

In the event of a moratorium applicable to the risk for which insurance is sought, coverage cannot be bound without prior underwriter approval.

Binder Expiration: 120 days post issuance of this Binder

Coverage requested on your submission, application and/or attachments that are not specified on our Quote authorization are not included. All taxes, fees and filings in the applicable state(s) are the responsibility of the broker. In addition to more common policy exclusionary language, your Quotes and policies will exclude all pre-existing damage prior to binding, all foreign locations and exposures (including Canada, Puerto Rico, and U.S. Virgin Islands), pollution/contamination, asbestos, terrorism other than TRIA certified acts, mold, electronic data/cyber risk losses and related computer losses, unless noted above.

Privacy Notices:

HDI Global Specialty SE (HDI Global Specialty) is an insurance company whose registered office address is Podbielskistraße 396, 30659 Hannover, Germany. It is a Data Controller and Data Processor as defined under the EU General Data Protection Regulation (‘GDPR’). HDI Global Specialty’s notice on how it may collect and deal with your data and how it may be dealt with may be found at the following link:

https://www.hdi-specialty.com/int/en/legals/privacy

Click below to read Ironshore Specialty Insurance Company’s Privacy Notice including the California Privacy Policy

(CCPA/CPRA):

http://libertymutual.com/privacy

In the event of a loss, claims are to be submitted as follows [email is preferable for quickest response]:

Company: Peninsula Insurance Bureau Address: 2842 Lent Road, Apopka, FL 32712 Email address: tpa@pibadjusters.com

Program Sub-limits of Liability: All are per “occurrence” (unless shown as in the aggregate) and are part of, not in addition to, the Limit of Liability.

Property Damage Coverage - Extensions of Coverage

1. Accounts Receivable $25,000

2. Debris Removal $25,000

3. Electronic Data Processing Equipment Breakdown No Coverage

4. “Electronic Data Processing Media” Breakdown No Coverage

5. Expediting Expense $10,000

6. Fine Arts No Coverage

7. Fire Department Service Charge $1,000

8. Limited Coverage for “Fungus”. Wet Rot, Dry Rot and “Bacteria” No Coverage

9. Miscellaneous Unnamed Locations No Coverage

10. Newly Acquired Property $100,000

11. Ordinance or Law I. Included II. & III. $50,000 combined

12. Outdoor Property No Coverage

13. Pollutant Clean Up and Removal No Coverage

14. Preservation of Property $25,000

15. Professional Fees $25,000

16. Property Off-Premises $25,000

17. Property in Transit No Coverage

18. Service Interruption $25,000

19. Valuable Papers and Records No Coverage

Time Element Coverage

1. Business Income No Coverage

2. Extra Expense No Coverage

3. Leasehold Interest No Coverage

4. Rental Value No Coverage

Time Element Coverage - Extensions of Coverage

1. Civil Authority No Coverage

2. Contingent Business Income No Coverage

3. Extended Period of Indemnity No Coverage

4. Ingress or Egress No Coverage

5. Newly Acquired Property No Coverage

6. Service Interruption No Coverage

Endorsement - Extensions of Coverage

1. Earthquake No Coverage In the annual aggregate

2. Flood No Coverage In the annual aggregate

Common forms: Primary

SRU-001 0519 Property Declarations – Participating

Schedule of Forms Schedule of Forms

SRU-003 0125 AmWINS Special Risk Underwriters Property Form

SRU-004 0124 CAT Minimum Earned Premium

SRU-005 0710 Electronic Date Recognition Exclusions

SRU-006 0710 Biological Or Chemical Materials Exclusion

SRU-007 0710 Radioactive Contamination Exclusion Clause Physical Damage – Direct (U.S.A.)

SRU-008 0710 Land, Water And Air Exclusion

SRU-009 0710 Seepage And/or Pollution And/or Contamination Exclusion

SRU-011 0710 Asbestos Endorsement

SRU-012 0120 Property Cyber and Data Exclusion

SRU-013 1220 Mold Exclusion

SRU-014 1017 Flood Exclusion

SRU-016 0710 Occurrence Limit Of Liability – Stated Value

SRU-023 0123 Contract Allocation

SRU-059 1220 U.S. Treasury Department's Office Of Foreign Assets Control (OFAC) Advisory Notice To Policyholders

SRU-074 0125 General Property Conditions

Certain Underwriter’s At Lloyd's Syndicate List Certain Underwriter’s At Lloyd's Syndicate List

LMA5393 Communicable Disease Endorsement

SRU-020 0216 Earth Movement Exclusion

SRU-022 0710 Equipment Breakdown Exclusion

SRU-024 0123 Protective Safeguards

SRU-035 0911 Joint Loss Agreement

SRU-040 0312 Policy Changes Endorsement

SRU-068 0917 Pre-Existing Damage Exclusion Endorsement

SRU-069 0118 Sinkhole Endorsement (excl FL)

SRU-072 0123 Territory Limitation Endorsement

SRU-077 0125 Named Storm Percentage Deductible

SRU-079 1024 Actual Cash Value - Roof or roof coverings

SRU-081 0124 EIFS Exclusion Endorsement

SRU-082 1024 Cosmetic Loss or Damage Exclusion

1230THB00628 U.S. Terrorism Risk Insurance Act Of 2002 As Amended New & Renewal Business Endorsement

Property Loss Notice Property Loss Notice

Carrier Participation / No. of policies being issued Carriers participation may change at time of binding or throughout the coverage period.

