Clearwater Key Association-South Bay, Inc

Effective: 09/09/2025

Risk Management Proposal for:

PCS Insurance Group Inc. 3315 Henderson Blvd, Suite 200 Tampa, FL 33609 813-868-1010

PCS Insurance Group Inc | Confidential

2 Clearwater Key Association-South Bay, Inc

About PCS Insurance Group Pt hCeS fIansstue rs at ngcreo wG ri no ug pa igse an cpi reisv ai nt e tl yh eo ws tna et ed. , Of uul lr sfeorcvui sc eopnr ot hpee rqt uy ai lni tsyu roaf noc ue ra gc ae rnrci ye rasn, ds poencei foi cf mFloarrkideat pkrnoopwelretdygiensaunrdanhcigehinedthuisctarlys. tandards have earned us recognition as a leader in the Op ruorpdeiratgyn, ob sr ti ni cgai npgp rpoeaacche hoef lmp si nodu ra nc ldi ecnotns fti od ednect ee rtmo itnheo st he ewbheos tdion sbuursai nn ce es sc owvi et hr aoguerf oa gr et hn ec yi r. Wc o em bpirni ad tei o on uor fs et lavi leosr eodn i npsruorvai nd ci ne gc ot vheer ahgi eg.hPe Cs tS lheavse lbs e eonf bs ue ri lvt i coen adne dv e lfoi npdi ni ng gc ot mh em ri ti tgehdt ryeolua tai or en sthi ri epds wo fi twh oorukri negx iws ti itnhgac gl iaerndt es na-nv da rsi ee tl ey citni vs eulrya np cuer saugi enng cny e, ww el oi nn gv i tt ee rymo up at or t nf oerrgse. Iaf new relationship with PCS, the property specialists.

Clearwater Key Association-South Bay, Inc 3

Our Commitment Ac ot mPmC Si t mI ne snut raanndc ew eG pr or uo pv i, d seetrhvei chei gihs e shtolwe v ewl eo f sseetr voi cuer swe il tvhe si n taepgarri tt .y . OWu er t calki eenpt rs i daer ei n ot hu er qt ou ae lsittaybol if sohulropnrgotdeur cmt sraenl adt itohne sphei pr ssown ai tlhi z oe ud rs ec lriveinc tes wa ne do fmf ear i. nTthaiisn aap lporyoaal cghr ho ua sp aol fl o“wA ”e dr aPt Ce dS insurance carriers that have partnered with us year after year. At htePyC dS ewmeasnt rdi vaentdo hg ai vvee ael lvpe or yl i cryi ghhotl dteor se xt hp ee cmt . oAs ts cao mt eps teat mi t ievne tr at ot eos uarn dc ot mh emqiut ma l ietnyto, fPsCeSr vhi ca es earned Vendor of the Year recognition from many of our clients. Service Highlights:  Dedicated Community Association Service Team  COowmnperlimpoelnictyary unit owner coverage reviews: Explanation of Master policy vs. Unit  Less than 24 hr turn-around on certificate requests  Assistance with budget projections well in advance of renewal  We work throughout the claims process with each client who has experienced a loss

4 Clearwater Key Association-South Bay, Inc

Community Association Service Team Ap rl lo Pv iCdSi nI gn sau rwa enaclet hG or of ur pe scol ui ernc tess at roe saesrsvi eg nt eh de i tr onae et de as .m Yoof usrp teecai aml i swt si l wl ihnoc l aurdee daend iacsastiegdn et do Ae xc pc oe rutni st e Ei nx eCchuat ipvtee rw7 h1 o8 ri se qau iLr iecme ne snet ds , aCnodmamCul aniimt ys MT eaanma greera, day tPoe ar sdovnoac la tLei no ensy ot euarmb ewh ai tl hf . Oe xuprepr ireonf ec es s iaonnda l se xpprei dr tei steh etmo sme leveets oo nu re xc cl ieelnl et ns ’t isnesruvri caen, caen dn eaerdes .d eYdoiuc ra t eSde rtvoi cue s iTnega tmh e ii sr committed to anticipating and fulfilling your insurance needs . Ultimate accountability for your program is the responsibility of Anthony de la Torre. While a number of professional staff will be active with your account on a day -to-day basis, Anthony is responsible for meeting your expectations.

