Evidence_Of_Commercial_Property_Insurance_(201603).PDF
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- Solicitation number
- 26-12
- Issued by
- Walton County, Florida
About this file
This is an Evidence of Commercial Property Insurance certificate issued by Norton Insurance of Florida on behalf of Freeport Business Park Owners Association Inc, with Lloyds of London Bass Underwriters as the underwriter. The document certifies commercial property insurance coverage for two parcels located at 842 and 902 State Highway 20 E in Freeport, Florida, described as a commercial condominium. The policy, numbered AMR-90631, became effective on February 21, 2026, and expires on February 21, 2027. The coverage amount totals $6,764,811 with a $5,000 deductible for all-risk coverage, excluding flood and earthquake. Additional coverage includes replacement cost value for all building components except the roof, which is covered on an actual cash value basis, with a $10,000 deductible for that specific coverage and a 3 percent coinsurance clause. Community Bank is listed as the lender loss payee at 1020 John Sims Parkway E, Niceville, Florida.
The policy provides broad commercial property coverage with specific endorsements for equipment breakdown, ordinance or law compliance, and permission to waive subrogation in favor of the mortgagee prior to loss. The certificate indicates that should any described policies be cancelled before the expiration date, notice will be delivered according to policy provisions. This evidence of insurance is issued for informational purposes only and confers no rights upon additional interested parties. The document was printed on February 27, 2026, by authorized representative Liz at Norton Insurance of Florida and serves as formal notification that the required property insurance is in force for the specified location and coverage period.
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Text version
LIZ
02/27/2026
(850)244-1574 Norton Insurance of Florida 102 Beal Pkwy SW Fort Walton Beach, FL 32548 liz@norton-insurance.com
95967377
Freeport Business Park Owners Association Inc 116 Montgomery Cir Defuniak Springs, FL 32435-4731 n/a Lloyds of London Bass Underwriters 161 Dauphin St Mobile, AL 36602
Property
1021039 AMR-90631
02/21/2026 02/21/2027
X 902 State Highway 20 E 842 State Highway 20 E Freeport FL 32439--3912
Description: Commercial Condo
X X excluding flood and earthquake
6,764,811 $5,000 AOP
X
X RCV except roof - roof is ACV
X $10,000 X 3% x
PNB Community Bank 1020 John Sims Pkwy E Niceville, FL 32578
LIZ
Printed by LIZ on February 27, 2026 at 09:09AM
LOSS PAYEE
DATE (MM/DD/YYYY)
PRODUCER NAME, NAIC NO:PHONE COMPANY NAME AND ADDRESS
CONTACT PERSON AND ADDRESS (A/C, No, Ext):
IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACHFAX E-MAIL
(A/C, No): ADDRESS:
POLICY TYPECODE: SUB CODE:
AGENCY
CUSTOMER ID #:
NAMED INSURED AND ADDRESS LOAN NUMBER POLICY NUMBER
EFFECTIVE DATE EXPIRATION DATE
ADDITIONAL NAMED INSURED(S) THIS REPLACES PRIOR EVIDENCE DATED:
LOCATION / DESCRIPTION
LENDER SERVICING AGENT NAME AND ADDRESS
NAME AND ADDRESS
AUTHORIZED REPRESENTATIVE
CONTINUED UNTIL
TERMINATED IF CHECKED
YES NO
YES NO
CONTRACT OF SALE LENDER'S LOSS PAYABLE
MORTGAGEE
YES NO N/A
PERILS INSURED BASIC BROAD SPECIAL
COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: DED:
BUSINESS INCOME RENTAL VALUE If YES, LIMIT: Actual Loss Sustained; # of months:
BLANKET COVERAGE If YES, indicate value(s) reported on property identified above: $
TERRORISM COVERAGE Attach Disclosure Notice / DEC
IS THERE A TERRORISM-SPECIFIC EXCLUSION?
IS DOMESTIC TERRORISM EXCLUDED?
LIMITED FUNGUS COVERAGE If YES, LIMIT: DED:
FUNGUS EXCLUSION (If "YES", specify organization's form used)
REPLACEMENT COST
AGREED VALUE
COINSURANCE If YES, %
EQUIPMENT BREAKDOWN (If Applicable) If YES, LIMIT: DED:
ORDINANCE OR LAW - Coverage for loss to undamaged portion of bldg If YES, LIMIT: DED:
- Demolition Costs If YES, LIMIT: DED:
- Incr. Cost of Construction If YES, LIMIT: DED:
EARTH MOVEMENT (If Applicable) If YES, LIMIT: DED:
FLOOD (If Applicable) If YES, LIMIT: DED:
WIND / HAIL INCL Subject to Different Provisions: If YES, LIMIT: DED:
NAMED STORM INCL Subject to Different Provisions: If YES, LIMIT: DED:
PERMISSION TO WAIVE SUBROGATION IN FAVOR OF MORTGAGE
HOLDER PRIOR TO LOSS
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.
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.
(ACORD 101 may be attached if more space is required)
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE THE EXPIRATION DATE THEREOF, NOTICE WILL BE
DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.
PROPERTY INFORMATION BUILDING OR BUSINESS PERSONAL PROPERTY
COVERAGE INFORMATION
CANCELLATION
ADDITIONAL INTEREST
© 2003-2015 ACORD CORPORATION. All rights reserved.
The ACORD name and logo are registered marks of ACORDACORD 28 (2016/03)
EVIDENCE OF COMMERCIAL PROPERTY INSURANCE
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