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Item T06
BOARD OF COUNTY COMMISSIONERS COUNTY of MONROE Mayor Michelle Lincoln,District 2 The Florida. Keys Mayor Pro Tem David Rice,District 4 p Craig Cates,District 1 James K. Scholl,District 3 Holly Merrill Raschein,District 5 Regular Meeting April 15, 2026 Agenda Item Number: T6 26-0772 BULK ITEM: No DEPARTMENT: Risk Management TIME APPROXIMATE: N/A. STAFF CONTACT: Gaelan Jones AGENDA ITEM WORDING: Approval to Renew Monroe County's Property Program Insurance policy for 2026-2027 at a total cost not to exceed $3,250,000. ITEM BACKGROUND: Monroe County's property insurance coverage expires May 1, 2026. This item seeks to renew coverage for 2026-2027 at a total cost not to exceed$3,250,000. An option to increase windstorm coverage limits is also presented at a total not to exceed cost of$3,800,000.00. Should BOCC direct Risk Management to renew property insurance with higher windstorm limits, a budget amendment will be required. The current insurance program is comprised of a primary Blanket Policy ($50M limit segregated into 3 layers of coverage - $5M Windstorm; $5M Excluding Windstorm & Flood; and $40M Excluding Windstorm, Flood, Earthquake). Starting in the 2026-27 policy year, Key West and Marathon Airport properties have been broken out into a separate subpolicy carrying an independent$5M windstorm limit. Additionally, a Parametric Policy provides supplemental windstorm coverage up to $5M, with policy limits determined by the geographic path and strength of the windstorm event. Supplemental windstorm coverage with a substantially lower deductible is maintained through Citizens on some certain eligible buildings, the cost of which is approved by BOCC on a separate item. The Blanket and Parametric policies provide replacement cost value coverage for County buildings, contents, and specified tangible property such as communications towers and portable equipment. The Total Insured Value (TIV) for 2026-27 is $416,912,585, a 30.34% increase from the 2025-26 TIV of $319,865,653. PREVIOUS RELEVANT BOCC ACTION: April 16, 2025, BOCC approved to renew Property & Boiler& Machinery Insurance policies. INSURANCE REQUIRED: No. CONTRACT/AGREEMENT CHANGES: N/A. STAFF RECOMMENDATION: Approval of Property Insurance Renewal at Current Policy Limits DOCUMENTATION: Proposed Renewal Program Structure 2026-27 FINANCIAL IMPACT: Effective Date: 5/1/2026 Expiration Date: 5/1/2057 Total Dollar Value of Contract: Not to exceed$3,250,000. Total Cost to County: Not to exceed $3,250,000. Current Year Portion: Not to exceed$3,250,000. Budgeted: Yes. Source of Funds: SC 00054 CC 08502. CPI: N/A Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing: No If yes, amount: Grant: N/A County Match: N/A Insurance Required: No , �„� /����� �� � ��%%. ��o '° `� � ��' '°�/ �, t �� �, / i � ,, /, /, +.,�, ' � /, i �1 %� % � r � ��� � ,,ry�;,�/////� n, , � � � ��r // ,i ,i /�j �, ,:;,�„ • • � � • • � � � • � - � � Uj Cn 0) E U C: E U CO N co 0 M _ N a) to W > O N U U L O O Q X E to (a d U O Q N • ► 1 • 1 4-0 ► •1 •6 1 1 1 ► • 1 • 0 .0 C: • ► • ► ► 1 • • 1 1 1 ► . ► 1 ► • • ► •• •6 cn • 1 • 1 1 1 1 • 1 1 ► 75 • • 1 • • 1 (D LO • • co • o IN • • • t "^ a eGw [ WIL E d: g$,.0 co E 0) (D � �w CL � w -Dap ca OCD C) CD E mCD o CD 0CD aN _ CD o Q eeCD OD ce) ay o n „ m � a » Lc) pp o a O N ' - � O � U U N UL N Y p O L>' E U co o L m > c U cu o 0 o 06 E U a) a) L n U � }' L to ry a) >O Ocn Q U1 L L O C: C: Z3 N Q .� � O � a) � cn L U > Q E C E - (a O j O �' L m 0, O (6 co O L O V E co N 0 � Co (� W � C (6 C c6 °6 0 (D ~ L- .- U -0 0 a) 0 a 0 a) C: W co \0 "o 1 a) U cn m m M W o v a� o m 2 -0 O a) ca a) - > > Q W c� Q a� 53 L V L w a Z ° — — O Q L cn Q w > > J > > > a 2t t� O Q Q U 00 U x W c Q :t U @ u) _ L _ t ( Q G ' a U v V U m mO O N� 2 4. 70 O CuV II �ullIl a) c CO U O Q O 0 c p 11 m �• •O C) a) r 0) _O -� CL O O) M m � I II O O U O > ' N •' 0 E 2 �I a > a) M � � � 0 � � � > U NO a� � F c w � � ° Z3 ° = � - x E O O E c ', 0 cn aiw o o � � � � 3 U 'U � o 0) -06 � mx CL (aU c Wa1 OU 0. 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Hancock; Liz Yongue; InternalAudit; Agenda Item Review Team; MGT; Francis-Lourdes; Gongre- Mark; Maddox-Natalie; Moeller-Mary; Moore-Deborah; Proffitt-Maureen; Tamborski- Cheri; Tolpin-Devin; Wilson-Kevin; Liz Yongue; Gastesi-Roman; Liz Yongue; Senior Management Team and Aides Cc: Shillinger-Bob; Williams-Jethon; Cioffari-Cheryl; Livengood-Kristen; Rubio-Suzanne; Pam Radloff; County-Attorney; Allen-John; Danise Henriquez; Hurley-Christine; Rosch- Mark; Gambuzza-Dina; Beyers-John; InternalAudit; Kevin Madok; Valcheva-Svilena; Powell-Barbara; Guerra-Cynthia; Brynn Morey Subject: Item T6 BOCC 04/15/2026 REVISED ITEM TITLE & BACKUP Attachments: Enhanced Staff Report (gpj redline).docx; Monroe County - 2026 Insurance Renewal Summary.pdf, 2026-28 Schedule of Values - Airport Subpolicy.xlsm; 2026 Monroe County Property Proposal Workbook as of 4.10.2026 Version 3.xlsm Good morning, Please be advised that the item title and backup for the T6 agenda item have been revised. "Approval to Renew Monroe County's Property Program Insurance policy for 2026-2027 at a total cost not to exceed $3,140,304.00" Thanle �,-,rrystaC crontez Executive Administrative Coordinator Monroe County Administrator's Office 1100 Simonton Street, Suite 2-205 Key West, FL 33040 Office: 305-292-4441 Cell: 305-850-8694 Courier Stop 41 Notary Public �y ------_-rv_� PLEASE NOTE: FLORIDA HAS A VERY BROAD RECORDS LAW. MOST WRITTEN COMMUNICATIONS TO OR FROM THE COUNTY REGARDING COUNTY BUSINESS ARE PUBLIC RECORDS AVAILABLE TO THE PUBLIC AND MEDIA UPON REQUEST. YOUR EMAIL COMMUNICATION MAY BE SUBJECT TO PUBLIC DISCLOSURE. 1 COUNTY�7 Or MOI�TROE BOARD OF COUNTY COMMISSIONERS V 1\ 1 1V 't Mayor Michelle Lincoln,District The Florida Keys Mayor Pro Tem David Rice,District 4 Craig Cates,District 1 James K.Scholl,District 3 Holly Merrill Raschein,District 5 Regular Meeting April 15,2026 Agenda Item Number: {{section.number}}{{item.number}} 26-0772 BULK ITEM:No DEPARTMENT:Risk Management TIME APPROXIMATE:N/A. STAFF CONTACT:Gaelan Jones AGENDA ITEM WORDING: Approval to Renew Monroe County's Property Program Insurance policy for 2026-2027 at a total cost not to exceed$3 250 00():S3.,.;40,.3(y�.,.(yty ITEM BACKGROUND:"l`lie l3laiike�anidl gIan annne(nnc 0oh6es 0g+nvndle nepi acennneilA Cost vahn e coven age f,)� ('a,mniIy ayn6khil0s,caniIMI S,aildl specnfiedl frt open dy swh as colt nmm ilicafioii.s (a>nweIS ¢nndfl 1r�nd able eu.6frnrnen.p,)„.._Monroe County's.c.n np,tr...property insurance coverage expires May 1, 2026.This item seeks to renew coverage for 2026-2027 at a total cost not to exceed $3,40,300,0.03 50 000.An option to increase windstorm coverage limits_han]S-5M(+n°O.M.—is also presented at a total not to exceed cost of$3,tk00,000 00,3,679 1929,,.00.Should BOCC direct Risk Management to renew property insurance with higher windstorm limits,a budget amendment will be required. The current insurance program is comprised of a primary Blanket Policy($50M limit segregated into 3 layers of coverage-$SM Windstorm;$5M Excluding Windstorm&Flood;and$40M Excluding Windstorm,Flood,Earthquake) Bin e.prnn i.g�f2, nh (nen nnnunnn S2,970,500,00 fin ¢f a>ua�o(y� ld8.e ....... ......... fan(A hisiunedl V hl e("11V)aril'`33l9,865 653 The'HV fon Elie 2026-27 pohcy yeah will be `4O 9,688,448,,448,a 30 34%nnncnease fiom Elie 2025 2611V The nnncnease V ns d8nlvenn 0nnnnnannly by (lie nilA u onn_of an adl(hfi+ilA `31 OOM of nnisn edlahl e fon (lie n eniovaMl(e mn iiA an K ey TVs(An pon t Starting in the 2026-27 policy year,Key West and Marathon Airport properties have been broken out into a separate subpolicy carrying an independent$5M windstorm limit Agrp j ��.�.(l 0 ny...... u_egll.....g m f`sT P�,0P�0�0,wlinc�ns nniclnuledl nni(li_e(+n(sul c�sd+nf(floe n(ennn.Additionally,a Parametric Policy provides supplemental windstorm coverage up to$5M,with policy limits determined by the geographic path and strength of the windstorm event.Supplemental windstorm coverage with a substantially lower deductible is maintained through Citizens on some certain eligible buildings,the cost of which is approved by BOCC on a separate item. The...41p,aaal4 and Prcna netr.�e Kt 4-aeeme e+,)4v4ue eoveFage 4 ru:4€ua# and J� a fr4ed pan,041e p7rr A��,ua h ays 44,)AWF.s and ei#u paW14 The & 4aap Vakw(44V 1,�I...2026-27..p..,,d p4�..0.42,r :>,a ine euase...