Loading...
2022 Earthquake Ins Extension - Feb-Mar 2022INVOICE INVOICE # ACCOUNT # 572047 LAQUINT-02 INVOICE DATE BALANCE DUE ONRemit to: NFP Property & Casualty Services, Inc. 2/2/2022 2/2/2022NFP P & C WEST PO BOX 840803 Los Angeles, CA 90084-0803 AMOUNT PAID AMOUNT DUE $13,989.34 Phone: (714) 505-5550 City of La Quinta Payment Options 78-495 Calle Tampico La Quinta, CA 92253 1. Mail check to: NFP Property & Casualty Services, Inc. See Remittance Address Above 2. Pay On-line at: https://nfp-wes.epaypolicy.com Note: ePay charges a fee for on-line pay services. 3. Pay via ACH or Wire, see instructions below. Premium due upon receipt or by the due date shown, whichever is later. Wire or ACH Transfer: Account Name:NFP Property & Casualty Services Inc Routing:121000248 Bank Name:Wells Fargo Bank Checking Account:4964972301 Bank Address:420 Montgomery Street, San Francisco, CA 94104 Bank Swift:BIC WFBIUS6S (International) Please include the invoice number to help us identify the incoming wire. Carrier:Lloyds Syndicate 2623 (Beazley Furlonge Limited) Policy Period:2/7/2021 to 3/9/2022 POLICY TYPE POLICY NUMBER EFF. DATEEFF. DATE DESCRIPTION AMOUNT Earthquake - Commercial W14D19210801 2/7/2021 Endorsement for Extension of Policy to 03-09-22 $13,549.00 Earthquake - Commercial W14D19210801 2/7/2021 Surplus Lines Tax $406.47 Earthquake - Commercial W14D19210801 2/7/2021 Stamping Fee $33.87 TOTAL INVOICE BALANCE: $13,989.34 Overnight Lockbox Service: 840803, ATTN: NFP P & C WEST, 3440 FLAIR DRIVE, El Monte, CA 91731 2/2/2022 Servicing Office: NFP, 1551 North Tustin Avenue, Suite 500, Santa Ana, CA 92705 Page 1 of 1 For informational purposes only. This document does not amend, extend, or alter coverage. Please refer to any actual policy(s) for specific terms, conditions, limitations, and exclusions. P&C Insurance Services provided through NFP Property & Casualty Services, Inc.. Doing business in California as NFP Property & Casualty Insurance Services, Inc. (License # OF15715). LA&H Insurance Services provided through NFP Corporate Services (NY), LLC. Doing business in California as NFP Corporate Insurance Services, LLC (License # OF44161). Both entities are subsidiaries of NFP Corp. (NFP). SPRJU1 Monika Radeva $13,989.34 504-1010-60447 N/A Earthquake Ins.for Feb-March 2022 Monikaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa Radevvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvvaaaaaa 504-1010-6666666666666660404040404404040404044404040404040440404440404040440404044040404000000000000000000000000000000047 Remit to: NFP Property & Casualty Services, Inc. NFP P & C WEST PO BOX 840803 Los Angeles, CA 90084-0803 Wire or ACH Transfer: Overnight Lockbox Service: 840803, ATTN: NFP P & C WEST, 3440 FLAIR DRIVE, El Monte, CA 91731 ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. Page 1 of 1 26-Jan-2022cc Policy Number: W14D19210801 Endorsement Number: 2 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Insured: City of La Quinta Endorsement Effective: 07-Feb-2022 at 12:01 a.m. standard time at the Insured’s address shown on the Declarations page of this policy. This endorsement attaches to and forms part of the above referenced policy issued by certain Underwriters at Lloyd’s, London. It is agreed that this policy is extended to expire on March 9, 2022. The premium(s) payable for this change endorsement is: $ 13,549 Policy Premium $ Declined Certified Acts of Terrorism Premium $ N/A Equipment Breakdown Premium $ N/A Inspection Fee(s) $ 13,549 Total Additional Term Premium for above stated change. * * *A Processing Fee of 3.25% *A Processing Fee for an is added to the transaction ACH Transaction of any amount. size is a flat $3.00 Fee 1321634_1 Page 1 of 3 BINDER ISSUED: 08-Feb-2021 Terra Mullins AmWINS Insurance Brokerage of California - Irvine, CA 2010 Main Street Ste 700 Irvine, CA 92614 BINDER We are pleased to offer the following Binder for the above captioned account as per the quotation dated 08-Feb-2021. Policy Number: W14D19210801 Renewal of:W14D19200701 Insurer:Syndicate 2623/623 at Lloyd's. Beazley Lloyd's Syndicate 2623 - 82% Beazley Lloyd's Syndicate 623 - 18% Unique Market Reference: B6012BUSA21 Insured's Name:City of La Quinta Insured's Address:78-495 Calle Tampico La Qunita, CA 92253 Location(s):78-495 Calle Tampico La Quinta, CA 92253 As per schedule on file with Underwriter Policy Period: From: 07-Feb-2021 