Condominium Service Team Members A n( t8h1o3n) y8d6e8 l- a1 0T 1o 0r r e adelatorre@pcsins.com Agent Ch(r8i1st3in) a86W8a-1g0go1n0er cwaggoner@pcsins.com EAx ceccouut invte ( 8S1u3s)i e8 6B8a -x1l e0y1 0 sbaxley@pcsins.com Claims Certificates Department (813) 868-1010 certificates@pcsins.com Certificates Position

Unit Owner Service Team Members

Position

( 8D1a3m) i8e n6 8B- o1y0l1e0 dboyle@pcsins.com UI nn istuOr awnnceer ( 8A1l3e)x i8s6R8o- 1l o0n1 0 arolon@pcsins.com UI nn istuOr awnnceer (81A3le) x8L6o8p-1e0z10 alopez@pcsins.com UI nn istuOr awnnceer (P8a1t3t i) M8 6c K8 -e1n0z1i e0 pmckenzie@pcsins.com UI nn istuOr awnnceer

Clearwater Key Association-South Bay, Inc 5

Property Location Schedule Ilding

Location Address 1501 Gulf Blvd $22,089,514 $11,100 Building Limit Contents 1501 Gulf Blvd $368,426 $59,100

Occupancy Condo – 64 Units Clubhouse Guardhouse Carports Swimming Pool Pool Deck, Composite Pool Deck, Concrete

$0 $0 $0 $0 $0

1501 Gulf Blvd 1501 Gulf Blvd $182,200 1501 Gulf Blvd $282,931

$26,967 $28,015 $26,728 $21,358

$0 Geothermal Heaters, 3 of 3

1501 Gulf Blvd 1501 Gulf Blvd 1501 Gulf Blvd TOTAL

$23,026,139

$70,200

Insurable Values are based on June 20 th , 2025 Appraisal

The following items are not eligible for property coverage through Frontline:  Trash Wall  Barrier Gate Arms

 Telephone Entry System  Pool Equipment Fencing

6 Clearwater Key Association-South Bay, Inc

Insurable Value Comparison

Location Address

2022 Appraisal Occupancy 1501 Gulf Blvd $19,373,322 $22,089,514 Condo – 64 Units 1501 Gulf Blvd $341,953 $368,426 Clubhouse 1501 Gulf Blvd $24,926 $26,967 Guardhouse 1501 Gulf Blvd $124,800 $182,200 Carports 1501 Gulf Blvd $25,500 $28,015 Geothermal Heaters, 3 of 3 1501 Gulf Blvd $108,800 $282,931 Swimming Pool 1501 Gulf Blvd $19,902 $26,728 Pool Deck, Composite 1501 Gulf Blvd $12,393 $21,358 Pool Deck, Concrete TOTAL $20,031,596 $23,026,139 2025 Appraisal

Insurable Value Increase of $2,994,543 (14.9%)

Clearwater Key Association-South Bay, Inc 7

Property Coverage

Carrier:

Frontline Insurance Unlimited BBB + Non Admitted Special Form, excluding Equipment Breakdown

KBRA:

Coverage:

$23,096,339 Replacement Cost Agreed Value

Limit of Insurance:

Valuation:

Coinsurance:

dAas mr easgpeedc tbsuti ol dNi nagm( se)d, pHeur rcrai cl eannde as :r 2y%e a or ,f stuhbe j ve ca tl ut eo oa f t h e mA lilnOi mt huemr Poefr$i l5s , 0- 0$ 50, 0p0e r0 opcecruor cr ec unrcree n c e e g g : & i I l n l c u o g d ( m e s) d b iinneBdusiuldbilnimg iLti:m2i.t5% of the value of the d C c i n d e e g a a b B A u

Deductible:

C d C a o o $10,000 a r r m v v e e

Ordinance or Law:

Sewer Backup:

8 Clearwater Key Association-South Bay, Inc

Equipment Breakdown

Carrier:

Travelers Excess & Surplus Lines

A++ Non Admitted Named Peril $23,144,937 Replacement Cost $5,000 per occurrence

AM Best Carrier Rating:

Coverage:

Limit of Insurance:

Valuation:

Deductible:

Coverage Highlights:  Cd ao mv eargs emc oa ut osre db ubryn oo pu et ,r aa tsohroer rt r- coirr, cwu iht ei cdh eal ce cc ot rui nc at sl sf oy sr t3e 5m%, oor f aa ml l ee qc hu ai pnmi c ea nl ft abi lrueraek. dCoowvne sr .s Also covers electrical arcing, mechanical breakdown, power surges, and centrifugal force.

Exclusion (included, but not limited to):  Mold

 Asbestos  Nuclear

 Terrorism  Pollution  Flood  Earthquake  Lightning  Elevator collision  Actual Cash Value applies to property 25 years or older

Minimum Earned Premium - 25%

Clearwater Key Association-South Bay, Inc 9

Coverage Form Explanations

Basic Form Perils -

Fire, lightning, explosion, windstorm or hail, smoke, aircraft or vehicles, riot, vandalism, sprinkler leaks, sinkhole and volcano

Broad Form Perils-

Basic Form Perils plus breakage of glass that is part of building, falling objects, weight of snow or ice and water damage

Special Form Perils-

Covers “all risks of physical loss” unless the policy specifically excludes or limits the loss.

Catastrophic Ground- Catastrophic Ground Cover Collapse coverage applies only when geological activity results in all of the following conditions:  Abrupt collapse of ground cover  A depression in the ground cover that is clearly visible to the naked eye  Structural damage to the building, including the foundation  Condemnation of the structure and order by government authorities that it be vacated

Ordinance and Law-

Coverage A:

Pays for loss of value of an undamaged portion of the existing

building which must be demolished and/or removed to conform with municipal ordinance, code, etc. Coverage B: Pays for the cost of demolition of the undamaged portions of the building necessitated by the enforcement of building, zoning, or land use ordinance or law. Coverage C: Pays for the increased expenses incurred to replace the building with one conforming to building laws or ordinances, or to repair the damaged building so that it meets the specifications of current building laws or ordinances.

10 Clearwater Key Association-South Bay, Inc

General Liability

Carrier:

Westchester Surplus Lines Insurance Co.

A++ Non Admitted Occurrence

AM Best Carrier Rating:

Coverage Form:

Limits of Liability: $2,000,000  Products/Completed Operations Included  Each Occurrence $1,000,000  Personal Injury & Advertising Injury $1,000,000  Medical Expense $5,000  Damage to Premises rented to you $100,000  Hired/ Non-Owned Auto $1,000,000 Deductible: $500 Per Claim Schedule of Hazards:  General Aggregate

Description Condominium Units Swimming Pools Clubhouse

64 1 1

Exposure

Exclusions (included, but not limited to):  Employment Related Practices  Terrorism  Nuclear  Firearms  Pollution  Liquor Liability  Professional  Animals  Mold  Asbestos Minimum Earned Premium - 25%

Clearwater Key Association-South Bay, Inc 11

Crime

Carrier:

Continental Casualty Company

A Admitted Discovery

AM Best Carrier Rating:

Coverage Form:

Coverage:  Employee Dishonesty $600,000  Forgery or Alteration $600,000  Inside the Premises $600,000  Outside the Premises $600,000  Computer Fraud $600,000  Social Engineering $100,000 Deductible:

$2,000 per claim MD iar ne ca tgoerms ea nn td CTormu sptaene ys Non-Compensated Officers

Covered Employees:

 Per Florida Statute, “The association shall maintain insurance or fidelity bonding of all persons who control or disburse funds of the association. The insurance policy or fidelity bond must cover the maximum funds that will be in the custody of the association or its management agent at any one time. As used in this paragraph, the term “persons who control or disburse funds of the association” includes, but is not limited to, those individuals authorized to sign checks on behalf of the association, and the president, secretary, and treasurer of the association. The association shall bear the cost of any such bonding.”

