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Indian River County BOCC <br />Going forward, the deductible will be based as follows: <br />For the purposes of these deductibles, the following shall be considered a separate Unit of Insurance: <br />a. each separate building or structure <br />b. the contents of each separate building or structure <br />C. Personal Property in the open at each separate location <br />d. Time element arising from each affected building or structure <br />e. All other covered items <br />In the same scenario as above, if the building values are $3,000,000 and the contents values are $1,000,000, the <br />building and contents will have their own separate deductible. Therefore, if only the building was damaged, the <br />deductible is based on the $3,000,000 value versus the total value of the location or $4,000,000. This is intended <br />to lower the County's deductible overall deductible when the deductible is applied on a per unit of insurance event <br />such as a Hurricane for Flood event. <br />7.) PML Report — Below please find the latest PML report for the County's exposures: <br />Analysis Summary <br />Hurricane (Incl Storm Surge) <br />Indian River County BOCC has approximately $352 Million in values exposed to hurricane related <br />events in the State of Florida. Figure 1-1 illustrates the probability of ground up losses exceeding <br />various amounts due to one event in a given year, as described by the Occurrence Exceedance <br />Probability (OEP) The 250yr event loss probability is commonly used by the insurance marketplace as <br />a gauge for insurance pricing. <br />Arthur J Crallagber Risk Management Services, Inc. <br />Page 4 181 <br />1 <br />000 <br />7 <br />S64,820.164 <br />0.20% <br />5500) <br />562,869.6142 <br />I $57.831.200) <br />S50,731,970 <br />I 546,034,196 <br />0.40% <br />250 <br />542,341,179 <br />$37,318.951 <br />$34.333,563 <br />$30,278,023 <br />1.00%100 <br />521.587,941 <br />$16.583.699 <br />517.397.969 <br />514.328.240 <br />2.00% <br />50 <br />511,315,823 <br />56,329,675 <br />58.367.573 <br />56.011,466 <br />5.00% <br />20 <br />$4.262.335 <br />52.286.555 <br />$1.743.830 <br />$212.320 <br />AAL <br />$1.034.980 <br />5760.704 <br />5687.059 <br />$518.800 <br />Arthur J Crallagber Risk Management Services, Inc. <br />Page 4 181 <br />