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Indian River County Board of County Commissioners oosCORE360' Inland Marine — Vehicles over $100,000, Contractors Equipment, Rented & Leased Equipment and Golf Carts In 2017 we approached six markets on your behalf and received various declinations except XL. Markel, your incumbent offered a 7% rate decrease, and agreed to increase the loss limit from $15 million to $20 million. Markel agreed to remove the following "property not covered" from the Auto Physical Damage form: a. Property while being used or operated in other than "Fire Department activities;" b. Tires or Glass. In 2018 Markel offered a 1.22% rate increase as well as a rate agreement for the 19-20 renewal and they have agreed to offer a flat rate as long as one or more conditions in the agreement were not met. The County will need to continue the audit the current policy and the County will need to provide the rental expenditure for leased equipment. Terrorism Property, NCBR Property & Terrorism Liability including NCBR The County's Terrorism & NCBR policy covers all locations currently reported on your Property program, and inland marine schedule. The total insured value for this renewal is $402,525,974; a 1% exposure decrease. The NCBR Property Damage coverage and Terrorism Liability including NCBR terms and conditions are per expiring. The renewal premium is $17,807; a 5.2% decrease. The Terrorism Property Damage policy renewal premium is $8,729; an 8% decrease. The Terrorism policy will remain on the Vehicle A form which follows your all risk placement with sublimits that override the all- risk in respect to terrorism only. These sublimits include Claims Preparation, Transit, Seepage Contamination and Pollution / Clean-up, etc. The policy provides financial loss as a result of a threat, loss of attraction including non -damage to the insured out to a 2.5 mile radius from an insured location and denial of access including non -damage out of 2.5 mile radius from an insured location. In 2018 we negotiated a three year policy subject to a 5% rate decrease with annual installments subject to no losses or major reductions in exposure (20% increase in insured value.) Crime In 2018 we marketed your policy to Hanover and Travelers. The County decided to remain with Hanover and opted for another three year term with annual installments. The installment due at this time is $5,005. Exposure T Premium 1 Annual Rate 14-15 $ 14,816,005 $ 45,854 $ 0.3095 15-16 $ 19,531,041 $ 53,032 $ 0.2715 16-17 $ 21,970,630 $ 53,606 $ 0.2440 17-18 $ 22,973,220 $ 51,771 $ 0.2254 18-19 $ 25,088,873 $ 59,790 $ 0.2383 19-20 $ 29,592,882 $ 67,193 $ 0.2271 Change 17.95% 12.38% -4.71% The County will need to continue the audit the current policy and the County will need to provide the rental expenditure for leased equipment. Terrorism Property, NCBR Property & Terrorism Liability including NCBR The County's Terrorism & NCBR policy covers all locations currently reported on your Property program, and inland marine schedule. The total insured value for this renewal is $402,525,974; a 1% exposure decrease. The NCBR Property Damage coverage and Terrorism Liability including NCBR terms and conditions are per expiring. The renewal premium is $17,807; a 5.2% decrease. The Terrorism Property Damage policy renewal premium is $8,729; an 8% decrease. The Terrorism policy will remain on the Vehicle A form which follows your all risk placement with sublimits that override the all- risk in respect to terrorism only. These sublimits include Claims Preparation, Transit, Seepage Contamination and Pollution / Clean-up, etc. The policy provides financial loss as a result of a threat, loss of attraction including non -damage to the insured out to a 2.5 mile radius from an insured location and denial of access including non -damage out of 2.5 mile radius from an insured location. In 2018 we negotiated a three year policy subject to a 5% rate decrease with annual installments subject to no losses or major reductions in exposure (20% increase in insured value.) Crime In 2018 we marketed your policy to Hanover and Travelers. The County decided to remain with Hanover and opted for another three year term with annual installments. The installment due at this time is $5,005.