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HomeMy WebLinkAboutSTANDARD PACIFIC CORP - INSURANCE CERTIFICATEOA NIVI ACORD,M EVIDENCE OF COMMERCIAL PROPERTY INSURANCE 012(MMIDD08Y) THIS IS EVIDENCE THAT INSURANCE AS IDENTIFIED BELOW HAS BEEN ISSUED, IS IN FORCE, AND CONVEYS ALL THE RIGHTS AND PRIVILEGES AFFORDED UNDER THE POLICY. PRODUCER NAME, CONTACT I PHONE PERSON AND ADDRESS AIC No Exl : COMPANY NAME AND ADDRESS NAIC NO: FAX Lmnlivl Lloyds of London ADDRESS: D.L.D. Insurance Brokers, Inc. Lic#OD25325 17712 Mitchell North Irvine, CA 92614 IF MULTIPLE COMPANIES, COMPLETE SEPARATE FORM FOR EACH CODE: SUB CODE: AGENCY STAN_PAC-1 ID #D �CUSTEOMESR N Standard Paci c Core DRESS LOAN NUMBER POLICY NUMBER 15326 Alton Pkwy P081361 IYYID¢, CA 92618 EFFECTIVE DATE EXPIRATION DATE 12/15/2008 12/15/2009 CONTINUED UNTIL TERMINATED IF CHECKED ADDITIONAL NAMED INSURED($) THIS REPLACES PRIOR EVIDENCEil DATED: nV G,x, 1 IIYr VRry1N11 an, tuse auuinofial streets it more space is re Ulred LOCATION/DESCRIPTION LOG # Other Bldg # rrl\/PriAnC InICnOM nTIn AI COMMERCIAL PROPERTY COVERAGE AMOUNT OF INSURANCE: $ 5,000,000 DED: 100,000 YES NO BUSINESS INCOME / RENTAL VALUE X If YES, LIMIT: X I Actual Loss Sustained # of months: 12 BLANKET COVERAGE X If YES, indicate amount of insurance on properties identified above: $ TERRORISM COVERAGE X Attach signed Disclosure Notice / DEC IS COVERAGE PROVIDED FOR "CERTIFIED ACTS" ONLY? X if YES, SUB LIMIT: DED: IS COVERAGE A STAND ALONE POLICY? X If YES, LIMIT: DED: DOES COVERAGE INCLUDE DOMESTIC TERRORISM? X If YES, SUB LIMIT: DED: COVERAGE FOR MOLD X If YES, LIMIT: DED: MOLD EXCLUSION (if "YES", specify organization's form used) X REPLACEMENT COST X AGREEDAMOUNT X COINSURANCE X If YES, % EQUIPMENT BREAKDOWN (If ,Applicable) X If YES, LIMIT: DED: LAW AND ORDINANCE - Coverage for loss to undamaged portion of building X If YES, LIMIT: 5,000,000 DED: 100,000 - Demolition Costs X If YES, LIMIT: 5,000,000 DED: 100,000 - Incr. Cost of Construction X If YES, LIMIT: 5,000,000 DED: 100,000 EARTHQUAKE (If Applicable) X If YES, LIMIT: 5,000,000 DED: 100,000 FLOOD (If Applicable) X If YES, LIMIT: 5,000,000 DED: 100,000 WIND/ HAIL (if Separate Policy) X If YES, LIMIT: 5,000,000 DED: 100,000 PERMISSION TO WAIVE SUBROGATION PRIOR TO LOSS X .._.... ....._ .............y ..r....... .,.......... na, ... n um,e space ,s requ,rea) See attached remarks page. CANCELLATION THE POLICY IS SUBJECT TO THE PREMIUMS, FORMS, AND RULES IN EFFECT FOR EACH POLICY PERIOD. SHOULD THE POLICY BE TERMINATED, THE COMPANY WILL GIVE THE ADDITIONAL INTEREST IDENTIFIED BELOWL--aO_DAYS WRITTEN NOTICE, AND WILL SEND NOTIFICATION OF ANY CHANGES TO THE POLICY THAT WOULD AFFECT THAT INTEREST, IN ACCORDANCE WITH THE POLICY PROVISIONS OR AS REQUIRED BY LAW, NAME AND ADDRESS City of Fort Collins 300 LaPorte Ave. Fort Collins, CO 80526- SERVICING MORTGAGEE ACORD 28 (2003110) © ACORD CORPORATION 211113 REMARKS STAN PAC-1 SANM PAGE OF1 Excess Property- Essex Ins. Co. Policy# ESPW5334, $5M XS $5M; Westchester/Ace Policy# IMC120860479002, $10M XS $10M, $5M XS $10M Soft Cost; Lloyd's Policy# P071362, $12.5M XS $20M including Wind; Lloyd's Policy# P081889: $27.675M, Aspen Policy# PRA4VWQ08AOY: $25M, Homeland Policy# YSP1701: $14.825M, $67.5M XS $32.5M, $10M XS $32.5M Wind; POLICY NUMBER P081361 COMMERCIAL PROPERTY THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. LOSS PAYABLE PROVISIONS This endorsement modifies insurance provided under the following: BUILDING AND PERSONAL PROPERTY COVERAGE FORM BUILDER'S RISK COVERAGE FORM CONDOMINIUM ASSOCIATION COVERAGE FORM CONDOMINIUM COMMERCIAL UNIT -OWNERS COVERAGE FORM STANDARD