€s+)aaa S3 19,1111,65,653 Formatted:Space After: 0.65 pt,Line spacing: PREVIOUS RELEVANT BOCC ACTION:April 16,2025,BOCC approved to renew Property& Multiple 1.04 li Boiler&Machinery Insurance policies. INSURANCE REQUIRED:No. CONTRACT/AGREEMENT CHANGES:N/A. STAFF RECOMMENDATION:Approval of Property Insurance Renewal at Current Policy Limits DOCUMENTATION: Proposed Renewal Program Structure 2026-27 FINANCIAL IMPACT: Effective Date:5/1/2026 Expiration Date:5/1/20572027 Total Dollar Value of Contract:Not to exceed $ ,14.2,,(2.4 0dll4,"25(11,D . Total Cost to County:Not to exceed$3,250,000, 71j10,�04 00. Current Year Portion:Not to exceed$3,250,0003. 714.2.,130�1 0.2 Budgeted:Yes. Source of Funds: SC 00054 CC 08502. CPI:N/A Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing:No If yes,amount: Grant:N/A County Match:N/A Insurance Required:No "� p71f lru q W wo � t�4 cz i rwm 4-4 s✓ vV ' 0 000 bJD i--i N L O 00 O N M W) 1` W)04 a � O M U EA Q M N N N C) >_ Q N O p 00 > O H U O O p Q U Q- FD F =3 i 70 CU LL O O O (B N U cu I N _ Q .� U s- N U fn (B �_ 0) W cn co 1: E co O CD m CO O 0) � (a rn N LL C: 1 p (a (n I > _0 � EZ ° O � cn � U cn CD U CD W. N i - ~ 1 O (n CD ?j � ^ O U O � 0 E 6} OLO 2 QCD fn co n cn N o w o f C o W. c� O _ L 1 •a) E u Q 0) E z I c (D Y cU � O -0 o o O c6 o � C>U O � 17 a- > o N = N 0 0 � N 0 — cv ^ � I a �, I >' U N C: a) N yam► Q 70 E U .U Q N N N E 0 C � = j I Q 0 0 O N U Q U (� >ca,)) (6 Q = 0 I N O U (n cn U nN c �N �o c: O O TQ B co Z Q � U > N 6,3- LU 613- Q of I a � m m O - N 00 \ U a • O m CO O 70 IL co 0 E �L 0 y� O y Q 00 cS L N a� p 0O o o O N E "- 00 N � N � co c cfl � M � ti � co co O cM N_ . 00 N M (D It M 00 N � o 60- 60- 00 N co a) o 09- 09- 0 00 � N O 00 -2 M o _ \ \ o vi H LO M CO � 0 N • L 00 co M YO M N -0 tb tb L 07 07 - L Q p CIO � c •,"� cu LO 7 CD O O � o V co Lci �? V- r` 00 L- � 00 O 00 co I � o ti O It r coN O O O E z3 60- 60- it — cfl cfl c'M rn Cr M 00 (DcOn cOn N I O 09- 09- 09- asL L 0 c � • cn_ / EZ cu E • G a- CU O o o � 0 OL Q L L > i--I O O �_ _ - Q Q FO (D _ Em a Z a � Q � > z N N C Q � N - � Q Q � O O � � N � O O CQ � C ; O .- U � �0 NO Qj U Q � O N N -O O � U (6 N O) O O Y � i O O C Q O � N � -0 -0 N (6 N � i O N 7 Monroe County Board of County Commissioners Real and Personal Property Statement of Values as of May 1,2016 Policy Term:May 1,2016 to May 1,2017 ATTACHMENT D: Monroe Countv,Florida Property Statement of Values Zip Sq. Number of Square Foundation Roof Roof Condition Impact Windows Site Description Building Description Street Address city Code Footage Gross SQ FT Building Value Contents Value PITO Value Total Insured Value Construction Description ISO Class Year Built Stories Footage Flood Zone Type Replacement Roof Construction Shape of roof Type of Roof Covering (Appraisal Aug Doors Sprinkler System Fire Alarm Basement Building Maintenance Flood Policy Purchased? O&M Wind O&M Flood 20241 AIRPORT,KEY WEST NEW AIRPORT TERMINAL 3491 SOUTH ROOSEVELT BLVD. KEY WEST 33040 49000 $100.000.000 $1.500.000 $0 $101.500.000 2025 2 49000 AIRPORT,KEY WEST TERMINAL/BAGGAGE HANDLING BUILDING 3491 SOUTH ROOSEVELT BLVD. KEY WEST 33040 10810 Reinforced Concrete 6 2009 2 10,581 2009 BUILT UP SMOOTH Sprinkler System Serving Entire Alarm System Serving Entire $2,215,000 $200,000 $0 $2,415,000 VE Mat/Slab 4-Flat 4-Built Up Averaqe Gross Floor Area Gross Floor Area 2-No Basement 1-Maint Enforced AIRPORT,KEY WEST PARKING GARAGE/TERMINAL PLATFORM 3471 SOUTH ROOSEVELT BLVD. KEY WEST 33040 156851 Reinforced Concrete 6 2009 2 156,851 2007 NONE Sprinkler System Serving Entire Alarm System Serving Entire $8,814,667 $1,200,000 $0 $10,014,667 VE Mat/Slab Averaqe Gross Floor Area Gross Floor Area 2-No Basement 1-Maint Enforced AIRPORT,KEY WEST ADAM ARNOLD ANNEX/CUSTOMS 3491 SOUTH ROOSEVELT BLVD. KEY WEST 33040 13335 Load Bearing Walls 4 1998 1 13,335 1998 BUILT UP SMOOTH Sprinkler System Serving Entire Alarm System Serving Entire $1,984,920 $349,910 $0 $2,334,830 VE Mat/Slab 4-Flat 4-Built Up Averaqe Gross Floor Area Gross Floor Area 2-No Basement 1-Maint Enforced AIRPORT.KEY WEST FACILITIES MAINTENANCE OFFICE BUILDING 3583 SOUTH ROOSEVELT BLVD. KEY WEST 33040 1 1032 1 $103,623 $40,000 $8,364 $151,987 Wood Frame 1 1 1990 1 1,032 1 VE Mat/Slab 2008 ASPHALT SHINGLES 5-Gable Low Pitch 5-Comp Shinqle(55 mph) Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT.KEY WEST FLEET MAINTENANCE GARAGE 3583 SOUTH ROOSEVELT BLVD. KEY WEST 33040 2297 $298,257 $90,000 $0 $388,257 Load Bearinq Walls 4 1984 1 2,297 VE Mat/Slab 2009 BUILT UP SMOOTH 4-Flat 4-Built Up Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT.KEY WEST FLEET MAINTENANCE OFFICE 3583 SOUTH ROOSEVELT BLVD. KEY WEST 33040 534 $54,038 $20,000 $0 $74,038 Load Bearinq Walls 4 1984 1 534 VE Mat/Slab 2005 BUILT UP SMOOTH 4-Flat 4-Built Up Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT.KEY WEST FUEL ISLAND/PUMPS 3583 SOUTH ROOSEVELT BLVD. KEY WEST 33040 220 $21,145 $0 $0 $21,145 Pre-Enqineered Steel 3 1999 1 220 VE Mat/Slab METAL 4-Flat 2-Metal Sheathinq Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT.KEY WEST CARPENTRY SHOP 3583 SOUTH ROOSEVELT BLVD. KEY WEST 33040 800 $47,978 $12,650 $0 $60,628 Wood Frame 1 1990 1 800 VE Mat/Slab 1990 ASPHALT SHINGLES 5-Gable Low Pitch 5-Comp Shinqle(55 mph) Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT.KEY WEST STORAGE SHED 3583 SOUTH ROOSEVELT BLVD. KEY WEST 33040 119 $5,812 $880 $0 $6,692 Wood Frame 1 1995 1 119 VE Mat/Slab BUILT UP SMOOTH 4-Flat 4-Built Up Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT.KEY WEST SHELTER(OLD FUEL ISLAND) 3583 SOUTH ROOSEVELT BLVD. KEY WEST 33040 456 $13,726 $0 $0 $13,726 Load Bearinq Walls 4 1984 1 456 VE Post&Pier BUILT UP SMOOTH 4-Flat 4-Built Up Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT,KEY WEST GREYHOUND BUS STATION(Tax Collectors Offc i DIVIV) 3491(3493)SOUTH ROOSEVELT BLVD. KEY WEST -- 1592 $341,290 $0 $5,814 $347,104 Joisted Masonry I 1968 1 2,592 v Mat/Slab 2005 ASPHALT SHINGLES 6-Gable Med Pitch 5-Comp Shinqle(55 mph) Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT.MARATHON T HANGAR#1 8000 OVERSEAS HIGHWAY MARATHON 33050 1 9700 $772,950 $0 $0 $772,950 Pre Enqineered Metal 3 2002 1 9,700 Mat/Slab 2002 METAL 5-Gable Low Pitch Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement AIRPORT.MARATHON T HANGAR#2 8000 OVERSEAS HIGHWAY MARATHON 33050 9700 $772,950 $0 $0 $772,950 Pre Enqineered Metal 3 2002 1 9,700 Mat/Slab 2002 METAL 5-Gable Low Pitch Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement AIRPORT.MARATHON T HANGAR#3 8000 OVERSEAS HIGHWAY MARATHON 33050 9700 $772,950 $0 $0 $772,950 Pre Enqineered Metal 3 2002 1 9,700 Mat/Slab 2002 METAL 5-Gable Low Pitch Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement AIRPORT.MARATHON T HANGAR#4 8000 OVERSEAS HIGHWAY MARATHON 33050 11799 $911,289 $0 $0 $911,289 Pre Enqineered Metal 3 2002 1 11,799 Mat/Slab 2002 METAL 5-Gable Low Pitch Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement AIRPORT,MARATHON MARATHON AIRPORT TERMINAL 9480 OVERSEAS HIGHWAY MARATHON 33050 19000 Load Bearing Walls 4 1995 2 19,000 1995 METAL Sprinkler System Serving Entire Alarm System Serving Entire $5,820,000 $307,230 $663,510 $6,790,740 AE Mat/Slab 2-Hip/Combination 2-Metal Sheathinq Averaqe Gross Floor Area Gross Floor Area 2-No Basement 1-Maint Enforced NFIP Purchased AIRPORT.MARATHON GENERATOR/ELECTRICAL VAULT(FIELD) 9480 OVERSEAS HIGHWAY MARATHON 33050 529 $32,892 $453,640 $0 $486,532 Joisted Masonry 2 2007 2 529 AE Post&Pier METAL 2-Hip/Combination 2-Metal Sheathinq Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT,MARATHON HVAC/GENERATOR BUILDING(TERMINAL) 9480 OVERSEAS HIGHWAY MARATHON 33050 400 Joisted Masonry 2 1995 2 400 METAL Alarm System Serving%of $24,731 $396,990 $0 $421,721 AE Mat/Slab 2-Metal Sheathinq Averaqe No Sprinkler Svstem Gross Floor Area 2-No Basement 1-Maint Enforced AIRPORT.MARATHON CARGO TERMINAL 9480 OVERSEAS HIGHWAY MARATHON 33050 1960 $195,747 $0 $0 $195,747 Joisted Masonry 2 1964 1 1,960 AE Mat/Slab 1998 METAL 5-Gable Low Pitch 2-Metal Sheathinq Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced AIRPORT.MARATHON HANGAR.ANTIQUE AIR 506 106TH ST.GULF MARATHON 33050 13260 $1,385,516 $0 $0 $1,385,516 Pre-Enqineered Steel 3 1990 1 13,260 AE Mat/Slab METAL 5-Gable Low Pitch 2-Metal Sheathinq Averaqe No Sprinkler Svstem No Fire Alarm Svstem 2-No Basement 1-Maint Enforced Replacement Value of EMAS $11,900,000 TOTAL OF VALUES UNDER SEPARATE NWS LIMIT $141.738.469 Monroe County Board of County Commissioners EMAS Statement of Values M 1 &HV M y1, 2017 AYTA ANY C: Monroe County, Florida Emergency Materials Arresting Systems Located at Key West International Airport Value of Original EMAS $472587000 Value of New EMAS 372177733 Total Value of EMAS $774757733 Replacement Value of EMAS 1179007000 Named Insured: Monroe County Board of County Commissioners and Its Elected Officials D.ae checked,waff�mg.m uw c.mmemts Effective Dates: May 1,2026-May 1,2027 illillilillillommimayNew Market New Market New Market pu.m Ghecketl,waking on UW comments smimkk Old-- waking on UW comments AWAC AIG WRB Carrier Pa... Various Various Landmark American Insruance Comoanv W.