ADD 1 ATT 3 RFP-11EAL-220 - Q7 Policy Premiums.pdf
PDF 46 KB Posted
- Attached to
- Property Insurance Brokerage Services
- Solicitation number
- RFP-11EAL-220
- Issued by
- Marion County, Indiana
About this file
This document is a property insurance premium proposal and comparison prepared by Gregory & Appel Insurance for the Consolidated City of Indianapolis and Marion County. The proposal presents the property insurance coverage for the 2026/2027 policy period, including property coverage with terrorism protection and agency consulting fees. The document outlines the current exposure values, including a total insurable value of $585,222,065 for 2026/2027, along with specialized coverages for Electronic Data Processing valued at $60,752,317 and towers valued at $12,000,000. The proposal indicates an annual payment option payable to Gregory & Appel Insurance and references an endorsement (Endt) for 5001 E Raymond Street in Indianapolis, Indiana.
The total annual premium for 2026/2027 is proposed at $417,303.00, representing a decrease of $3,070 or 0.73% compared to the 2025/2026 premium of $420,243.00. The property insurance premium is $387,173 with an agency consulting fee of $30,000. The document includes critical language regarding non-standard market policies, noting that minimum earned premiums apply regardless of the duration coverage remains in place, with minimums ranging from 25% to 100% of the annual premium. The document emphasizes that if the premium is financed, coverage cannot be considered bound until the signed finance agreement and minimum down payment are received by the agency.
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Other files
| File | Type | Posted |
|---|---|---|
| ADD 1 ATT 5 RFP-11EAL-220 - Q9 Statement of Values.xlsx | XLSX spreadsheet | |
| ADD 1 ATT 4 RFP-11EAL-220 - Q8 Loss Runs.pdf | ||
| ADD 1 ATT 1 RFP-11EAL-220 - Q3 Evidence of Property Insurance.pdf | ||
| ADD 1 RFP-11EAL-220.pdf |
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Text version
Gregory & Appel Insurance May 20, 2026 Page 16 of 22
Consolidated City of Indianapolis and Marion County
Premium Summary / Comparison
Line of Business 2025/2026
Current Premium
2026/2027
Proposed Premium
DIFF in
Premium / %
Property Including Terrorism $390,243 $387,173
Agency Consulting Fee $30,000 $30,000
Total Premium: $420,243.00 $417,173.00 $-3,070 / -0.73%
Endt: Add 5001 E Raymond St.
Indianapolis IN 46203 N/A $130.00
New Total Premium w/Endt N/A $417,303.00
Payment Options � Annual payment � payable to Gregory & Appel Insurance
Exposure Comparison
Exposure 2025/2026 2026/2027 Difference
Total Insurable Value $569,630,065 $585,222,065 2.74%
EDP $60,752,317 $60,752,317 0%
Towers $12,000,000 $12,000,000 0%
If the premium is being financed, coverage cannot be considered bound until the signed finance agreement and the minimum down payment have been received by the agency.
It is important for Consolidated City of Indianapolis and Marion County to give careful thought to the values, limits, and terms and conditions selected. As you make your decisions regarding the limits you choose, please bear in mind the reminders we have placed here and in other sections of this proposal.
Policies placed in a non-standard market have a minimum earned premium. This means that regardless of the amount of time the coverage is in place, the minimum earned (from 25% up to 100% of the annual premium) is considered fully earned and due. Please be sure that you have a clear understanding of the minimum premium requirements of the carrier and policy proposed here.
File details come from the government source that posted it. Updated .