To:07-Feb-2022 Both dates at 12:01 a.m. Standard Time at the Insured’s Address Limit Peril(s)Coverage(s) $10,000,000 Each Occurrence and in the Annual Aggregate in respect of Earthquake Earthquake Real Property Personal Property Valuable Papers Electronic Data Processing Media Business Income Extra Expense Rental Income Ordinance or Law - Undamaged Portion (Cov A) Location: All/All $2,500,000 Sub-Limit Ordinance or Law - Demolition (Cov B) and Increased Cost of Construction (Cov C) combined Location: All/All 1321634_1 Page 2 of 3 Deductible Peril(s) 10.00 % Values Per Unit of Insurance $25,000 Minimum Per Occurrence Earthquake Coinsurance Valuation Coverage(s) Nil Replacement Cost Real Property Personal Property Nil Actual Loss Sustained Business Income Extra Expense Rental Income Total Insurable Value:$70,003,939 Premium:$179,400 Min. Earned Prem.%:25 % T.R.I.A.:Declined Inspection Fees:$300 Binder Comments:Contingent Tax Revenue Endorsement included as expiring. Business Income includes Bond Rental Income. Conditions:Ordinance or Law coverage included for loss to the undamaged portion of the Building (Cov A)within the limit of insurance applicable to Real Property (FS C 488). FS C 494:Optional Valuation,Section 9.is amended to show Replacement Cost applies to Real Property and Personal Property. FS C 494: Limits of Insurance , Section 7. Item B. is deleted in it's entirety. Forms and Endorsements Effective at Inception: LMA3102B (amended) Lloyd's Certificate FS C 422 01 13 General Cover Declarations Page FS C 426 12 12 Supplemental Declarations Page FS C 424 Schedule of Forms and Endorsements FS C 494 05 17 Beazley Earthquake Policy FS C 493 10 12 Statement of Deductible for Earthquake and/or Flood if Covered By This Policy FS C 513 06 13 Time Element Endorsement to Beazley Earthquake Policy USES0114-004 Contingent Tax Revenue Interruption Extension FS C 488 10 12 Ordinance or Law Endorsement FS C 500 10 12 Valuable Papers and Records Extension LMA5393 Communicable Disease Endorsement LSW1135B Lloyd's Privacy LMA3100 Sanction Limitation and Exclusion Clause LMA5390 TRIA Not Purchased Clause Subjectivities: 1321634_1 Page 3 of 3 1.Favorable Inspection by Beazley E&S within 45 days of inception and Compliance to Recommendations as Applicable. 2.Inspection contact name and phone number due within 14 days of binding COMMISSION PERCENTAGES SHOWN ARE FOR DIRECT COMMISSION ONLY AND DO NOT INCLUDE ANY APPLICABLE CONTINGENT COMMISSION OR OTHER FORMS OF COMPENSATION. THIS RISK IS BOUND ON THE BASIS SHOWN ABOVE.IT DOES NOT NECESSARILY PROVIDE THE TERMS AND/OR COVERAGES REQUESTED.WE ARE NOT RESPONSIBLE FOR INACCURACIES ABOUT WHICH THE INSURED DOES NOT NOTIFY US OF IMMEDIATELY. THIS BINDER WILL BE TERMINATED AND SUPERSEDED UPON DELIVERY OF THE FORMAL POLICIES OR CERTIFICATES ISSUED TO REPLACE IT.IF THERE IS ANY CONFLICT BETWEEN THE TERMS AND CONDITIONS OF THIS BINDER AND THE TERMS AND CONDITIONS OF THE POLICY (OR CERTIFICATE),WHEN ISSUED,THE TERMS AND CONDITIONS OF THE POLICY (OR CERTIFICATE) SHALL GOVERN. THE SURPLUS LINES INSURERS (CERTAIN UNDERWRITERS AT LLOYD'S,LONDON)WITH WHICH THE COVERAGE IS BEING QUOTED ARE NOT LICENSED TO DO INSURANCE BUSINESS IN THIS STATE AND ARE NOT SUBJECT TO SUPERVISION BY THIS STATE.IN THE EVENT OF THE INSOLVENCY OF A SURPLUS LINES INSURER,LOSSES WILL NOT BE COVERED BY ANY STATE INSOLVENCY FUND.IF THIS QUOTE IS BOUND,THE POLICY MAY NOT BE SUBJECT TO ALL OF THE REGULATIONS OF THE SUPERINTENDENT PERTAINING TO RATES AND POLICY FORMS. Erich Jahnke Beazley Insurance Services CA License Number 0G55497 725 S. Figueroa Street, Suite 2050 Los Angeles, CA 90017 t: (818)409-3474 c: (818)389-7320 e: erich.jahnke@beazley.com ALL OTHER TERMS AND CONDITIONS REMAIN UNCHANGED. Page 1 of 1 07-May-2021cc Policy N umber: W14D19210801 Endorsement Number: 1 THIS ENDORSEMENT CHANGES THE POLICY. PLEASE READ IT CAREFULLY. Insured: City of La Quinta Endorsement Effective: 07-Feb-2021 at 12:01 a.m. standard t ime at the Insured’s address shown on the Declarations page of this policy . This endorsement attaches to and forms part of the ab ove referenced policy issued by certain Underwriters at Lloyd’s, London. It is agreed that the following location is deleted from the Schedule of Locations and Values on File with the Underwriter: Location Values & Coverages Reported 42-800 Washington St La Quinta, CA 92253 $ $ $ 5,074,000 125,000 330,000 