-h-t.,S.r.l.s Lines Insurance Comoanv M[.Hawlev Insurance Comoanv Allied World Assuance Comoanv AIG SPECIALTY INSURANCE COMPANY Indian Harbor Insurance Comoanv Nautilus Insurance Comoanv Llovtl's of London Monroe County Boartl of County Commissioners antl Monroe County Boartl of County Commissioners antl Its Elected Nametllnsuretl selected officials Monroe County Boartl of County Commissioners antl its elected officials Officials Monroe County Boartl of County Commissioners Monroe County Boartl Of County Commissioners Monroe County Boartl of County Commisioners Monroe County Boartl of County Commissioners Monroe County Boartl of County Commisioners Monroe County Boartl of County Commisioners Monroe County Boartl of County Commissioners Kev West FL Policy F.d. Marsh F.- Marsh F.- RSUI Excess Physical Damage F.h-h 2o22 Edit.m(Per Primary Policy) Maah form Marsh F.- Marsh F.- Marsh F.- Marsh F.- Marsh F.- Marsh F.- Coverage Territory 5D smtes comprising the United States.fAmedca,the 5D smtes comprising the Unietl Smtes.fAmedca,the District of Columbia antl Per Specs Per Specs Per Specs United States of America Including the District of Columbia The United States of America United States of America Including the District of Columbia United States of Amedck IncludIng the Dishict.f Columbia The United States of America Dlsmct.f th U,,t,and Canada. Canada. TIV $819.865653 $419.688 498 $419 fi88 448 $419 fi88 448 $419 fi88 448 $419 fi88 448 $419 fi88 448 $419 fi88 448 $419 fi88 448 $419 fi88 448 Mini mum Earned Premium Various Various 25.00% 25%(subject[.a Humicame Minimum,applies to camcellat.m only) 35%(100%if effect more e for 5o or days during period May l5 35%(subjectt.aHum mum cane Mini ,applies[ e cancellaton reu.h Nwemeder 3d) .min 25.DD% 35.DD% 35.DD% 25.DD% h $w.ogD.ogD $w.ogD.ogD $DD.DDD.DDD $DD.DDD.DDD $DD.DDD.DDD $DD.DDD.DDD $DD.DDD.DDD($s$M s.blimit for Conse..ential L—I $DD.DDD.DDD $DD.DDD.DDD $DD.DDD.DDD All Other Earth...K.INon-critical) %,NtI.600 $5.8D,— Excluded Per Specs Per Specs Per Specs Per Specs Per Specs Excluded Per Specs Earthquake Definit.m Earthquake is defiled ask shakimg.r trembling of the earth E11hq11ke is defined as a shaking or trembling of the earth that is tectonic In origin Excluded Per Specs Per Specs Per Specs Per Specs Per Specs Excluded Per Specs hat Is tectonic In origin All Other Flood INon-Critical) $5.8D,— $5.8DD.— Excluded Per Specs $1 258DDD sublimitmr Flood Per Specs Per Specs Per Specs Excluded Per Specs Special Fl..d Hk,k d area(SFHA)F- $5.—,— $5.—,— Excluded Per specs $1 258DDD sublimit for SFHA Fl..d Per specs Per specs Per specs Excluded Per specs FI..dDI t,.m FI..d is defined ks kdsmg kndll tl1.—.fab.dy.f FI..d is defined ks k dsimg and ovehllwldng.f k b.dy.fwater.nm n.nnkl y dry Excluded Per specs Per specs Per specs Per specs Per specs Excluded Per specs P.11-nt Cl—..Expense d$18DD8DOD $18DD8DDD Per specs Perspecs Excluded via endorsement —Is End-agreed t.$25M sublimit Per specs Per specs Per specs Per specs Per At.Ment except $5-DDBDDD $58DD8DDD Perspecs Per specs Per specs Perspecs Perspecs Perspecs Perspecs Per specs Ed,Acci—ks aspects Enedl-Expenses $1 og8DDD $1 o.... Perspecs Per specs Per specs Perspecs Perspecs Perspecs Perspecs Per specs Peracndent as respects IT Ilddus Subsbnces $1 og8DDD $1 og8DDD Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Per specs EdAcctem[ks respects Pedshame G..ds/smiw. $l 000-000 $l 000--DDD Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Per specs Per Accident ks respects EDPlncludmg Dam $1.DDD.DDD $1.DDD.DDD Per specs Per specs Per specs Per specs Per specs Per specs Per specs Per specs Reseat.m Peracndentas inspects G.ntngen[Business Income $1 og8DDD $1 og8DDD Per specs Per specs Per specs Per specs Per specs Per specs Per specs Per specs PerAccidemt ks respects Dem.Ilt.Nmcreased Gst.f $1.DDD.DDD $1.DDD.DDD Per specs Per specs Per specs Per specs Per specs Per specs Per specs Per specs 1—th"t.n Peracndent as inspects Newl'AgIld IT,Lat.ms $1 og8DDD $1 og8DDD Per specs Per specs Per specs Perspecs Perspecs Ed,specs Perspecs Ed,specs PerAccmemtas respects ser"ce Inem,.t.m $l 000--DDD $l 000--DDD Perspecs Per specs Per specs Perspecs Perspecs Perspecs Perspecs Perspecs Per Accident ks respects--k Expense $1 ogBDDD $1 ogBDDD Per specs Per specs Per specs Per specs Per specs Per specs Per specs Per specs c.ntht—tB.smessmterr.p[i.n antl Contingent EMra $25DD.DDD $25D6DDD Perspecs Perspecs Per specs Per specs Per specs Per specs Per specs Per specs E...dt.Combined Corse of Construction $5-DDBDDD $5-DDBDDD Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Defense C.- $1 o8DDD $I dd ddd Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Debris Removal $1 DDBDDD $25o8DDD Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Demolition I Increased Cos[of Construction $18DD8DDD $1..... Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs :.h.ditin.E..ense antl E.-E.-nse Combined $5-DDBDDD $5-DDBDDD Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Ezhibi[ion.E...s tion.Fair or Trade Show $1 .... $1 DDBDDD Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Fire Bri..de Char.es&Ez[inauishin.E.-nses $1�0— $1�D8DDD Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Land antl Water Contaminant or Pollutant Clean-up, $1.DD8 DDD $25DD.DDD Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Removal.antl Disposal Land Improvements $25DD.DDD(m.t t.xc. DDD.d$1 o. per plant,tee.shrub) $25DD.DDD(m.t t.xc nt..d$1 D.DDD per pla,tee pecs.shrub) Per S Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Leasehold Interest $5-DDBDDD $5-DDBDDD Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Loss Adjustrned Expenses.ezclutlephe costs of Loss Adj-h—nt Expense Included Included Per Specs Per Specs Per Specs meys,ps2l:c-adjdsp i Per Specs Per Specs Per Specs and theiar s,bsidiades.-Agreed t.remove agree t.remove public ,Aster,bdkea..agents` M.Id1F......1'Entlorsemen[ $1�D8DDD $1�.... Per Specs Per Specs Per Specs Includes—1 End-a greed t.$1M sublimit Entl.aementlncluded but agreed t.$1 M sublimit Emd.aementlncluded butaq—d t.$1 M sublimit Per Specs Excluded via endorsement Miscellaneous Unnamed Locations $5-DDBDDD $5-DDBDDD Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Per Specs Nametl Windstorm occurring to the property located at Key West International Airport(EYW(,3471 South Roosevelt B-e-bd Key West Florida 3—Dantl WA $5,000,000($10,00o,000 Opt.n) Excluded Per Specs Per Specs Per Specs Per Specs Per Specs Excluded Per Specs Marathon Airport,94DD Overseas Highway,Marathon,FL N—d Storm U.S.Tier 1 Named Semn $5.8D,— $5.8D,—($to.6DD.600 Ob—) Excluded Per Specs Per Specs Per Specs Per Specs Per Specs Excluded Per Specs Named Windstorm shall mean the directacton ofwintl when suchwimd is associated witlh..r.ccuslm Named Wntlstonn shall mean the directacton ofwintl when suc Ld is c.njunctonwith a stone.rweathe,disWNamcewhdhis aetl wiph..r.ccua nc.njunctonwiphasern.rweaphertlisWNance tleclaredk,, Athh.st.mal Admeathd-atdn as dhe which is declared by the U.S.Nat.nal Weather Services the Nat.nal Oceanic6 N 10 8A ph Atl b g A phe-d Adm sbeinga H—dane and classfed as Category U.S.Ter l Named St.-Defnton H d f tl G ,ry1,2,34 5 .r Exdutletl Per specs Per specs Per specs Per specs Per specs Exdutletl Per specs Evenf the perl.f Named Wndstonn9 he pretl.ri pant 1.2,a.4 5[m.E If pedl.f Named Wndstonn Is the phed.nfnant case e.f physical lss.r damage,any ensuing physical .f pbyslcal I.ss.r damage,any ensuing physical I.ss.r damage not otherwise .,damage..[otherwise excluded berein shall not be edutletl he rem shall not be subject t.any'seB imits.raggregates specified In this subject[.anysumlmlts.,agghegates spedted In th s case e. cause B U.S.Teri Nametl Serm:Serm S.me Included' Yes Yes Per specs Perspecs Per specs Perspecs Per specs Per specs Per specs Newry At-red P...em $5.DDD-DDD $5-DDD-DDD Per specs Per specs Per specs Per specs Per specs Per specs Per specs Per specs atte, greed Preperry hm.[rep.rced,c.veage ends 9Ddays 91days Perspecs Perspecs Perspecs Perspecs Pe,specs Perspecs Perspecs Perspecs my S. Ratlioaaroe contammagon $loon--DDD $loon--DDD Perspecs Excwdedviaemd.aememt Excwdedviaemd.aememt Perspecs End.reementlnel.ded b.ta.reedm$1M s.mlmh Excluded via Emd.aememt Excwdedvia Emd.aememt Excwdedvia End— R.valres $too--DDD $too--DDD Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Tdt aria Labor $1 000--DDD $1 000--DDD Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Transit $S.DDD-DDD $5-DDD-DDD Perspecs Perspecs Perspecs Per specs Per specs Per specs Perspecs Per specs m G.1re.