CERTIFICATE OF LIABILITY INSURANCE

Transcription

1 GEN'L GGREGTE LIMIT PPLIES PER: PRO- POLICY JECT LOC UTOMOBILE LIBILITY CERTIFICTE OF LIBILITY INSURNCE DTE (MM/DD/YYYY) THIS CERTIFICTE IS ISSUED S MTTER OF INFORMTION ONLY ND CONFERS NO RIGHTS UPON THE CERTIFICTE HOLDER. THIS CERTIFICTE DOES NOT FFIRMTIVELY OR NEGTIVELY MEND, ETEND OR LTER THE COVERGE FFORDED BY THE POLICIES BELOW. THIS CERTIFICTE OF INSURNCE DOES NOT CONSTITUTE CONTRCT BETWEEN THE ISSUING INSURER(S), UTHORIZED REPRESENTTIVE OR PRODUCER, ND THE CERTIFICTE HOLDER. IMPORTNT: If the certificate holder is an DDITIONL INSURED, the policy(ies) must be endorsed. If SUBROGTION IS WIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s). CONTCT Brian. Kalmenson PRODUCER Michael bdou Insurance gency, Inc Mission Center Ct. Ste 103 San Diego, C (619) INSURED Del Mar Villas Condominium ssociation c/o SSOCITED PROFESSIONL SERVICES #649 PO BO SN DIEGO, C COVERGES CERTIFICTE NUMBER: REVISION NUMBER: THIS IS TO CERTIFY THT THE POLICIES OF INSURNCE LISTED BELOW HVE BEEN ISSUED TO THE INSURED NMED BOVE FOR THE POLICY PERIOD INDICTED. NOTWITHSTNDING NY REQUIREMENT, TERM OR CONDITION OF NY CONTRCT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS CERTIFICTE MY BE ISSUED OR MY PERTIN, THE INSURNCE FFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO LL THE TERMS, ECLUSIONS ND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MY HVE BEEN REDUCED BY PID CLIMS. INSR DDL SUBR LTR TYPE OF INSURNCE INSR WVD POLICY NUMBER POLICY EFF (MM/DD/YYYY) POLICY EP (MM/DD/YYYY) LIMITS GENERL LIBILITY 6/1/2015 6/1/2016 ECH OCCURRENCE 1,000,000 DMGE TO RENTED COMMERCIL GENERL LIBILITY PREMISES (Ea occurrence) 75,000 CLIMS-MDE OCCUR MED EP (ny one person) 5,000 PERSONL & DV INJURY 1,000,000 B D C Directors & Officers NY UTO LL OWNED UTOS HIRED UTOS SCHEDULED UTOS NON-OWNED UTOS CP NME: PHONE (/C, No, Ext): E-MIL DDRESS: INSURER : INSURER B : INSURER C : INSURER D : INSURER E : INSURER F : certs@abdouinsurance.com GENERL GGREGTE 2,000,000 PRODUCTS - COMP/OP GG 1,000,000 D&O Limit/gg 1,000,000 COMBINED SINGLE LIMIT (Ea accident) 1,000,000 UMBRELL LIB OCCUR SUO /1/2015 6/1/2016 ECH OCCURRENCE 15,000,000 ECESS LIB CLIMS-MDE GGREGTE 15,000,000 DED RETENTION 0 WORKERS COMPENSTION /1/2015 6/1/2016 WC STTU- OTH- ND EMPLOYERS' LIBILITY TORY LIMITS ER Y / N NY PROPRIETOR/PRTNER/EECUTIVE E.L. ECH CCIDENT 1,000,000 OFFICER/MEMBER ECLUDED? Y N / (Mandatory in NH) E.L. DISESE - E EMPLOYEE 1,000,000 If yes, describe under DESCRIPTION OF OPERTIONS below E.L. DISESE - POLICY LIMIT 1,000,000 Building - 100% Replacement 6/1/2015 6/1/ ,070,147 10,000 Ded Fidelity/Employee Dishonesty 6/1/2015 6/1/ ,000 2,500 Ded Mech Breakdown/Ordinance Law 6/1/2015 6/1/2016 Included - See ttached cord DESCRIPTION OF OPERTIONS / LOCTIONS / VEHICLES (ttach CORD 101, dditional Remarks Schedule, if more space is required) INSURER(S) FFORDING COVERGE Truck Insurance Exchange BODILY INJURY (Per person) BODILY INJURY (Per accident) PROPERTY DMGE (Per accident) F (/C, No): Liberty Insurance Underwriters, Inc Farmers Insurance Exchange National Surety Corporation 6/1/2015 6/1/ /1/2016 6/1/2016 General Certificate, Multiple Locations, San Diego, C Property policy is "Single Entity" and includes Extended replacement up to 51,612,209 (232 Units) 06/01/ NIC # CERTIFICTE HOLDER ssociated Professional Services, Inc. PO Box San Diego, C Loan Number: CNCELLTION SHOULD NY OF THE BOVE DESCRIBED POLICIES BE CNCELLED BEFORE THE EPIRTION DTE THEREOF, NOTICE WILL BE DELIVERED IN CCORDNCE WITH THE POLICY PROVISIONS. UTHORIZED REPRESENTTIVE CORD 25 (2010/05) CORD CORPORTION. ll rights reserved. The CORD name and logo are registered marks of CORD