Buildings Personal Property Business Income with Extra Expense and Rental Income The Total Insured Value for this policy has decreased by $5,529,000 to a new amount of: $64,474,939 . The Total Limit of Liability in any one occurrence for all above coverages combined remains unchanged . The premium(s) payable for this change endorsement is: $ 14,171 Policy Premium $ Declined Certified Acts of Terrorism Premium $ N/A Equipment Breakdown Premium $ N/A Inspection Fee(s) $ 14,171 Total Return Term Premium for above stated change. California Premium: Non­Taxable Fees: Taxable Fees: Surplus Lines Tax: Stamping Fee: ($14,171.00) ($ 425.13) ($ 35.43) 1 Monika Radeva From:Monika Radeva Sent:Monday, February 7, 2022 7:31 AM To:AP; Rosemary Hallick; Claudia Martinez Cc:Laurie McGinley; Monika Radeva Subject:LQ Earthquake Policy #W14D19210801 - 2022 Feb-March Extension - Endorsement and Invoice Attachments:2022 LQ Earthquake Ins Feb-Mar Extension to 2022-03-09.pdf Importance:High Good morning, Attached please find an invoice for NFP due immediately which extends the City’s Earthquake Insurance coverage from 2/7/22 to 3/9/22 – the City was not able to obtain market quotes for the upcoming year timely before the policy expired, so we are extending coverage through the current insurance carrier for a month to allow us to go through the renewal process and properly vet all available options to the City, while maintaining proper coverage. Please let me know if you need anything further from me on this to issue payment. Thank you. Monika Radeva, CMC | City Clerk City of La Quinta 78495 Calle Tampico, La Quinta, CA 92253 Tel: (760) 777-7035 MRadeva@laquintaca.gov From: Spriggs, Julie <julie.spriggs@nfp.com>   Sent: Wednesday, February 2, 2022 12:52 PM  To: Monika Radeva <mradeva@laquintaca.gov>  Subject: City of La Quinta ‐ Earthquake Policy #W14D19210801 ‐ Endorsement and Invoice  Importance: High    ** EXTERNAL: This message originated outside of the City of La Quinta. Please use proper judgement and caution when opening  attachments, clicking links or responding to requests for information. **    Hi Monika,    Attached you will find Endorsement that amends your policy by extending the expiration date to 03‐09‐22.  This  Endorsement forms a part of your policy and should be attached to it.      Please take a minute to review the Endorsement and let us know if you should find any discrepancies.     The Endorsement generated an Additional Premium of $13,989.34.  I have attached the invoice.    NFP has the following options available for payment:  1. Mail check to NFP Property & Casualty Services, Inc. (address is highlighted on the top of the NFP Invoice)  2. Pay On‐Line – Epay/PayNow  (If you would like to pay on credit card or by ACH.  I have attached a flyer with the  information.  You can click on the PayNow button below and it will take you directly to the link)  3. Wire or ACH Transfer (Instructions are highlighted in the middle of the NFP Invoice)  2 4. Overnight Payment (Address to overnight the payment to NFP is highlighted on the bottom of the NFP Invoice).    Please remit payment to NFP upon receipt of this email and confirm when/how payment was made.    If you have any questions, please let me know.      Sincerely,    Julie    Julianne J. Spriggs Account Executive, CISR NFP Property & Casualty 400 South Farrell Dr., Ste. B170, Palm Springs, CA 92262 P: 714.617.2328 I F: 760.325.7509 | julie.spriggs@nfp.com | nfp.com     ***IN OBSERVANCE OF PRESIDENTS’ DAY, OUR OFFICE WILL BE CLOSED ON MONDAY, FEBRUARY 21ST. **As a reminder and for our mutual protection, coverage cannot be bound or modified via voicemail or email until confirmed in writing by one of our insurance specialists** Insurance services provided by NFP Property & Casualty Services, Inc. (NFP P&C), a subsidiary of NFP Corp. In California, NFP P&C does business as NFP Property & Casualty Insurance Services, Inc. License #0F15715 This e-mail may contain information that is privileged, confidential or protected under state or federal law. If you are not an intended recipient of this email, please delete it, notify the sender immediately, and do not copy, use or disseminate any information in the e-mail. Any tax advice in this email may not be used to avoid any penalties imposed under U.S. tax laws. E-mail sent to or from this e-mail address may be monitored, reviewed and archived.