�ser"ce Inem,pt.m�Tamsmisswm a Dlsmb.t.m r.t.n by Ingress/Egress and Crvil.r MmraryAuth.dtyt. elInes mlede l oon met aaartional s.blimrte Imposed te p beumledm$1o,o00,00o Item G.2a.Into pt.meby CNI.r MmeryAue.hty IS llmled m5moes Item G2d.Indess/Egress Is Ilmled e 5 moes. P,.=Damage I Time Element combined $So--DDD $So--DDD Per specs Per specs Per specs Perspecs Per specs Perspecs Pe,specs Per specs A..ment $5-DDD $5-DDD Perspecs Perspecs Perspecs Per specs Perspecs Perspecs Perspecs Perspecs All other Earth...ke.e..e.e $1oo--DDD $1oo--DDD Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs 5%.fine Acwal vawe Perwh.f Ins.amces.bjec[ma 5%.fine Acwal vawe Per.intofIns.amces.biec[ma mInlm.m.f$z5000and 5%.fine Acwal Value Per.mt.f Insuances.bjectea All Omer Fmotl,except m.f$2s,000e,—tfxlmum.f$1oje,tt mdf$1bje,tt - ExWed Perspecs $sgD4DPREMOVED Perspecs m�n�hh—dfs5aggaandamaxlm.m.f$log000- Perspecs Perspecs Perspecs AGREED T.$25K minimum Specwl Fl..d Ha,abd Ahea(SFHA)Fl..d 5%.fine Acwal Vawe Per Umt.f Insuance subject ea 5%.fine Acwal vawe Perum¢.fins.amces.biec[ma mInlm.m.f$1.000.00o Perspecs - Perspecs Perspecs Perspecs Perspecs Perspecs m.f$1 000--DDD REMOVED FI..d Reswtn.fd Namedsmnn FI..d is lnewded wlmIn Named smnn deamt.m FI..d is lnewded wlmIn Named Smnn dead.n Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Elearonm Data Processor..ex.e.e $5-DDD $5-DDD Per specs Per specs Per specs Perspecs Per specs Perspecs Perspecs Per specs eectomm Dam PreeessInd eased by Named smnn $So--DDD $So--DDD Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs Perspecs 5%.f the Actual Value ter Unit of Insurance subject to a 3%.f the Actual Value er Unit of Insurance subject to a minimum.f$1.DDD.DDD 5%.f the Actual Value erUnit of Insurance subject toaminimum of 5%.f the Actual Value er Unit of Insurance subject toaminimum 5%.f the Actual Value ter Unit of Insurance sudectma 5%.f the Actual Value ter Unit of Insurance sudectma 5%.f the Actual Value ter Unit of Insurance sudectma 5%.f the Actual Value ter Unit of Insurance sudectma 5%.f the Actual Value ter Unit of In sudectma Nametl Storm p ) p ) Excluded p ) p ) p ) p ) p ) p ) p ) m.f$1 000--DDD and a maxlm.m.f$5-DDD-DDD $1 000--DDD .f$1 000--DDD m.f$1 000--DDD m.f$1 000--DDD m.f$1 000--DDD m.f$1 000--DDD m.f$1 000--DDD Towers m $5-DDD $5-DDD Perspecs Perspecs Perspecs mPerS.ecs mPerspees mPerspees mPerspees mPerspees T—R caused dy Named smnn $So--DDD $50--DDD Per specs Per specs Per Sees Per specs Per specs Per specs Per specs Per specs c.ntraa.rs E.m.ment $5-DDD $5-DDD Per secs Per Secs Per specs Per Secs Per Secs Per Secs Per Secs Per sees c.mtaeea E.uwment caused dy Named Smnn $So--DDD $50--DDD PerS.ecs PerS.ecs Persecs PerS.ecs PerS.ecs PerS.ecs PerS.ecs PerS.ecs Service mterr..tion 24 H.ua 24 H.ua Per specs Per specs Per specs Per specs Per specs Perspecs Perspecs Perspecs In—ttre.ress 24 H..a I3D days 24 H.ua 131 days Per Secs Per Secs Per Secs Perspecs Per Secs Per specs Perspecs Per Secs Pro.ertv Damage Replacement C.st Replacement C.st Replacement C.st Replacement C.st Per specs Perspecs Per Secs Perspecs Perspecs Per specs B.tid—mterr.—In Acual Lss Susmlued —XI IT—Susmlued —XI IT—Susmlued —XI IT—Susmlued Per Secs Perspecs Per Secs Per specs Per specs Per Secs Notice&Cancellation 9N1D 9N1D Per Specs Per Specs Per Specs Perspecs Per Specs Per specs Per specs Per Specs Assi.ned Adi-ter Scott LaRue of Sed.dk Yin.Tse of MCLarens Per Specs Per Specs Per Specs Perspecs Per Specs Per specs Perspecs Per Specs All Rsk Excludng Fl..d B Earth Movement Accepeble engneerng ncludng h.0 k png,mamenance and -Excludng Earth Movement Sprnkler Leakage all ba-his pdpedy oiled. Completed and Sgned TRlA Disclosure Seement Excludng jursdct.nalbo lerand pressure vessel e This quoin is vatd ud I the proposed potcy period effecOve Excludng Terdsm nspect.ns date Excluding W ndstonn or Hail associated with a Named Serm �.�REMOVED Thlsqu.mh uspended when a Tdpmal Dephess-Tapmal Anyne.I—A.nsb.wd armrineept.n will be.nde—tten Spann.or Humcane.wipha p.ental prejecetl path that may Previde the final coveagef,.e-Im WON format if anychanges antl aetlln acc.Nancewiph our guidelinesat N.deed.at.n In loss re..N or material changes 1.risk prior Impactamy.cat.ns forwhich)nuance is being requested,is are. thetmewe are requested t.atltl such l.catonsThis within 511 miles of the United Sates antl/.rlts emedes antl ceded includes I.,t,.ns In the folwwing stdtes.Alaska, REMOVED ebinding. possessions. Calimmia.Florida.Hawaii.and— Add, . Oonal let erf.hnat.mls tluewidin five business days of the Any new l.cattns th'a'l acamt.r aremaerially different polity leh-f edae if not received,p.licywill be prepared fromwhat is curently reported on phe Schedule qXq XLreserws the dghte choose loss atljuserwiphin Ternsantl c.ntlitons may tlifferfrom phase originally peravaiablelnmrnaton onfile Changes received afmrphiswill be Surylus Lines Policylnmrnaton F.rn of Valueswillbens ttdttenantl aetllnacc.Nancewiph designated claims adjustment fhn requested.Please review th.reughly precessetl as an entl.aementantl may be subjecte M[ .urguitlelines atphe tmewe are requested e Hawley's review and approval atltl them Any provision of this Policy that(1)assigns Policy authorship;(2)Indicates that the original Policy corm or Signed TRIA ject.n fain.within 5 days of binding ja—(sm.t a7 amended by the Company's endorsements;or AXA XL reserves the right t.be lrrv.lved In the adjustment of CYBERRISKCOVERAGEEXTENSIONENDORSEMENT - uml stheapph at.n.f the values declared the loss at the C.mpanYs expense Deleted In)Its ent y.r expl ty n.cover pavlded on the Sbement of L.cat.ns and Values t.premium deleted Marsh Page 1 of 3 F.-Change No coveage prwitletl mranymreign l.cat,.ns/exposures(U.S. AGA XL resenms me dght to witUd—this quote it mere Is an Pdmary pai,Ywimin BG days oPointling Removimgfibl—t Y mom:O.ms,quemfial Loss-Agreetlm b .desamd possessions areeonsmered $25M sublimitantl G.nsequent,al Retluct,on In Value 'Itv,humcane pdorm binding. Tmreign for sake.fmis c.ntlit,on7 Please note that mid tens change requests must be confirmed and agreed to by the underwriter. Any agreed changes are underwritten Individually and are not - Ilyb.umd by an account at, REMOVED Should any loss.not previously disclosed.. on the dsAs) Waiver of Its uance or Waiver of Company Condit—s will not er,d by this qu.bt,.m prior to me,ff„t"date be accepted.Any related policy language of the policy,me underwriter reserves me right to amend or ,,I,d,d wimim an ag- p.,manuscript form will be deleted wimtlaw this qu.bt,.m fmm our policy,mt,rely SubIITIa are subj-t.be Berkley Spe,lalry PrepemL part,lpat.m usbd and are Im,Iusive.f(m.r�m addit,.m m)me p.u,v hhh uaboiw Vads F.-Chamg,s: REMOVED 2)Item 38.`Gass Liabilites'Is removed fmm the policy Appaisal Claus,Amendment SL-2468G(1G/GBJ Florida Surylus Lines N.t,fi,at,.m AddiOonal Interest N.tfat,.m C.,dtlyhs(mr Excessor Follow CPGG243GG(G8/22)-Tad,And Economic Samct,.ms 31It"41. bealizt-Is removed fmm the policy WRBS GG1 B,rkley Specialty Paperty D„laat,.msand Form use only? Endorsement 4)I1 Q'P.u,y is oy,d and replaced wlm memllowlmg: Excess Follow F.rT P.u,y T,ams m,agreed terms and ...dit,.ms...bmed He I,dhLg amysubs,quemt LX42751G/2G POLICYHOLDER DISCLOSURE NOTICE OF ,md.a,Temts that define the Company's TERRORISM INSURANCE COVERAGE ,all phpTvh1suan,e Paa gm ays. 9G d Cam„Ilafi ause.m a (NMA 1331) eB5W58aA CP GG244 GG(G8/22) Sbmdard E-dml,Time Element-TE now Included but would Asbestos Exdusi.n (G5/21)G.mm.n PA D„laafi.ms Appaisal F.n Preperty C.mtlit,.ms-Bmad n 125585 W/2G FEDERAL SHARE OF COMPENSATION need to charge AP midterm for eny B1 Values�dd.d post LMA5393C.mmunl,able Disease ER—H uNDERTRIAAND CAPON LOSSES ENDORSEMENT btndtno. GlalmsC.—at.m aause(NMA 2737) ACE0204(12119)Fungus,W,t R.t,D,R.tand Ba,teda Ex,wsl.,8 Cy-Electronic Dab and Systems Ex,lus,., Fungus,Wet ROS Dry Rot and Moss C.