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Department of Management Services

Miscellaneous Property Insurance

STATE OF FLORIDA

MISCELLANEOUS PROPERTY INSURANCE

UNDERWRITTEN BY: XL Specialty Insurance Company (XL CATLIN)

BROKERED BY: Arthur J. Gallagher Risk Management Service, Inc.

CURRENT CONTRACT PERIOD: August 08, 2017 through August 08, 2021

The Department of Management Services, Division of State Purchasing purchases and administers this policy.  The outline of coverage provided herein is an overview; please refer to the insurance policy for specific information. Please direct all questions relating to this policy to Jill Soderberg, State Purchasing at (850) 488-7996 or via email at: Jill.Soderberg@dms.myflorida.com

DESCRIPTION OF ELIGIBLE PROPERTY:

Scheduled Property includes unique items such as theatrical costumes, musical instruments, fuel provers, and radiation detection equipment. 

Radio and television transmitting and receiving equipment is also eligible for coverage. 

The Broker / Underwriter must approve all items for coverage before being added to the policy schedule by submitting an application for coverage.  This form can be located at the end of this webpage.

DESCRIPTION OF COVERAGE:

COVERAGE EXTENSIONS

Additional Debris Removal Expenses            25% / $50,000

SUPPLEMENTAL COVERAGES

Newly Acquired Property                               $ 100,000

Pollutant Cleanup and Removal                     $   25,000

Expediting Expense                                        $   25,000

Fire Department Service Charge                     $   25,000

Fire Protection Systems                                  $   25,000

Loss Adjustment Expense                              $     5,000

Reward Coverage                                           $     5,000

LIMIT OF INSURANCE:

  • $2,500,000 for any one covered location and occurrence subject to $150,000 maximum for any one item (greater limits are subject to underwriter approval).

DEDUCTIBLE:

  • $100 for losses under $2,500
  • $500 for losses $2,500 or more

VALUATION:

  • Actual Cash Value
  • The cost of reasonably restoring that property to its condition immediately before loss or damage; or
  • The cost of replacing that property with substantially identical property.

In the event of loss or damage, the value of property will be determined at the time of loss or damage.

RATES: (per $100 of insured value) 

  • Scheduled Property                                               $ 0.166
  • Radio and Television Towers and Equipment            $ 0.211

QUARTERLY REPORTING CONDITIONS:

This policy requires that each Named Insured provide quarterly values and inventories of items insured.  Policy premiums are adjusted annually.  The final policy premiums are determined by post policy audit conducted at the Broker/Insurer’s convenience.  Additional premiums may be assessed or portions of unused premiums refunded.   

Due Date Policy Period Quarter Reporting Period
November 8 1st Q August 8 –   November 7
February 8 2nd Q November 8 –   February 7
May 8 3rd Q February 8 –   May 7
August 8 4th Q May 8 –   August 7

Email quarterly reports to:  SPInsuranceReports@dms.myflorida.com .

NOTE:  The Insurer may examine and audit books and records as they relate to this policy at any time during the policy period and up to three years afterward.

FORMS:

Application for Coverage (Microsoft Word Document 171.50 KB)

Certificate of Insurance Request Form (Microsoft Word Document 103.50 KB)

Claim Form (Microsoft Word Document 209.50 KB)

Contact Information

Please direct any questions regarding the insurance coverage program to Jill Soderberg at jill.soderberg@ dms.myflorida.com.