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<br />Example 1 <br /> <br />e <br /> <br />FLOOD INSURANCE COVERAGE/COSTS FOR <br />CONDOMINIUMS IN MULTI-STORY BUILDINGS <br /> <br />CURRENT INDIVIDUAL DWElLING POLICIES VERSUS <br />CONDOMINIUM MASTER POLICY <br /> <br />I (Regular Program,l'rt-F/RM COlIStruction, Zone A, No BaMlment) <br /> <br />. AMOUNT OF COVERAGFJUNIT <br /> <br />. NUMBER OF UNrI'S <br /> <br />. AMOUNT OF COVERAGElBLDG. <br /> <br />. RATES <br />D.P.- Single Family <br />C. M. P.- Other Residential/ <br />Single Family <br /> <br />. PREMIUM- UNlT/Bun.DING <br /> <br />I. EXPENSE CONSTANT" <br /> <br />CURRENT <br />DWELLING POLICY <br />(ACTUAL) <br />$70,000 $70,000 <br />100 <br />$7 Mll.UON $7 MILLION <br />$.55/.17 <br />450 x $.55 = $248 <br />2SOx$.17=$ 43 <br />$291 <br />$45/UNlT <br /> <br />. TOTAL PREMlUM- UNlT/Bun.DING <br />. FEDERAL POLlCY FEE <br />. TOTAL PREPAID AMOUNT- UNlT/Bun.DING <br />. NUMBER OF UNrI'S <br /> <br />$336 <br />$25 <br />$361 <br />xl00 <br /> <br />. TOTAL PREPAID AMOUNT <br />. DEDUCIlBLE- UNlT/Bun.DING <br /> <br />$36,100 <br />$5001UNIT x 100=$50,000 <br /> <br />NOTE: Coverage is in hundreds of dollars; e.g., 450 represents 45,000. <br /> <br />CONDOMINIUM <br />MASTER POLICY <br />(EST/MATES) <br />$70,000 <br /> <br />. <br /> <br />. <br /> <br />$7MILL10N <br />$.55/.18 . <br />1,300 x $.55 = $ 715 <br />68,700 x $ .18 = $ 12,366 I <br />$ 13,081 <br />$45/ <br />Bun.DING <br />$ 13,126 I <br />$ 25 <br />$ 13,151 I <br />N/A <br />$ 13,151 I <br />$ 500 <br /> <br />e <br /> <br />. <br /> <br />. <br /> <br />. ANNUAL TOTAL <br />PREPAID AMOUNT <br /> <br />. LOWER DEDUCIlBLE,I <br />INCREASED COVERAGE <br />AT NO ADDmONAL COST <br /> <br />. BOARD FIDUCIARY <br />RESPONSmILlTY MET <br /> <br />. NET BENEFIT TO THE PRODUCER/WYO COMPANY . ONE APPLICATION FORM <br />. ONE POLlCY <br />. ONE DECLARATIONS PAGE <br />. ONE SET OF NOTICES <br /> <br />. NET SAVINGS/BENEFIT TO THE ASSOCIATION <br /> <br />$22,949 . <br /> <br />$49,500 <br /> <br />.* ExptMt CorISIllII/.J will voryl1y-for- po&ia will..Jfldive doles 011 Of' tjIe JfJ/I/JIJ/'Y 1, 1993, /WIlor renewal po&~.willl ejfective <br />dok. OIlOf'tjIe Man:A 1, /993 (st< RKfE 15). <br /> <br />e <br /> <br />CONDO 14 <br /> <br />October 1992 <br />