-hag, ..tea:-REM OVED PEN OG1288(G3/21)-Pap,m Millennium EndpaeTent LM1380405/24 DOMESTIC TERRORISMCOVERAGEW --REMOVED LMA5401Pap,m D/b,rand Data EndOsement E#ensure EndOR—H EXCLUSION FOR INTL TERRORISM AND NBCR R,msuan,e O,rtifi,at,s m b,agreed pdortt In„pt,on Ex,lusl0n-Ma,—a ACEG21G(G1/G8)N,,Iea,E.I.g-lCh—,al,Radiological Assignment.f Clair Benefits PENOG1388(G3/21)-WarRlskand Tenods[Exdusi.m Ch—,alBlOmgl,al Radd,,all Exposure Ex,lus,.,PRO LMA310CSa-.,❑ IRt.m and Ex,lusl0n Cause Ex,lusl0n EndOa,ment ENDORSEMENT 213 1 G12 Excluding Ex Gata.r With-Pr,iutli„Payments PEN GGSG 88(G3/21)-P.Ilubmt aeanup and R,m—I AGEG238(OG/OGJ Hunicane Minimum Eared Premium Entl.aement LM1381825/24 TERRORISM EXCLUSION Electronic Dab,Sysbms and Cy-Risks Ex,lus-PRO _✓€ -- - s-REMovED (appuesm,amellafipm pmly) cpTTgml,ahle Dlseas,Ex,Igslpm Endpa,Tent(wltlr Emsgmg Loss ENDORSEMENT 221C214 NMA ZBZO T,rtodsT Ex,Igslpm Emdpa,Temt ��.,..59G6x—cEr^ TAGREED To 5400 Sublimit)Must keep endorsement but agreed to$25M sublimit ACE061(G8/18)Asbesms Material Ex,Iusi.m(Named Peril PEN GG1588(G5/22)-Moltl Fungus Exclusion-Must keep Communicable Disease Exclusion Endorsement PGP 517 LMA8184 PolicyholderDisclosure N.t-f Tenodsm REMOVED Except,.,] Cy-and Dab Endorsement endorsement but agreed to$1 M sublimit PR4258 G7/14 ANTISTACKING ENDORSEMENT G52G Insuance C.-h—(TRIA) "'�`s^'E"" E rREMOVED Exclusion of Pam.g,mi,or Poisonous Biological or Chemical Materials ACE0668(G1/l 5)Claims Adjustm,,t Legal A,t,.m G.ntlit,ons Endorsement LM1381544121 FUNGUS,MOLD OR SPORES EXCLUSION LMA 531G TRIA Not Puahasetl Glause Mould Exclusion(LMA 5G18) REMOVED but mus[keep Cuter Ex,lu. -AGREED TO$1M limit REMOVED PEN"17 88(031 1)-Spe,Ial Cabstmphe Eared PremwT Certified AcgsJ.f Tenodsm Entl.aement Cif TRIA Is Fl-Windstorm or Hail Exclusion as a Result of A Named Stone ACEG934(G5/22)Addit,.mal Policy C.mdit,.ms Endorsement Minimum Eamed Premium Endorsement PrevisionEndorsement-A GREED ONLY APPLIES TO PR4225 G7/13 ECONOMIC SANCTIONS ENDORSEMENT ,,,pied)PRO GG1G115 LMA 5388 TRIA Puahas,d Clause War and Tenor Ex,lsl.m(NMA 2818/NMA 2818) CANCELLATION ACEG883(1G/2G)LOWER DEDUCTIBLES EVIDENCED ON Tenodsm Exdusi.n Entl.aement(ifTRIA Is jecmtlJ PRO E815(GB/21J U.S.Treasury Dept OF AG Advisory Npfi„m LssR,p.rtimgC.mtlit,.ms CERTFCATES OF INSURANCE N.,I,ar,Bl.I.gl,al,Ch—,al.rRb,h—t-Ex,lusl0m REMOVED,Agreetlmsublimit LM13800303120 COMMUNICABLE DISEASE EXCLUSION GG21111 POlicyh.ltlea REMOVED,agreetlm$1M sublimit ENDORSEMENT S,h-1RdomitOf oabiutywlfir Prep.rti.mal Vawe ACE100(12114)PO11ufiOnEx,lus,.,And POuubnt CleamUp And Pre£xisting Damage Exdusi.n .PEN G1W 88(W/21}Tenodsm Entl.aement LM1380230G/20 AIR SUPPORTED STRUCTURES N.fi„mPOli,yh.ltl,a-Pdva,y P.h,y(All Sbts)PIN CW E818(G8/24J PdvacY N.t,ce G.mmunicable Disease Entl.aement(LMA5383J R,T—1 C.-h—E—s-EndOaeTent EXCLUSION ENDORSEMENT G2 G118 Sbb Faud Sbbmemts ACE1037(08/21)Appal sal Lags, Sam,fi.m❑ IRt.m and Ex,Igslpm nags, PEN010488(03/21)-Cyber ExX,s- LM1380240G/20CNIN ELEVATOREXCLUSION N.fi„mPOli,yh.ltl,a-Fha d Wammg N.t-(All Stites)ENDORSEMENT PIN CW Cl G123 EgOG(G2/21J Service.f Suit nags, Bia.gicalBGhemical Mamdals Exdusi.ns(NMA 2862) LM1380250G/20(1)DAMS.DIKES AND LEVEES AND(2 N.fi„mPOli,yh.ltl,a-U.S.Treasury Department OFAG ACE126(1G/14)Electronic Dab Amendment EndpaeTent Service.f Suit Cause(U.GA) PEN 011188(03/21)-COmmunl,ahle Disease Ex,wslpn FILL BENEATH ANY BUILDINGS OR GLEN CTURES (All Sbtes)PN OWG5 G D, NMA 2802Ee,tronl,Dab R...gmifi.m EX,lsl.m(EDRE) LSW1001-Sevealoabmty EXCLUSION ENDORSEMENT 25 AGE53328a(G4/2G)Ex,wsmn Of Loss Due Tt Vlas.Ba,teda.r PEN G]GG(W/21) Policyhotler Disdsure Sbmment Under Micre.rganism ThatlLd..Physl,al Distress, Seveal oabiuty nags, fireT,yh Rs,sAct LMA54GG11/19 PROPERTY CVBER AND DATA ENDT 1,wit-ss-Imtlia,Hal-lb.,msuan„ILMP 81 G4 G1241HIG NMA 2862 BIOmgl,al.rCh—,al Mamdals Exdusi.n Appu,at.,.f Subllmlb(LMA 5130) ss or Dlseas, ALL-1G75G(G1/15)T,rtodsm Ex,lus-Endpa,TeA Tenodsm Ex,Igslpm PSC GGG188(W/21)-Farms Schedule LM1381209/22 EXTORTION RANSOASAREEXCLUSION Service.f Pa,ess XL-FLSOP0118 NMA 1191 RadI0a,fiveC.B—at—Ex,lus,.,Cause Fau IRH Calms Cause(LMA 5062) Ph-,al Dama,,-DIRECT(US) ILG852(G1/15)Cap Om Losses Fam C,Uf,d Acts.f Tenodsm REMOVED PSCGGG788(W/21)-Schedule.f Covered L.,at,.ms LM13811ee/22 DIGITAL ASSETS AND DIGITAL OPERATIONS EXCLUSION -_REMOVED LMA 5G18 Asbestos Entl.aement Sanctons Dmibt,onBExdusi.n nags,(LMA 31 GG) N-y a,gwr,d u-Xt.m Of ph-d,d):—addit,.m.f L—y a,gwred m,afi. -hh,Ter1wind sL-0ma06(04/za)s,rvi„of swt Emdpa,Temt-Fpdda r""`o"epeHirl3`-'-•- "^^,A^a."- ZOmes,ZomeA pry Fp.d has p, thh,CaufoTla _ LMA 5130Appu,afipm pf sgbllTlb Emdpa,Temt Tda Npfi,es asappu,ahle(LMA G01 NG011)Im inspect pf us REMOVED Earthquake Z.nesABBls not pennittetl wim.ut AGREED TO REMOVE B41�REMO"3 business pd.rwdtten appreval and pricing by Allied W.hd Assuan. Compat,(U.S.),Inc.. TR51520a(G8/2G)Plli,yholder Dis,msur,N.t,„Of T,nodsT M.mae County Manuscript LM1 38133 12/22 MAXIMUM AMOUNT PAYABLE(BLANKET) Ca.,,Ilat,.,Iddlt,.mal Pr 2s.5b:High Hazard Wind Z.me(s) LSW I GG1 Seveal Liability Clause E#endedPeriodoflnd—,ty GG days orto be agreed ceCo 'a PRO 2G561124 Monme County Bard of County Commissioners LM1381121/24 NBCR EXCLUSION WITH COVERAGE �.., " :E 4)-(°6)P,R^�m2- NMA 2818 Warantl Tertorism Exclusion Endorsement Forrenei✓als-Signing no less tlran expiry and Its Elected Officials Manuscript Ph-1,Policy FOR RADIOACTIVE CONTAMINATION ENDORSEMENT AGEEDED TO BG DAYS MS 367386(G7/23)Geneal Amendatory Endorsement Various F.nm Chamg,s: Chamg,s per our expiring Geneal Amendatory Endorsement(MS 367386R (G5/24))Pwsb,KII—Lg -Amend fire named Insured to"Monme County Board of County Commissioners'(rem and Its Elected Officials) -D,Ieb,md.a,Temt 1 G -D,Iem,md.a,Temt 11 ol add.w Iow,r dedu,fibies men LM13813TIONONnON FISCATIEXONXP ON EXPROPRIATION NA zn Subje,t t—EndOa,m,nt GCE WRBS ClG1 G P £xlst Lg Damag,Ex,wsmn N—th—hess-Signing In FUII NA/23 C AGREED TO ADD BACK IN THIS LANGUAGE ACEm45(03/21I C,U—Of Its—...Aummat,Addifipnal LM138143 e/24 EXCLUDED TERRITORIES DEFINITION REMOVED WRBS G19 Minimum Eared Premium Entl.aement-35% LMA5583-Tenimdal Ex,ws,.,B,Iaas.Russia and Ukaine I's"'d And Loss Payee E,d.a,Temt ENDORSEMENT MAAG255p(04/15)Calms Rh-,Pap,m and inland Madn, ITS 1381e08/23 WAR EXCLUSION .. , REMOVED -- (-QQ-`^)AGREED TO REMOVE ALL-2G88](1G/0G)CHUBB Padu„r C.mpemsat,.m Pa,t,„s8 LM 1381731G/25 STANDARD PROPERTY CONDITIONS Ph,-e sang Damage Endorsement PRO 2380615 LMAGG38-FloridaSurylusLinesN.t- POu,Ies (AIG SPECIALTY) ALL-211 Cl(11/06)Tad,or Economic Sanctions Endorsement LM138176 3/24 ERRORS OR OMISSIONS IN e.2_REMOVED Service of Suit Claus,NMA1888 Service of Suit Clause PROGRAMMING EXCLUSION (USA) ALL 5X45(11/96)Quest—s About Your Insuance REMOVED Manuscript Amendments GCE LSW3GG1(Amemd,d)Premium Payment Clause ILP GG1 Cl G4 U.S.Treasury Departments'Office of Foreign Asses LM13I88I 0—RESTATEMENT OF POLICY MI,a.rg.EX,f(Subhm t Exhaust—)ESP 6-325-AGREED Control f'OFAC')Advisory-,e t'Policyholders DEDUCTIBLE ENDORSEMENT TO$1 M Sublimit LD5S23I(1 G/24)Glgmat Endorsement Coinsurance A preys. q g c helnsurtl at leas[ al mast pea,m pulated bg,usu, ally8G%.8G%.or 1GG%of me value of me paperty if firensuan,ecarretl Isless that mri mum,gdr,d most th—sured rill b m T me a me e able -,— sine amount of me loss ul[pred by t.of amount of,s,a a..m a...puahas,d(melmt.f,s, . ine amount of,s, ,,,,qu,,d value of me ph.,lyonme d T co a„that,of loss Ul[pied byme ,s, mpeaenbg,),less me d,du,[ble Drop D—Ezh—lion of Aggregate:A prevision atb—d t.anex„ss poli,y,wh,,hst-s math,me eventuntledying aggregated policy limits are reduced or exhausted as me result of Insured loss,s,rypi,allymr flood and earthquake perils,me ex„ss—,agewill'dmpd...t.afa,h over reduced untledying limits or become phmaryln me even[mature untledying limit exhausted. Step D—Priority of Payments:An ex„ss policy provision which rec.gmiz,s me easi.m or exhaust,.,of me primary.,untledying limits as me result of loss due t.perils and/.r loss t.paperty m.[,overed by that,xc,ss policy Joint Loss Agreement:A policy provision applicable under Tult,ple policies applying t.me same loss scenario(usually paperty and boiler&machinery)which st,pulat,s how aj.int loss(ego a loss amibubble t.perils s,paately Insured under each of me policies In quest,on)will be handled In me even[mere Is a tlisputewim regaN m how much of me loss should be allocated m each policy Occurrence Limi[of Liability:Thelimit of Insuance is based on values reported mr each l.cat,on or Item of Insuance and melnsuretl can not recover more that me reported value.regaNless of me amount of mel.ss.(Please see below,ran example.fhow....-yw.ultl be calculated if mere is an O„un,m„Limit of Liability Endorsement on me policy) Margin Cl..—A ph.,ly lmsuam„p.Ii,y prevision that st,pulat,s that recov,ry lm me event of a loss will be limited t.I-—etl values at particular l.,at,.m TUlt,plied by specific peaenbg,(me margin),mr example 11 G%.r 125%.(Please see below mr an example of how....-yw.ultl be calculated if mere is a Margin Clause on me policy) Automatic Coverage:also known as Newly Acquired L.,at,.ms Marsh Page 2 of 3 Ubb...d L.A.—also known as Miscellaneous--d L—t— I--Adj--bt F.—also k,..,as Professionals Fees S..