2 . MEMO TO: Mortgage Processors FROM: MICHEL BDOU INSURNCE GENCY 7850 Mission Center Ct #103 San Diego, C (619) F: (619) The master insurance policies for this community include the following: 1) Building Ordinance or Law Coverage 2) Separation of Insureds (Severability of Interests) 5. Separation Of Insureds Except with respect to the Limits of Insurance, and any rights or duties specifically assigned in this policy to the first Named Insured, this insurance applies: a. s if each Named Insured were the only Named Insured; and b. Separately to each insured against whom claim is made or "suit" is brought. 3) Property management is named additional insured on General Liability, Directors & Officers (D&O), and Fidelity (crime) coverage. - Other Information: "GRC" means Guaranteed Replacement Cost (no coinsurance) "V" means greed mount Value (no coinsurance) 150% Extended Coverage "RCV" means Replacement Cost Value (no coinsurance) 150% Extended Coverage - Unit Owners Coverage Information (condominium communities): "ll-in" means including betterments and improvements "Single-Entity" means including unit interiors, but excluding betterments "Bare Walls" means excluding unit interiors beyond unfinished surfaces. - Policy Cancellation Provisions: There is a 10 day notice of cancellation for non-payment of premiums, and a 30 day notice of cancellation for all other reasons to the ssociation Insurance Trustee.

3 Lender's Loss Payable Endorsement Form 438BFU NS (Rev. May 1, 1942) x 1. Loss or damage, if any, under this policy, shall be paid to the Payee named in the Declarations of this policy, its successors and assigns, hereinafter referred to as "the Lender", in whatever form or capacity its interests may appear and whether said interest be vested in said Lender in its individual or in its disclosed or undisclosed fiduciary or representative capacity, or otherwise, or vested in a nominee or trustee of said Lender. 2. The insurance under this policy, or any rider or endorsement attached thereto, as to the interest only of the Lender, its successors and assigns, shall not be invalidated nor suspended: (a) by any error, omission, or change respecting the ownership, description, possession, or location of the subject of the insurance or the interest therein, or the title thereto; (b) by the commencement of foreclosure proceedings or the giving of notice of sale of any of the property covered by this policy by virtue of any mortgage or trust deed; (c) by any breach of warranty, act, omission, neglect, or non-compliance with any of the provisions of this policy, including any and all riders now or hereafter attached thereto, by the named insured, the borrower, mortgagor, trustor, vendee, owner, tenant, warehouseman, custodian, occupant, or by the agent of either or any of them or by the happening of any event permitted by them or either of them, or their agents, or which they failed to prevent, whether occurring before or after the attachment of this endorsement, or whether before or after a loss, which under the provisions of this policy of insurance or of any rider or endorsement attached thereto would invalidate or suspend the insurance as to the named insured, excluding here from, however, any acts or omissions of the Lender while exercising active control and management of the property. 3. In the event of failure of the insured to pay any premium or additional premium which shall be or become due under the terms of this policy or on account of any change in occupancy or increase in hazard not permitted by this policy, this Company agrees to give written notice to the Lender of such non-payment of premium after sixty (60) days from and within one hundred and twenty (120) days after due date of such premium and it is a condition of the continuance of the rights of the Lender hereunder that the Lender when so notified in writing by this Company of the failure of the insured to pay such premium shall pay or cause to be paid the premium due within ten (10) days following receipt of the Company's demand in writing therefore. If the Lender shall decline to pay said premium or additional premium, the rights of the Lender under this Lender's Loss Payable Endorsement shall not be terminated before ten (1 0) days after receipt of said written notice by the Lender. 4. Whenever this Company shall pay to the Lender any sum for loss or damage under this policy and shall claim that as to the insured no liability therefore exists, this Company, at its option, may pay to the Lender the whole principal sum and interest and other indebtedness due or to become due from the insured, whether secured or unsecured, (with refund of all interest not accrued), and this Company, to the extent of such payment, shall thereupon receive a full assignment and transfer, without recourse, of the debt and all rights and securities held as collateral thereto. 