Peril Legend AOP - All Other Perils EBD - Equipment Breakdown NW CYHD* - Named Wind Storm (Calendar Year Hurricane Deductible) FL - Flood Only NW - Named Wind Storm EQ - Earthquake/Earthquake Sprinkler Leakage or Earth Movement/Earth Movement incl Sprinkler Leakage W/H – Wind/Hail Only (as described in the policy form)

Peril Limit Layer Attachment AOP excl. NW, EQ, FL $6,764,811 $6,764,811 Deductible

NW $6,764,811 $6,764,811 Deductible

Company Unique Market Reference Policy Number Participation Premium TRIA

Certain Underwriters at Lloyd's B123025AWS1637 AQS-250342 14.5000% $8,006 $400

Certain Underwriters at Lloyd's B123022AWS1641 MDM-250342 2.0000% $1,104 $55

Certain Underwriters at Lloyd's B123025AWS1643 RNR-250342 12.5000% $6,902 $345

HDI Global Specialty SE B123025AWS1638 HAQS-250342 1.0000% $552 $28

Certain Underwriters at Lloyd's B123024AWS1646 STY-250342 2.0000% $1,104 $55

Certain Underwriters at Lloyd's B123024AWS1457 HVR-250342 5.5000% $3,037 $152

Certain Underwriters at Lloyd's B123024AWS1447 ILM-250342 25.0000% $13,804 $690

Certain Underwriters at Lloyd's B123025AWA1463 HCK-250342 1.0000% $552 $28

Western World Insurance Company SCO0012071 6.0000% $3,313 $166

Evanston Insurance Company MSRU003956-01 5.5000% $3,037 $152

Covington Specialty Insurance Company VAS-250342 15.0000% $8,282 $414

Superior Specialty Insurance Company TJE-250342 4.5000% $2,485 $124

PartnerRe Insurance Solutions Bermuda Ltd BMX-250342 2.0000% $1,104 $55

Obsidian Specialty Insurance Company AWV-PR-000250342-00 1.5000% $828 $41

Ironshore Specialty Insurance Company LSR-250342-00 1.0000% $552 $28

Dellwood Specialty Insurance Company DPC02500342 1.0000% $552 $28

CERTAIN UNDERWRITERS AT LLOYD'S SYNDICATE LIST

If Certain Underwriter's at Lloyd's London are listed as security on the Contract Allocation Endorsement attached to the policy, the list of syndicates is shown below:

Account Number: S-2409-1004320-01

Certificate Number UMR Number Syndicate

Number Syndicate Abbr. Syndicate Name Participation %

AQS-250342 B123025AWS1637 - Section 1 2623 AFB Beazley Furlonge Limited 4.8578%

AQS-250342 B123025AWS1637 - Section 1 1183 TAL Talbot Underwriting Limited 14.4578%

AQS-250342 B123025AWS1637 - Section 1 1880 TMK Tokio Marine Kiln Syndicates Ltd. 14.6988%

AQS-250342 B123025AWS1637 - Section 1 0510 KLN Tokio Marine Kiln Syndicates Ltd. 58.7952%

AQS-250342 B123025AWS1637 - Section 1 0623 AFB Beazley Furlonge Limited 1.8892%

AQS-250342 B123025AWS1637 - Section 1 1225 AES AEGIS Managing Agency Limited 2.4096%

AQS-250342 B123025AWS1637 - Section 1 4444 CNP Canopius Managing Agents Limited 2.8916%

MDM-250342 B123022AWS1641 - Section 1 2987 BRT Brit Syndicates Limited 100.0000%

RNR-250342 B123025AWS1643 - Section 1 1458 RNR RenaissanceRe Syndicate Management Limited 100.0000%

STY-250342 B123024AWS1646 - Section 1 0510 KLN Tokio Marine Kiln Syndicates Ltd. 80.0000%

STY-250342 B123024AWS1646 - Section 1 1880 TMK Tokio Marine Kiln Syndicates Ltd. 20.0000%

HVR-250342 B123024AWS1457 - Section 1 0033 HIS Hiscox Syndicates Limited 100.0000%

ILM-250342 B123024AWS1447 - Section 1 1225 AES AEGIS Managing Agency Limited 37.4813%

ILM-250342 B123024AWS1447 - Section 1 4635 SWD Satinwood Underwriting Limited * 25.0375%

ILM-250342 B123024AWS1447 - Section 1 0510 KLN Tokio Marine Kiln Syndicates Ltd. 29.9850%

ILM-250342 B123024AWS1447 - Section 1 1880 TMK Tokio Marine Kiln Syndicates Ltd. 7.4962%

HCK-250342 B123025AWA1463 - Section 4 - A 9029 KII Ki Digital Services Limited ** 100.0000%

* Satinwood - All Underwriters as per LPSO Registered No 4635 with security being 90% Syndicate BEA 4242 and 10% Syndicate MRS 457

** Ki Digital Services Limited as per LPSO Registered Agreement No 9029 with the security being 100% Ki 1618