&--also k1..1.P-1-1.1 of Plfty SIFHA:S,—I Flood Hazard Area 1 GG Y—Flood Z.-Zones Pre-fixed A.,V MIFlik Mod—t,Flood Hazard Area 1 G65GG Y—Flood Zone,Zones B.,X Shaded Alytthl=�.IllIlIl�lghAl�t,�, , It, th It h zh d d h 1h, 11'1t1.1ht�1d"111'11bb�1'1'h"�d d�th P—IdId by 11—h th,11—h AhAy- .I,ly-the bty, bf, the- bdl"I'l"�,'��'b"tbl�t'�,','P"'t'�. �.h.1.1'e.�,o��b�I yto yo,o,-y othe, ly bpl�,'It'dtl.,�l g t't h fd 7th ee �Ild hoe' h h�'2el he'd h1'1'P.'1�tdd't d"d' 'P"f" leplod-boh dhd dlItIlb,tIo p bt:dlt�,'dpt 'p, PIto 1'hI 91—thtee the -Y hfol—loh, gran"d, 't'd'h thl' t'-t I'h1pdph f, —Poh"ble ter P,11hale,hold, —y do to, f_[berse of sr b,Y., It It, 'd h't"e''pe—I 0"0"e',e'b a'da fole",Po' he h 'tdh teht—111 IAII --11111�Idl dl—bl-, L1111-11 Addl✓I—A-11��F ��l FI-11 A IAIhll-ILAI 11--��l 111—111 IAII --11111 be lbble to,dhy dhe" '—pel,_o'y p h—tmeht p,,po—,and,ho,Id hot be-el,edoh a,,h,e,tmehtad,,,e�ya—pt,hgth,,I-epol,'on-o'ledge the telm, folth abo,e —1 ILIA11-1—I Marsh P3 of 3 Program Property Insurance Program: $5M of Wind for Airport and Balance of SOV I"Per Expiring" Monroe County Board of County Commissioners and Its Elected Officials 2025 TIV $319,865,653 2025 Premium $2,970,500 2025 Rate $0.9287 Included in Premium 26 Airport TIV $143,687,710 26 Airport Premium $916,060 te 2026 TIV $419,688,448 2026 Premium $3,140,304 2026 Rate $0.7482 All Risk Parametric $Delta $99,822,795 $Delta $169,804 $Delta -$0.180 7 Eq.Breakdown&Juris.Inspections cTaxes(est.) %Delta 31.21% %Delta 5.72% %Delta -19.43% �Terrorism&Active Assailant Tax Exempt-Taxes not included(except for HSB) ADDITIONAL CAPACITY: *'ll� 40 000 000 xs 10 000 000> Limits: Premium:$50,00shar iCarrier AIG Fast Track WRB share 10% 10% 25% 1001 share 4000000 4000000 10000000 40000000 La er Premium 2200000 2145000 � �� - �� 150000 Y214500 CarrierPremium 220000 �'' �i�� �' 37500 Renewal: 562750Em New Market New MarketFollowing AIG � � �%�� ��' ��� Excluding Named N/ew Markel tod,and Earthquake Incl.-2.5%Discount $5,000,000 xs$5,000,000-Excl.NWS,Flood,EQ 10 000 000 Carrier v' °share 10% 10% 100° f I share $500,000 $500,000 $5,000,000 l Layer Premium Carrier Premium Renewal $110,000 PRIMARY$5,000,000 NWS,Flood,EQ LIMIT $5,000,000 Indication Carrier AWAC Munich Re j share 10% 10.00% 17.500000% 100.0000 l 0.0000% 20 share $500,000 $500,000 $875,000 $5,000,000 $1,000,000/ Layer Premium i Carrier Premium $30500000 /'/ 1 i-',,01 Renewal: $1,537,500 / 1/ NewMarket80,000 NWS Limit See the right side of spreadsheet for additional capacity Property Only Premium: $2,210,250 Parametric(See additional tab) Jurisdictional Inspections:OPTION KEY DEDUCTIBLES: Insurer:Berkshire(BHSI) Insurer:BPC AOP:$50,000 per occurrence,except Pentium Table Limit:Cat-in-Box Opt 1$5M or Opt 2$7M NWS:5%per unit,subject to a minimum$1,000,000 Property Only $2,210,250.00 Premium:Opt 1—$846,000 or Opt 2—$817,000 Premium:$800 EQ:$100,000 per occurrence Parametric $845,834.00 Flood Equipment Breakdown $16,752.00 All other:5%of per unit subject to a minimum of$25,000 per occurrence. Jurisdictional Inspections $800.00 EQUIPMENT BREAKDOWN: All Other:5%per unit,subject to a minimum$1,000,000 Terrorism&Active Assailant $65 000.00 Insurer: HSB Contractors Equip:$5,000 except$50,000 for Named Windstorm Taxes/Fees $1,667.52 Limit: $100,000,000 EDP:$5,000 except$50,000 for Named Windstorm TOTAL $3,140,303.52 Market Access Point Deductible:Direct/Indirect$5,000.Except for A/C and Refrigerating Equiment$25 per HP,min of Premium Check with 2026 Deductible: $5,000. $0.00 StIyEtt3'e1F Equipment$25.00 Per Horsepower,$5,000 Minimum Towers:$5,000 except$50,000 for Named Windstorm Premium noted above Premium:$16,752 (expiring:$14,999) Bowring Zurich Bowring Bermuda ESTIMATED US TAXES,US FEET TAXES,&FEES(ALL LINES): UfJfffJfffJfffJffyJ�y �Y�.1, �U�U�U�UT Tax Notes:*Surplus Lines Taxes I**US FET Taxes TERRORISM OPTION:OPTION Active Assailant: Bowring Shanghai Estimated Taxes&Fees: $1,668 Limit:$50,000,000 Limit:$1,000,000 BowWhri,Ufa'aggre %mot Deductible:$10,000 Premium:EST$50,000 Premium:EST$15,000 U.S.Direct 'Alterirative Capital This document and any recommendations,analysis,or advice provided by Marsh(collectively,the"Marsh Analysis')are intended solely for the entity identified as the recipient herein("you').This document contains proprietary,confidential information of Marsh and may not be shared with any third party,including other insurance producers,without Marsh's prior written consent.Any statements concerning actuarial,tax,accounting,or legal matters are based solely on our experience as insurance brokers and risk consultants and are not to be relied upon as actuarial,accounting,tax,or legal advice,for which you should consult your own professional advisors.Any modeling,analytics,or projections are subject to inherent uncertainty,and the Marsh Analysis could be materially affected if any underlying assumptions, conditions,information,or factors are inaccurate or incomplete or should change.The information contained herein is based on sources we believe reliable,but we make no representation or warranty as to its accuracy.Marsh shall have no obligation to update the Marsh Analysis and shall have no liability to you or any other party with regard to the Marsh Analysis or to any services provided by a third party to you or Marsh.Marsh makes no representation or warranty concerning the application of policy wordings or the financial condition or solvency of insurers or reinsurers.Marsh makes no assurances regarding the availability,cost,or terms of insurance coverage.All decisions regarding the amount,type or terms of coverage shall be your ultimate responsibility.While Marsh may provide advice and recommendations,you must decide on the specific coverage that is appropriate for your particular circumstances and financial position.This may contain information obtained from third parties,including ratings from credit ratings agencies such as Standard&Poor's.Reproduction and distribution of third party content in any form is prohibited except with the prior written permission of the related third party.Third party content providers do not guarantee the accuracy,completeness,timeliness or availability of any information,including ratings,and are not responsible for any errors or omissions(negligent or otherwise),regardless of the cause,or for the results obtained from the use of such content.THIRD PARTY CONTENT PROVIDERS GIVE NO EXPRESS OR IMPLIED WARRANTIES,INCLUDING,BUT NOT LIMITED TO,ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE.THIRD PARTY CONTENT PROVIDERS shall not be liable for any direct,indirect,incidental,exemplary,compensatory,punitive,special or consequential damages,costs,expenses,legal fees,or losses(including lost income or profits and opportunity costs)in connection with any use of THEIR CONTENT,INCLUDING ratings.Credit ratings are statements of opinions and are not statements of fact or recommendations to purchase,hold,or sell securities.They do not address the suitability of securities or the suitability of securities for investment purposes,and should not be relied on as investment advice.By accepting this report,you acknowledge and agree to the terms,conditions and disclaimers set forth above. Copyright©2022 Marsh LLC.All rights reserved. THIS IS A SUMMARY ONLY:PLEASE REFER TO BINDERS AND POLICY FORM FOR COMPLETE LISTING OF TERMS AND CONDITIONS ProgramOROS Marsh Property Insurance Program: $10M of Wind for Airport and Balance of SOV Monroe County Board of County Commissioners and Its Elected Officials 2025 TIV $319,865,653 2025 Premium $2,970,500 2025 Rate $0.9287 Included in Premium 2026 TIV $419,688,448 2026 Premium $3,679,929 2026 Rate $0.8768 AAll Risk =)Parametric $Delta $99,822,795 $Delta $709,429 $Delta -$0.052 a Eq.Breakdown&Juris.Inspections[S Taxes(est.) Delta 31.21% %Delta 23.88% %Delta -5.58% D Terrorism&Active Assailant Tax Exempt-Taxes not included(except for HSB) m m ADDITIONAL CAPACITY: ..m'V�mRWiw'I MW"mmA1RI�loRi�nIP�m n umpl mm.mu moYWi mom�'mum1p fI�mrtW� mn'��WimmI mfiI m� 0�,m�"_1Ii�m mn✓Ii�mnYa loRmuwi moNV'!m�i"_1Im��uRlpm'"�.MI I�iI IpM MW�",u�i�4�16IIII ��'.Mu�IVW�r � $40 000 000 xs$10,000,000 Limits: Premium: 50 000 000 Carrier Fast Track WRB AIG l %share 10% 25% 100% 10% $share 4 000 000 - ! 10 000,000 40 000 000 4 000 000 / " Layer Premium 2 486 250 150 000 2 500 000 Y Carrier Premium $248,625 $37,500 Renewal: $393,375 $250,000 j New Market ;, / --� - i Excluding Named t Flood,and Earthquake New Market New Market Following WRB&RLI NWS Limit Incl.