5. If there be any other insurance upon the within described property, this Company shall be liable under this policy as to the Lender for the proportion of such loss or damage that the sum hereby insured bears to the entire insurance of similar character on said property under policies held by, payable to and expressly consented to by the Lender. ny Contribution Clause included in any Fallen Building Clause Waiver or any Extended Coverage Endorsement attached to this contract of insurance is hereby nullified, and also any Contribution Clause in any other endorsement or rider attached to this contract of insurance is hereby nullified except Contribution Clauses for the compliance with which the insured has received reduction in the rate charged or has received extension of the coverage to include hazards other than fire and compliance with such Contribution Clause is made a part of the consideration for insuring such other hazards. The Lender upon the payment to it of the full amount of its claim, will subrogate this Company (pro rata with all other insurers contributing to said payment) to all of the Lender's rights of contribution under said other insurance. 6. This Company reserves the right to cancel this policy at any time, as provided by its terms, but in such case this policy shall continue in force for the benefit of the Lender for ten (1 0) days after written notice of such cancellation is received by the Lender and shall then cease. 7. This policy shall remain in full force and effect as to the interest of the Lender for a period of ten (10) days after its expiration unless an acceptable policy in renewal thereof with loss thereunder payable to the Lender in accordance with the terms of this Lender's Loss Payable Endorsement, shall have been issued by some insurance company and accepted by the Lender. 8. Should legal title to and beneficial ownership of any of the property covered under this policy become vested in the Lender or its agents, insurance under this policy shall continue for the term thereof for the benefit of the Lender but, in such event, any privileges granted by this Lender's Loss Payable Endorsement which are not also granted the insured under the terms and conditions of this policy and/or under other riders or endorsements attached thereto shall not apply to the insurance hereunder as respects such property. 9. ll notices herein provided to be given by the Company to the Lender in connection with this policy and this Lender's Loss Payable Endorsement shall be mailed to or delivered to the Lender at its office or branch described in the Declarations of the policy. pproved: Board of Fire Underwriters of the Pacific, California Bankers' ssociation, Committee on Insurance F ME

4 Michael bdou Insurance gency, Inc. Farmers Commercial gency of the Year! Phone: Fax: Mission Center Ct., Ste 103 San Diego, C C #0C73864 Z # NV # Dear Unit Owner, Welcome to the Michael bdou Insurance gency, Inc. I am the agent of the Master Condominium Insurance Policy for your association. I invite you to take advantage of my agency s Farmers Friendly Review to make sure that you are properly protected as a Condominium Unit Owner. Remember, the master insurance policy does not provide the following coverage for your personal condominium: INSURNCE COVERGE NEEDS FOR CONDOMINIUM UNIT OWNERS Personal Liability coverage pays for bodily injuries to other people or damage to their property if you are liable resulting from unintentional acts committed by yourself or qualified family members, including but not limited to sporting activities and acts of your pet(s). Personal Property coverage with replacement cost covering personal belongings as the association master policy does not cover a unit owner s personal property Loss of Use will pay the unit owners living expenses while the unit is not habitable due to an insured loss (i.e. housing, food, utilities, etc. in the event of a fire). Unit Owner s Building Property can