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Indian River County Board of County Commissioners C:CORE36CY Per your request we approached three appraisal firms for updated appraisals and to obtain secondary COPE on the County's buildings. Below you will find a brief overview of what was received: Firm Description of Services Estimated Cost per Building Total Estimated Cost ASSETWORKS Re -Appraised Approximately 108 buildings, over $150,000 each (Valuation for Building/Structures, Modeling of Contents, COPE, GPS, Modeling of Contents, Flood Zones) $160 $17,280 Re -Appraised Approximately 123 buildings over $100,000 each (Valuation for Building/Structures, Modeling of Contents, COPE, GPS, Modeling of Contents, Flood Zones) $155 $19,065 Additional Buildings - Per above "cost per building" option chosen CBIZ Valuation of 69 buildings over $500,000 $15,000 Valuation of 35 buildings over $1,500,000 $10,000 DUFF & PHELPS Sampling of 29 buildings (Fire Stn, Courthouse, Health Dept, Main Library, Jail, Lift Station, Largest Water Treatment) $17,000 $17,000 This additional data will help with your model results and will assist the carriers in the future at providing the County with competitive rates. Overview of 2017 Property Renewal In 2016 the County has submitted a claim for Hurricane Mathew which currently exceeds the 40% loss ratio the rate agreement was subject to. The claim was still in its early stages during renewal negotiations and the adjuster was still collecting data to properly value the claim and evaluating coverage. As a result, we approached your incumbent markets early and they all agreed to the rate agreement in place. We also negotiated to extend the flat rate agreement to 2018 renewal subject to the 40% loss ratio. However the rate agreement was not applicable to the 2018 renewal due to 2017 and 2018 losses. Insurance I Risk Management I Consulting