-2.5%Discount PRIMARY$10,000,000 $10,000,000 Carrier AWAC %share 10% 20% 100% 10% 11115M i'share 500000 1 000000 5 000 000 500000 $ $� $ $ 'La er Premium $2600000Y / 11/0 xCarrier Premium 520000 Renewal: 2355000 $ $ i,,, �,New Layer Flood EQ LIMIT $5,000,000 Carrier share 10% 20.00% 100% 10% $share 500 000 � 1,000,000 ! � ! �� -'�� 5 000 000 $500,000Layer Premium Carrier Premium See the right side of spreadsheet for additional capacity Property Only Premium: $2,748,375 Parametric(See additional tab) Jurisdictional Inspections:OPTION KEY DEDUCTIBLES: Insurer:Berkshire(BHSI) Insurer:BPC AOP:$50,000 per occurrence,except Pemium Table Limit:Cat-in-Box Opt 1$5M or Opt 2$7M NWS:5%per unit,subiect to a minimum$1,000,000 Property Only $2,748,375.00 Premium:Opt 1-$846,000 or Opt 2-$817,000 Premium:$800 EQ:$100,000 per occurrence Parametric $845,834.00 Flood Equipment Breakdown $16.752.00 All other:5%of per unit subject to a minimum of$25,000 per occurrence. Jurisdictional Inspections $800.00 EQUIPMENT BREAKDOWN: All Other:5%per unit,subject to a minimum$1,000,000 Terrorism&Active Assailant $65 000.00 Insurer: HSB Contractors Equip:$5,000 except$50,000 for Named Windstorm Taxes/Fees $3,167.52 Limit: $100,000,000 EDP:$5,000 except$50,000 for Named Windstorm TOTAL $3,679,928.52 Market Access Point Deductible:Direct/Indirect$5,000.Except for A/C and Refrigerating Equiment$25 per HP,min of Deductible: Premium Check with 2026 $s,000. $o.00 tiny lEadpeiftdr, Equipment$25.00 Per Horsepower,$5,000 Minimum Towers:$5,000 except$50,000 for Named Windstorm Premium noted above Premium:$16,752 (expiring:$14,999) Bowring Zurich Bowring Bermuda Tax Notes:*Surplus Lines Taxes I**US FET Taxes TERRORISM OPTION:OPTION Active Assailant: Bowring Shanghai Estimated Taxes&Fees: $3,168 Limit:$50,000,000 Limit:$1,000,000 BaVlnn'$Yn¢8lsf5r'", Deductible:$10,000 Premium:EST$50,000 Premium:EST$15,000 U.S.Direct Alternative Capital This document and an recommendations,analysis,or provided by Marsh collectivel tire Anal s are sole)for the entity identified as the recipient herein ".This document containsproprietary,confidential Information of Marsh and may not be shared with an third art including otherproducers,without Marsh's written consent.An statements concerning Ye p Y I Y, Ys'Iar- Y Y p IYOL) Y Y party, g cep prior Y g actuaral tax ac �ntn or legal matters are based sole)o cebroker,a nd rsk cons�Itants and are not to be relied u o actuarial,accounting,tax or legal advice for which you should consult o professional advisors.An modeling,anal tics oprojectionssubject to inherent uncertainty,and the Marsh Analysis could be material)affected if an underlying assumptions,g, g y n experience as s p n g y your own y g, V or � y, y s y y y gassu p , ondltln,nformaton,orfactorsar- urateorncompleteorshouIdchange.Tirenformatoncontanedherenlsbasedo we believe reliable,but we make no representation or warranty ato its accuracy,Marshshall have no obligation toupdam tire MarshAnalysis and shall have no liability to you or any other party with regardto tire MrshAnalysis oto any services provided bya third party to you or Marsh.Marsh makes no roro entaton or warrant ngtirea at on of so lc word l ns or theft na ncia l cond itlon or solvency of I ns rs.Marsh ma 'a rd l ng the ava I la bi I It cost or to rms of e.Al l deck Ions rea rd l ng the a men nitype or terms of cove rage s ha l l be o rt Itimate resonsl bl l lit.While Marsh may provide advice a no recom me ndatlons omList p s Y o n g pp p Y g Y reg g Y, crag g gg you p Y Ypr ,Y u decide on rhos eciflc o cthats riato for o artcutarc rcu costa nces a no financial position,This may contain Information obtained from third to incltd ing rains from credit ratings such as Standard&Poors.Reproduction and dlstributlonof third art content In an form is roh Died except tiro r written permission of the related third art.Third art content rovders do not p crag appres y nrp p y parties, g g g agencies p party y p p plot p rm party. party p iss o guarante the accuracy,completeness,timeliness or availability of any information,including ratings,and are not responsible for any errors or omissions lnegllgent or otherwise),regardless of the cause or for the tosu its obtain ed from the use of such content,TI11RD PARTY CONTENT PROM DERS GIVE NO EXPRESS OR IMPLI ED WARRANT ES,INCLUDINO,BUT NOT LIMITED TO,ANY WARRANT ES OF MERCIIANTABI LITY m ss OR FITNESS FOR A PARTICULAR PURPOSE OR USE.THIRD PARTY CONTENT PROVIDERS shall not be liable for any direct,indirect iincidental,exemplary,compensatory,punitive,special or consequential damages,costs,expenses,Iogalfes,or losses jinciuding lost Income or profit's and opportunity costs)In connection with any use of THEIR CONTENT,INCLUDING ratings.Credit ratings are statement's of opinions and are not statement of Pact or recommendations to purchase,hold,or sell securities.They do not address the suitability of securities or the suitability of securities forinvestment purposes,and should not be relied on as investment advice.By accepting this report,you acknowledge and agree to the terms,conditions and disclaimers set forth above. Copyright C9 2022 Marsh LLC.All right's reserved. THIS IS A SUMMARY ONLY:PLEASE REFER TO BINDERS AND POLICY FORM FOR COMPLETE LISTING OF TERMS AND CONDITIONS Monroe Counity Parametric F i I Id7Iro�e oIIVuIIlIIrV ltf yIP ParametricNWS Pl'I(DI IIiC� tYU11xr)I Il'h t dd tn'41 Dwera opomas ( � - I -Bo (C.IB) Monirc)e ( ol_rit Expiring Lo,it btt,t Pa ouut.5tructames- of occurrence UinuR 914SI11 iw c iw.wrammauie nwR Legal For- (insurance non-adrmitted u uYyn�CIIB..Il Red Ke.we5t. �Cir'�eee 9iue � i f crx.C',e't 1 0% 0% CIN Tenm May 1,2026-May 1,2027 Cat 2. 21 Y& 0% CYN Structuire CIO w m ne ri r u'u Cat 1119 20'ib<,. SIM Attaclhnnent Cat 2. Cat 3-1,12CA 5 rrz V...+130.G„ Option (a le,Bt a 'on'lUl {�S�SCa G,'x CP'94S.Dq WkW 30% ION ' a use Casa IExpiring. Itao ♦Air p rt Cetd Y13(b rl�.m WmdzrlA3 r'. , r915G"CP'3:32-5 ECX 40% 2G?Pr m.Anial uimiit nfrered 'n utlfl.r7KTC1 Jflltltl,l7r7@ z>WPIlI;C4C4C➢ C.1,4'l,1�r15m^n.`Wmrvax+a5'x_G1 Ca rbsS Phermh" 8d5„55s 777,.778. 1, ,667 I'32 5=„'I C.P.a2rs.m 16Ta'ntlr s o+gym, 30M 9u tas nines Tare&Stamm FL.S i• 4Q278 38,M $3,.333 Cat 100ntlr EK1§H, dGKr Gross Py feint 845,HM 316,itit7 4751l,C4iB &xiairingl+t Aarporri $7Nfl.LIIrm41. IP'menaiumi RolL 1L not"x 11 not"A td&57:T� Pa nut St..tu-s.-%of CDcow—no.Limit '"'Exact S L.Tare A Stamp to be determine at piaceme nt. Olphon Cia 1 Red l iK ..we*tf 11, en al ue .Quotes-lid until April 10,2026 This lndlcatian can not be Mound iE there C'.ar.2 rs. 0% Cd, is any disturbance or'IhVamed windstorm in Cat 3 7r,P;4. 1ON, fs7ermo Cat3 ft2t15trx�wmax 1230.m, the Atlantic.Basin at binding,unless f,.55!1 are CP a Sat.5.rs1 ,p,i N, otherwise agreed to by the Company. Cat T 113Ca G:,,.V ,n 9;A,3,.5 •War Risk and Terrorist Exclusion fats11"CP+m325P ,,,,, t'ra `rl?;7 Premium Payment Terms-2'Cdays CaC 3 n f 1�43 5.er,�V max.r 7L57 m, .Nom adrmitted causer'. 9325v�z CPar}2G rs y p I sir,., SGn@� 3'a'�W'u� Fully earned rrrvumirrrvurrry re�nrvduei^i C'.at'..5 1WX &M .......................................... Needed LJrnit-$'2'SNA LX nnit We approached SttSI with the new Limit Structures,as well as the Expiring Structure pavoutstrwduure.s..-%f of C7—noe Unnit Option Clla•11 Red Ke wesr'r mein aloe M BHSI Iro7,'ert-+d their lby 21.Yf":,Va'. the Expik if la's sfi t.lr.hire(Oprtnon II''1 CCat 1 ere. as, r C fion III(payout structure was,desi ned to closely rnatch the payouts of Option I at lower categories,cut for a higher Ilmit�to Cat2 ,n�: as, p p�y g y p�y p' g g 4 Coverage is triggered if(based)on National Hurricane Center public data),: Cat 3. ;m account for the addition of the air port,resullting in higher payouts at higher NIwS categralries Cat 31 1120.1,..rr,J ax.1 130.G6 _ .� .a.. .a,.. . .a. Center of the Eye of a Nanmed Windstorm(NI'WS')crosses one or more crosses one Q1 more s5S m.,�Cr b,4.So r;w,, rlr �, r This Iresults Ir a very sl mrlalr prL ml uura to that of�}p�llalry I.cut�a glre�atLr anan unl c r lulnarl is N�eil�rv�aulrctlased. circles„and Cato I1.30.0 rxvrnax r143.5, Option IlIlll is another velnUe to purchase needed Unlit—as parametric works best dovetailing with traditional,we only 9 S @ nCrH:. 