PROPERTY POLICY SCHEDULE Provisions Applicable Prem Bldg Description Loss Payee Loss No. No. Of Property [Name & Payable Address City of Fort Collins 300 LaPorte Ave. Fort Collins, CO 80526- Loan# A. When this endorsement is attached to the STANDARD PROPERTY POLICY CP0099 the term Coverage Part in this endorsement is re -placed by Policy. The following is added to the LOSS PAYMENT Loss Condition, as indicated in the Declarations or by an "X" in the Schedule: Lender's Contract Loss Payable Of Sale X B. LOSS PAYABLE For Covered Property in which both you and a Loss Payee shown in the Schedule or in the term Declarations have an insurable interest, we will: 1. Adjust losses with you; and 2. Pay any claim for loss or damage jointly to You and the Loss Payee, as interests may appear. C. LENDER'S LOSS PAYABLE 1. The Loss Payee shown in the Schedule or in the Declarations is a creditor (including a mortgageholder or trustee) with whom you have entered a contract for the sale of Covered Property, whose interest in that Covered Property is established by such Written contracts as: a. Warehouse receipts; b. A contract for deed; c. Bills of Lading; or d. Financing statements. 2. For Covered Property in which both you and a Loss Payee have an insurable inter- est: a. We will pay for covered loss or damage to each Loss Payee in their order of Precedence, as interests may appear. b. The Loss Payee has the right to receive loss payment even if the Loss Payee has started foreclosure or similar action on the Covered Property. c. If we deny your claim because of your acts or because you have failed to comply with the terms of the Coverage Part, the Loss Payee will still have the right to receive loss payment if the Loss Payee: [1] Pays any premium due under this Coverage Part at our request if you have failed to do so: [2] Submits a signed, sworn proof of loss within 60 days after receiving notice from us of your failure to do so; and [3] Has notified us of any change in ownership, occupancy orsubstan- tial change in risk known to the Loss Payee. All of the terms of this coverage Part will then apply directly to the Loss Payee. d. If we pay the Loss Payee for any loss or damage and deny payment to you because of your acts or because you have failed to comply with the terms of this Coverage Part. [1) The Loss Payee's rights will be transferred to us to the extent of the amount we pay; and [2] The Loss Payee's rights to recover the full amount of the Loss Payee's claim will not be impaired. At our option, we may pay to the Loss Payee the whole principal on the debt plus any accrued interest. In this event, you will pay your re- maining debt to us. 3. If we cancel this policy, we will give writ- ten notice to the Loss Payee at least: a. 10 days before the effective date of cancellation if we cancel for your non - Payment of premium; or b. 30 days before the effective date of cancellation if we cancel for any other reason. 4. If we do not renew this policy, we will give written notice to the Loss Payee at least 10 days before the expiration date of this policy. D. CONTRACT OF SALE 1. The Loss Payee shown in the Schedule or in the Declarations is a person or organi- zation you have entered a contract with for the sale of Covered Property. 2. For Covered Property in which both you and the Loss Payee have an insurable in- terest we will: a. Adjust losses with you; and b. Pay any claim for loss or damage jointly to you and the Loss payee, as interests may appear. 3. The following is added to the OTHER IN- SURANCE Condition: For Covered Property that is the subject of a contract of sale, the word "you" includes the Loss Payee.