State of Connecticut Property Insurance Program

1. State of ConnecticutProperty Insurance Program NPMA YANKEE CHAPTER PRESENTATION September 26, 2013

2. PROPERTY INSURANCE PROGRAM GENERAL INFORMATION • Policy Dates – 10-15-13 to 10-15-14 • Perils Insured – All Risks of Physical Loss or Damage except as hereinafter excluded • Territory - USA, Canada and Puerto Rico • Total Insurable Values - $14.0 billion • Policy Limit - $750,000,000 per occurrence

3. PROPERTY INSURANCE PROGRAM Description of Coverage or Peril Limit of Liability Real & Personal Property $750,000,000 and sub limits Earth Movement $250,000,000 per occurrence and aggregate Wind (Named Storm) $250,000,000 per occurrence and aggregate Additional Named Storm Wind $150,000,000 per occurrence Flood $100,000,000 per occurrence and aggregate not to exceed $25m for below grade basements

4. PROPERTY INSURANCE PROGRAM Description of Coverage or Peril State Capital State Library Accounts Receivable Valuable Papers Fine Arts Transit Debris Removal Limit of Liability $400,000,000 $146,000,000 $50,000,000 $25,000,000 $25,000,000 $10,000,000 Policy Limit ($5m for Norwich Hospital)

5. PROPERTY INSURANCE PROGRAM Description of Coverage or Peril Business Interruption Rental Insurance -University of Connecticut Computer System-Non Physical Damage Terrorism Limit of Liability $6.8 M for the Convention Center $100 K for Parking Garages $50 M $10 M combined with data, programs and software TRIA Coverage

6. PROPERTY INSURANCE PROGRAM DEDUCTIBLES Policy Deductible $250,000 per occurrence Computer Systems-Non Physical Damage Earth Movement Flood 48 Hours subject to a minimum deductible of $25,000 $1,000,000 per location $1,000,000 per location

7. PROPERTY INSURANCE PROGRAM DEDUCTIBLES Wind 2% per location subject to a minimum of $1,000,ooo wind deductible for Fairfield, Middlesex, New Haven and New London counties; 1% per location subject to a minimum of $1,000,000 wind deductible for Hartford, Litchfield, Tolland and Windham counties. Fine Arts $25,000 Scheduled Equipment and EDP $25,000

8. PROPERTY INSURANCE PROGRAM EXCLUSIONS/CONDITIONS Air Supported Structures Boiler & Machinery (Equipment Breakdown) Vehicles/Aircraft/Watercraft Currency, money Animals, growing crops Excluded Excluded Excluded Excluded Excluded

9. PROPERTY INSURANCE PROGRAM EXCLUSIONS/CONDITIONS Dams, dikes, tunnels, bridges, docks, piers, roads Vacant or unoccupied property Railcars, rail tracks Excluded Excluded Excluded

10. PROPERTY INSURANCE PROGRAM LOSS ADJUSTMENT VALUATION • Loss will be adjusted with settlement amount payable to the State of Connecticut • Actual Cash Value if property is vacant, unoccupied or not repaired within 2 years • Unless otherwise stated • Cost to repair • Cost to rebuild or replace with new material of like size, kind and quality

11. PROPERTY INSURANCE –FEMA REIMBURSEMENT • The Stafford Act Section 311(a) states that as a condition for receiving Public Assistance for permanent work, an applicant must obtain and maintain insurance to cover the damaged facility for the hazard that caused the damage.  Such coverage must, at a minimum, be in the amount of the estimated eligible damages for that facility prior to any reduction. 

12. AUTO PHYSICAL DAMAGE • $50,000 Deductible • Scheduled Vehicles ONLY • Claim Valuation – least of • Actual Cash Value (Replacement cost less depreciation) • Cost to repair the damaged vehicle • Scheduled value

13. BUILDING & CONTENT VALUE • Needed Information • Building Description • Street Address (including City and Zip Code) • Building Value • Content Value • Owned or Leased