Specifications include, but are not limited to: PROPERTY INSURANCE A. LOCATIONS AND VALUES: Current schedule of coverage attached Current property value schedule attached See Schedule Blanket Buildings (100%) $210,358,016 Blanket Contents (100%) $31,788,989 Total Blanket Amount $242,147,005 Include a price with and without portable building coverage. An Option may also be included whereby the vendor also provides the District with several coverage options (i.e. less than 100% coverage). These options must be clearly marked as an option to the original specifications. B. COVERAGE CLARIFICATIONS: 1. Fire, Extended Coverage, Vandalism and Malicious Mischief, Debris Removal 2. All Risk – Building / Contents 3. Provide Replacement Cost for buildings and contents 4. Attach an Agreed Amount Clause endorsement. If not, provide a letter indicating you have reviewed the valued and that they meet the co-insurance requirements. 5. Provide a sixty (60) day notice of cancellation, no renewal of any material change in coverage. C. Premium Computation Please complete attached workbook. EQUIPMENT BREAKDOWN INSURANCE A. EQUIPMENT SCHEDULE(based on TIV of $175,439,403) B COVERAGE CLARIFICATIONS 1. Equipment owned by Mercedes ISD include coverage for: a. All owned equipment on a blanket basis b. All non-owned equipment. The Mercedes ISD may rent equipment to use for maintenance or other operations. Provide blanket coverage on the above equipment on an annual reporting-of-value basis with no co-insurance provisions. 2. All risk of direct physical loss or damage for any cause except as excluded. Attach a copy of your contract which will outline the conditions and exclusions that will be applicable. 3. Provide coverage on a Replacement Cost basis with no co-insurance clause applicable. 4. New acquisitions of owned and non-owned equipment are to automatically covered subject to a maximum of $250,000. C. PREMIUM COMPUTATIONS Please complete attached workbook.
