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<br />e Example 2 <br /> <br />FLOOD INSURANCE COVERAGE/COSTS FOR <br />CONDOMINIUMS IN MULTI-STORY BUILDINGS <br /> <br />CURRENT INDIVIDUAL DWELUNG POUCIES VERSUS <br />CONDOMINIUM MASTER POLICY <br />(Regular Program, Post-FIRM Construetion, Zones AI -AlO, Lowest Floor At BFE, No Basement) . <br /> <br /> . CURRENT CONDOMINIUM <br /> DWELLING POllCY MASTER POllCY <br /> (ACTUAL) (ESTIMATES) <br /> . AMOUNT OF COVERAGEIUNIT $70,000 $70,000 $70,000 <br /> . NUMBER OF UNlTS 100 <br /> . AMOUNT OF COVERAGElBLDG. $7 MIlLION $7 MIlLION $7 MIlLION <br /> . RATES $.33/.06 1 $.35/.Q7 . <br /> D.P.- Single Family 450 x $.33 = $149 <br /> C. M. P.- Other Residential! 1,300 x $ .35=$ 455 <br /> Single Family 250 x $.06 = $ 15 68,700 x $ .07 = $ 4,8091 <br /> . PREMlUM- UNIT/BUlLDING $164. $ 5,264 <br /> e I' EXPENSE CONSTANT* $45/UNIT $45/ <br /> BUILDING <br /> . lOTAL PREMlUM- UNIT/BUlLDING $209 . $ 5,309. <br /> . FEDERAL POLICY FEE $25 $ 25 <br /> . TOTAL PREPAID AMOUNT- UNIT/BUlLDING $234 I $ 5,334 I <br />I NUMBER OF UNITS xlOO N/A <br />. . lOTAL PREPAID AMOUNT $23,400 I $ 5,334 I <br /> . DEDUCTIBLE- UNIT/BUlLDING $5OO/UNIT x 100=$50,000 $ 500 <br /> <br />NOTE: Covemge is in hundreds of dollars; e.g., 450 represents 45,000. <br /> <br />. NET SAVINGS/BENEFIT TO TIlE ASSOCIATION <br /> <br />e <br /> <br />. ANNUAL lOTAL <br />PREPAID AMOUNT <br />. LOWER DEDUCTIBLE! <br />INCREASED COVERAGE <br />AT NO ADDmONAL COST <br />. BOARD FIDUCIARY <br />RESPONSIBILITY MET <br />. NET BENEFIT TO TIlE PRODUCER/WYO COMPANY . ONE APPLICATION FORM <br />. ONE POLICY <br />. ONE DECLARATIONS PAGE <br />. ONE SET OF NOTICES <br /> <br />$49,500 <br /> <br />$18,066 I <br /> <br />· Exptnse CIHISklIIIs will ""'" by -lor.... policies willi t/ftl:lJve dizk. 011 or ~r J01UIIJJ'y I, 1993, tllldlor renewal poIicie. willi eff<<tJve I <br />dtJInOll or~rMatr:h 1,1993 (_ RATE 15). <br /> <br />October 1992 <br /> <br />CONDO 15 <br />