12_sp ,, s,r,,+, recommend this stlrulctLIM if findingadditional((milt is cl fficult or too expensive on the traditional market NWS Category is above tlhreshoids listed in the p�ayQut tabie.s can dime right Catn g143 x,rn,ax:1S7-m, a Marsh 2S 1,CP�,1320.ul 7 u N', TM, tips. r It after reviewing these stlructUres Monroe County wishes to explore further options,we WGUI[d be happy to do so Cats Il!Ocllir lN7'fL Liz Yongue From: Gomez-Krystal <Gomez-Krystal@MonroeCounty-FL.Gov> Sent: Tuesday, April 14, 2026 3:43 PM To: Ballard-Lindsey; County Commissioners and Aides; Kevin Madok; Pamela G. Hancock; Liz Yongue; InternalAudit; Agenda Item Review Team; MGT; Francis-Lourdes; Gongre- Mark; Maddox-Natalie; Moeller-Mary; Moore-Deborah; Proffitt-Maureen; Tamborski- Cheri; Tolpin-Devin; Wilson-Kevin; Liz Yongue; Gastesi-Roman; Liz Yongue; Senior Management Team and Aides Cc: Shillinger-Bob; Williams-Jethon; Cioffari-Cheryl; Livengood-Kristen; Rubio-Suzanne; Pam Radloff; County-Attorney; Allen-John; Danise Henriquez; Hurley-Christine; Rosch- Mark; Gambuzza-Dina; Beyers-John; InternalAudit; Kevin Madok; Valcheva-Svilena; Powell-Barbara; Guerra-Cynthia; Brynn Morey Subject: Item T6 BOCC 04/15/2026 REVISED ITEM TITLE Attachments: Enhanced Staff Report (gpj redline 4.14.26).docx Good afternoon, Please be advised that the item title for the T6 agenda item has been revised. "Approval to Renew Monroe County's Property Program Insurance policy for 2026-2027 at a total cost not to exceed 3, 40 z04 00 $3,679,929.00" The Agenda Item Summary for this item has been revised to recommend renewal of the Blanket Insurance Policy with increased windstorm and flood limits($5M to$10M). The increased limits are requested by the Airport Department to ensure adequate windstorm and flood coverage for covered property at Key West and Marathon Airports, but will result in higher levels of windstorm coverage for all County properties. Exercising the option to increase coverage limits for windstorm and flood will increase the annual premium by$539,625 compared to the premium for continuation of existing coverage limits as previously reflected in this item. Thanle �,-,rrystaC crontez Executive Administrative Coordinator Monroe County Administrator's Office 1100 Simonton Street, Suite 2-205 Key West, FL 33040 Office: 305-292-4441 Cell: 305-850-8694 Courier Stop 41 Notary Public i wwwv a u:� �_rv_� € � u. � y _:.g ov: PLEASE NOTE: FLORIDA HAS A VERY BROAD RECORDS LAW. MOST WRITTEN COMMUNICATIONS TO OR FROM THE COUNTY REGARDING COUNTY BUSINESS ARE PUBLIC RECORDS AVAILABLE TO THE PUBLIC AND MEDIA UPON REQUEST. YOUR EMAIL COMMUNICATION MAY BE SUBJECT TO PUBLIC DISCLOSURE. From: Gomez-Krystal <Gomez-KrystaI@ Mon roeCounty-FL.Gov> Sent: Monday, April 13, 2026 10:07 AM To: Ballard-Lindsey<Ballard-Lindsey@ Mon roeCounty-FL.Gov>; County Commissioners and Aides <County_Commissioners2@monroecounty-fl.gov>; Kevin Madok<kmadok@ Mon roe-Clerk.Com>; Pamela G. Hancock <phancock@monroe-clerk.com>; Liz Yongue Clerk<eyongue@monroe-clerk.com>; 'InternalAudit@monroeclerkFL.onmicrosoft.com' <InternalAudit@monroeclerkFL.onmicrosoft.com>;Agenda Item Review Team <Agenda_Item_Review_Team@MonroeCounty-FL.Gov>; MGT<MGT@ Mon roeCounty-FL.Gov>; Francis- Lourdes<Francis-Lourdes@MonroeCounty-FL.Gov>; Gongre-Mark<Gongre-Mark@ Mon roeCounty-FL.Gov>; Maddox- Natalie<Maddox-Natalie@ Mon roeCounty-FL.Gov>; Moeller-Mary<Moeller-Mary@monroecounty-fl.gov>; Moore- Deborah <Moore-Deborah@MonroeCounty-FL.Gov>; Proffitt-Maureen <Proffitt-Maureen@MonroeCounty-FL.Gov>; Tamborski-Cheri <Tamborski-Cheri@MonroeCounty-FL.Gov>;Tolpin-Devin <Tolpin-Devin@MonroeCounty-FL.Gov>; Wilson-Kevin <Wilson-Kevin@MonroeCounty-FL.Gov>; Liz Yongue Clerk<eyongue@monroe-clerk.com>; Gastesi-Roman <Gastesi-Roman@MonroeCounty-FL.Gov>; Liz Yongue Clerk<eyongue@monroe-clerk.com>; Senior Management Team and Aides<Senior_Management_Team_and_Aides@ Mon roecounty-fl.gov> Cc: Shillinger-Bob<Shillinger-Bob@ Mon roeCounty-FL.Gov>;Williams-Jethon <Williams-Jethon@MonroeCounty- FL.Gov>; Cioffari-Cheryl <Cioffari-Cheryl@MonroeCounty-FL.Gov>; Live ngood-Kristen <Livengood- Kristen@ Mon roeCounty-FL.Gov>; Rubio-Suzanne<Rubio-Suzanne@ Mon roeCounty-FL.Gov>; Pam Radloff <pradloff@monroe-clerk.com>; County_Attorney<Cou nty_Attorney@ Mon roeCou nty-FL.Gov>;Allen-John <Allen- John@MonroeCounty-FL.Gov>; 'Danise Henriquez' <d hen riquez@monroe-clerk.com>; Hurley-Christine<Hurley- Christine@MonroeCounty-FL.Gov>; Rosch-Mark<Rosch-Mark@ Mon roeCounty-FL.Gov>; Gambuzza-Dina <Gambuzza- Dina@MonroeCounty-FL.Gov>; Beyers-John <Beyers-John@MonroeCounty-FL.Gov>; InternalAudit@monroeclerkFL.onmicrosoft.com; Kevin Madok<kmadok@ Mon roe-Clerk.Com>;Valcheva-Svilena <Valcheva-Svilena@MonroeCounty-FL.Gov>; Powell-Barbara <Powell-Barbara@MonroeCounty-FL.Gov>; Guerra-Cynthia <Guerra-Cynthia@MonroeCounty-FL.Gov>; Brynn Morey<bmorey@monroe-clerk.com> Subject: Item T6 BOCC 04/15/2026 REVISED ITEM TITLE & BACKUP Good morning, Please be advised that the item title and backup for the T6 agenda item have been revised. "Approval to Renew Monroe County's Property Program Insurance policy for 2026-2027 at a total cost not to exceed $3,140,304.00" �,-,rrystaC crontez Executive Administrative Coordinator Monroe County Administrator's Office 1100 Simonton Street, Suite 2-205 Key West, FL 33040 2 Office: 305-292-4441 Cell: 305-850-8694 Courier Stop 41 Notary Public WWW uuM�u�rv_ uo ou.nt 6 PLEASE NOTE: FLORIDA HAS A VERY BROAD RECORDS LAW. MOST WRITTEN COMMUNICATIONS TO OR FROM THE COUNTY REGARDING COUNTY BUSINESS ARE PUBLIC RECORDS AVAILABLE TO THE PUBLIC AND MEDIA UPON REQUEST. YOUR EMAIL COMMUNICATION MAY BE SUBJECT TO PUBLIC DISCLOSURE. 3 COUNTY�7 Or MOI�TROE BOARD OF COUNTY COMMISSIONERS V 1\ 1 1V 't Mayor Michelle Lincoln,District The Florida Keys Mayor Pro Tem David Rice,District 4 Craig Cates,District 1 James K.Scholl,District 3 Holly Merrill Raschein,District 5 Regular Meeting April 15,2026 Agenda Item Number: {{section.number}}{{item.number}} 26-0772 BULK ITEM:No DEPARTMENT:Risk Management TIME APPROXIMATE:N/A. STAFF CONTACT:Gaelan Jones AGENDA ITEM WORDING: Approval to Renew Monroe County's Property Program Insurance policy for 2026-2027 at a total cost not to exceed`$3.;p 40.�04.00,;3,679,92.9,.00, ITEM BACKGROUND:The Blanket and Parametric policies provide replacement cost value coverage for County buildings,contents,and specified tangible property such as communications towers and portable equipment.Monroe County's current property insurance coverage expires May 1, 2026.This item seeks to renew coverage Mih�nnc ne asecp,._�9.mi: s for 2026-2027 at a total cost not to exceed$3�p40 04:00,3,679,92.y Ann:op4oi 4ec-patios enlrnne.nnn��pfl increase windstorm coverage limits from$5M to$10M is Aso lrnes nnedp al a noUd nmA to exceed coM of`0,679,929 00.`°rh:,mld 1 (" ' hiec'I 9,bsk Management nrn nencw pan )pcnly nnsuan acne Ww th flanghea ,wnndslo nn fnnon,na hudgel aannerod&on n wisp he necpuunc dl.An en0nnenn_nen nene�v exnsfiilg c nvenung c Mih s_m Mildstomn pnmins is Aso pt esennedp, Mih sa nen A aiiiuuun ern emiuunn aril'`s"3,p 0_0,"300 00 The current insurance program is comprised of a primary Blanket Policy($50M limit segregated into 3 layers of coverage-$SM Windstorm;$5M Excluding Windstorm&Flood;and$40M Excluding Windstorm,Flood,Earthquake).The expiring policy premium was$2,970,500.00 for a Countywide Total Insured Value(TIV)of$319,865,653.The TIV for the 2026-27 policy year will be $419,688,448,a 30.34%increase from the 2025-26 TIV.The increase in TIV is driven primarily by the inclusion of an additional$100M of insured value for the renovated terminal at Key West Airport. Starting in the 2026-27 policy year,Key West and Marathon Airport properties have been broken out into a separate subpolicy carrying an independent`s`>M windstorm limit. pay exenenspngn the opfi tin W n ene�v ihis pop Cy Mih`s p OM Mildpsdon m pnmins,Airport will pay a premium of $916,060 00a 060,856 00,which is included in the total cost of this item.Additionally,a Parametric Policy provides supplemental windstorm coverage up to$5M,with policy limits determined by the geographic path and strength of the windstorm event.Supplemental windstorm coverage with a substantially lower deductible is maintained through Citizens on some certain eligible buildings,the cost of which is approved by BOCC on a separate item. "- Formatted:Indent:Left: 0`,First line: 0" PREVIOUS RELEVANT BOCC ACTION:April 16,2025,BOCC approved to renew Property& Boiler&Machinery Insurance policies. INSURANCE REQUIRED:No. CONTRACT/AGREEMENT CHANGES:N/A. STAFF RECOMMENDATION:Approval of Property Insurance Renewal al 4 uuu=ke n t 9Ioficy l.nnaitsM la.hlcn cascd`klnadlstomn l.nm s DOCUMENTATION: Proposed Renewal Program Structure 2026-27 FINANCIAL IMPACT: Effective Date:5/1/2026 Expiration Date:5/1/2027 Total Dollar Value of Contract:Not to exceed$3,140,304 006°72,2 . Total Cost to County:Not to exceed$3,140,304 0067 ,,2 . Current Year Portion:Not to exceed$3,14 0. 344••,Qlt1(B Z.�,M- Budgeted:Yes. Source of Funds: SC 00054 CC 08502. CPI:N/A Indirect Costs: Estimated Ongoing Costs Not Included in above dollar amounts: Revenue Producing:No If yes,amount: Grant:N/A County Match:N/A Insurance Required:No