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Agenda Packet_2025-08-05
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Agenda Packet_2025-08-05
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7/30/2025 5:11:00 PM
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Agency
Clerk of the Council
Date
8/5/2025
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<br />City of Santa Ana <br />Excess DIC - $5M xs $10M <br />Carrier Information Proposed <br />Policy Term 7/1/2025 - 7/1/2026 <br />Carrier / A.M. Best Rating / Admitted/Non- <br />Admitted Mt Hawley Insurance Company (A+ XIV, Non-Admitted) <br />Lloyd's Synd 1458 (RenaissanceRe Synd) (A XV, Non-Admitted) <br />Payment Plan In Full <br />Payment Method Agency Bill <br />Premium & Exposures <br />Premium <br />Proposed <br />$210,000.00 <br />$6,315.00Surplus Lines Tax <br />Stamping Office Fee <br />Carrier Fees - Catastrophe Analysis Fee <br />Exposure / TIV <br />$378.90 <br />$500.00 <br />$777,575,467 <br />0.0270Rate <br />Minimum Type Minimum Earned Premium <br />35 %Minimum Amount / Description <br />Estimated Cost $217,193.90 <br />Standard Coverages Proposed <br />All Coverages Combined $5,000,000 Excess of $10,000,000 per occurrence <br />- Subject to an Annual Aggregate of for the <br />Perils of Earth Movement and Flood, Applied <br />Separately <br />$5,000,000 <br />Deductibles/SIR Proposed <br />5.00% of the TIV Per Unit (Including Time Element if Applicable) at the <br />Time of Loss or DamageDeductible - Earth Movement <br />Deductible - Earth Movement <br />Deductible - Flood <br />- Subject to a Minimum of $100,000 Per Occurrence <br />2.00% of the TIV Per Unit (Including Time Element if Applicable) at the <br />Time of Loss or Damage <br />Deductible - Flood - Subject to a Minimum of $100,000 Per Occurrence <br />Valuations Proposed <br />Replacement Cost <br />Actual Loss Sustained <br />Physical Damage <br />Time Element <br />Coinsurance <br />Coinsurance <br />Coinsurance <br />Proposed <br />N/A for Physical Damage <br />N/A for Time Element <br />Endorsements (including but not limited to) <br />Earthquake Coverage Form (2025 Version) <br />Definition of Occurrence <br />Earth Movement Coverage Endorsement <br />25 <br /> <br /> <br />City Council 15 – 29 8/5/2025
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