R2018-078 2018-04-23 RESOLUTION NO. R2018-78
A Resolution of the City Council of the City of Pearland, Texas, approving
Windstorm and Wind Driver Rain Insurance through AmRisc Carriers in the
respective amounts of $520,590.00 and $15,750.00 for the period of May 26,
2018 to May 25, 2019.
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
Section 1. Pursuant to Chapter 252 of the Local Government Code the City obtained
Windstorm Insurance pricing to cover City facilities.
Section 2. That, pursuant to Section 252.022 of the Texas Local Government Code,the
purchase of Windstorm Insurance is necessary to protect and preserve the public safety of the City's
residents.
Section 3. That the City Council hereby awards a contract for Windstorm Insurance to
AmRisc Carriers in the amount of$520,590.00.
Section 4. That the City Council hereby awards a contract for Wind Driven Rain
Insurance to AmRisc Carriers in the amount of$15,750.00.
Section 5. The City Manager or his designee is hereby authorized to execute a contract
for the purchase of Windstorm Insurance and Wind Driven Rain Insurance.
PASSED, APPROVED and ADOPTED this the 23rd day of April, A.D., 2018.
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TOM REID
MAYOR
ATTEST:
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APPROVED AS TO FORM:
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DARRIN M. COKER
CITY ATTORNEY
R 2.01
Victor O.Schinnerer&Company,Inc.
Windstorm&Hail Proposal
PROPOSAL ACCEPTANCE FORM
This form must be signed and returned to Victor O. Schinnerer&Company,Inc.no later than 5/25/2018
Please Return To:
Victor O. Schinnerer&Company,Inc.
3100 Wilcrest Drive,Ste 200
Houston,TX 77042
Phone: (800)284-4747
Heena.A.Patel dSchinnerer.com •
PREMIUM PAYMENT
Windstorm & Hail Coverages Accepted
Annual Premium
• Selection Limit Deductible (zus year of term)
Wind Driven $500,000 1%
Rain Per Occurrence/Annual of TIV affected by loss(subj. $15,750.00:
Aggregate to$25k min.)
Wind Driven
$1,000,000 1%a.
Rain Per Occurrence/Annual of TIV affected by loss(subj. $26,250
A :re_ate -- -to$25k min.) ._--
$25,000 (primary)
I I AmRisc& per named storm $523,373
Lloyds of London $202,059,997 with$10,000 (deductible (includes Wind Driven Rain
@$250,000/1%deductible)
bu -down)
$25,000 (primary) $520,590
.,I AmRisc $202,059,997 per named storm (includes Wind Driven Rain
@$250,000/1%deductible)
By accepting this proposal,you acknowledge and understand a minimum policy premiums may apply, you
have met all eligibility requirements regarding flood coverage at certain locations and you have reviewed the
windstorm location's schedule and are in agreement with the locations and limits used in this proposal.
I,the undersigned,as an authorized representative of:
City of Pearland
do hereby accept on behalf of the above named political
subdivision the portions of the proposal as indicated above.
Sit tur: •f thorized
Official:
Title: r
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Date: ha t, I .2-6) 1 c) t9
April 12,2018 Page 1 of 1