be covered as the association s policy may not provide for complete coverage of the unit interior fixtures or upgrades. This Coverage may pay for an individual claim against the master policy deductible. Loss ssessment will pay the owner s share or portion thereof, of assessments levied to all unit owners in the event of an insured loss exceeding the master policy limits. Personal Earthquake Insurance you may obtain supplemental earthquake coverage for your personal unit through the California Earthquake uthority. Personal Umbrella Liability coverage provides additional liability above the underlying limits of your personal liability. Where available, coverage may extend for Loss ssessments over 50,000. Each Homeowners ssociation and their respective Master Policies have various exclusions in regards to the coverage of your real estate investment. mong many of the common exclusions are Unit Improvements, Personal Property, and Personal Liability. s each owner s needs vary, please contact my office to complete your Farmers Friendly Review by phone or in person. Sincerely, Michael bdou, President Michael bdou Insurance gency, Inc Members of the Farmers Presidents Council are a select group of agents and district managers Who demonstrate expertise in providing insurance to the merican Public

5 Michael bdou Insurance gency, Inc. Farmers Commercial gency of the Year! Phone: Fax: Mission Center Ct., Ste 103 San Diego, C C #0C73864 Z # NV # tencion Dueños de Unidades de Condominios Bienvenidos a la agencia de Michael bdou Insurance gency, Inc. Soy su agente de la poliza principal (Master Policy) de su asociación de condominios. Los invito a que tomen ventaja de nuestro programa gratuito Farmers Friendly Review (Revisión de Farmers migable), para asegurar que tenga la protección necesaria como dueño de una unidad de condominio. Coverturas Necesarias de seguranza Para Un Propietario Residente de Una Unidad de Condominio seguranza contra daños a terceros covertura paga gastos medicos a lesionados otras personas, o daños de propiedad agena por la cual usted se encuentra responsable por actos que no son intencionales cometidos por usted o miembros calificantes de su familia, incluyendo pero no limitado a actividades de deportes y actos causados por su animales. Propiedad Personal cobertura con gastos para reemplazar cubriendo su artículos personales. rticulos personales no están cubiertos bajo la poliza principal de la associación a dueños de unidades (por ejemplo: muebles y ropa). Pérdida de Uso la compañia pagará los gastos adicionales de hospedaje si su unidad se encuentra inservible por causa de un reclamo cubierto bajo la poliza personal (por ejemplo, esto puede cubrir hospedaje, comida, y utilidades despues de un incendio). Covertura para propiedad de edificio que le pertenece al dueño Puede cubrir cuando la poliza de la asociación no incluye daños mejoraci del dueño como techos, pizos, paredes, pintura, y gabinetes. Cobertura puede pagar un reclamo individual contra la póliza principal de la asociación. Pérdidas por asesoría pagará la porción que le pertenece al dueño de la unidad por causa de asesoría contra todos los dueños de unidades causados por un reclamo donde los gastos exceden los limites de la póliza principal de la asociación. Cubres de terromoto usted puede obtener una poliza addicional para cubrir sus efectos personales en caso de terremoto por medio del California Earthquake uthority La Umbrella Personal de Obligación proporciona obligación adicional encima de los límites fundamentales de su obligación personal. Dónde disponible, la covertura puede extender para Evaluaciones de Pérdida más de Cada sociación de Unidades y sus respectivas polizas principales tienen varias exclusions con respecto a la covertura de su inversión en bienes raices. Unas de las exclusiones más comunes son las mejorias a sú unidad, propiedad personal y daños a terceros. tentamente, Claudia Ortega, gente Bilingüe Michael bdou Insurance gency, Inc. Los miembros de Farmers Concilio Presidental es un grupo selecto de agentes y representantes regionales. Que demuestran conocimiento practico en proporcionar seguro al público norteamericano.