12 Clearwater Key Association-South Bay, Inc

Directors & Officers

Carrier:

Continental Casualty Company

A Admitted Claims Made $1,000,000 $10,000 per claim

AM Best Carrier Rating: Coverage Form : Limit of Insurance : Deductible:

Coverage Highlights:  Employment Practices Liability Included  Aorntyrcuusrtereesnti,npcalusdt,eodrafustiunrseurdeudlys elected or appointed directors, officers,  So pr ol euasseesd, ceommpml oi yt teeees mi necml ubdeerds ,avsoi lnusnutreeedr ss , e s t a t e s , e m p l o y e e s ,  Property management employees included as insureds  Defense Cost outside the Limit of Liability

Exclusions (included, but not limited to):  Cc aounsdeudc at ma tatghees i (ndsouer send’’ts adpi rpel yc tti oo nd et hf eant si es fcroasut ds uulnetni lt , sduicshh oc on ne sdtuoc rt icsr iems ti anba ll i swhiet hd ibnyt ef inntatlon o n appealable judgment)

Clearwater Key Association-South Bay, Inc 13

Umbrella/Excess Liability

Carrier:

Starstone National Insurance Company

A Non Admitted Occurrence $5,000,000

AM Best Carrier Rating:

Coverage:

Limit of Liability:

None

Retention:

Endorsements/Exclusions (included, but not limited to):  Follow Form Endorsement  Foreign Liability Exclusion  Terrorism  Employment Practices Liability Exclusion  Punitive Damage Exclusion

14 Clearwater Key Association-South Bay, Inc

Workers Compensation

Carrier:

Zenith Insurance Company

A Admitted

Carrier Rating:

BB oo dd ii ll yy II nn jj uu rr yy bb yy ADci scei da es en-t - $$550000,,000000 PEoa cl ihc ya cl icmi di te n t Bodily Injury by Disease- $500,000 Each employee

Employers Liability:

If any payroll

Exposure:

Includes Volunteer Endorsement Cv oo lvuenr taegeer sw; ohuolwd eevxet re ,ni df tWh eoyr ka er er sdCooi nmg pwe no rs ka twi ohni ci nh sruerqaunicree st oa license, they would NOT be covered.

Endorsements:

Clearwater Key Association-South Bay, Inc 15

Pollution

Carrier:

Indian Harbor Insurance Company

A Non-Admitted Occurrence $5,000 per occurrence $1,000,000 $1,000,000

AM Best Carrier Rating:

Coverage:

Limits of Liability:  General Aggregate  Each Occurrence Retention:

Coverage Highlights:  First and Third-party coverage for pollution conditions  Bacteria coverage included if not related to mold or fungi  Clean-up expenses  Legal Defense

Some Common Environmental Exposure Faced by Community Associations Include:  Hazardous chemical storage spills including chlorine, pesticides, and herbicides  Below ground fuel tank leaks into soil  Above ground fuel tank lines for the elevator generator leak into surrounding soil  Cc aounstirnagc tao rr ei lnecaosrer oe cf tpl yo lcl uo tnannetcst ws thhi ec hc lcuabuhsoeubsoediinl yt aiknej u/ royu t t a k e l i n e s o f t h e H V A C s y s t e m

16 Clearwater Key Association-South Bay, Inc

Premium Summary

2024 Premiums

2025 Premiums

Coverage Property

$114,086.50 $22,875.30

$104,555.65 $17,386.95 $3,402.01 $2,181.90

General Liability

Package (Crime/Directors & Officers) $2,913.82

Equipment Breakdown

$1,799.70 $703.50 $8,108

Pollution Umbrella

$703.50 $7,854 $503

Workers Compensation

$509

Total

$150,995.82

$136,587.01

Clearwater Key Association-South Bay, Inc 17

PCS Insurance Group Inc | Confidential Tc ohmi s ppl reot ep op soal il ccyo inntfaoi rnms ao tni ol yna, ignecnl uedr ai nl gd ee sxccrl ui psti ioonns ,olfi mt hiet actoi ovne sr ,aagne d( s c) oannddi tdi oo ne ss , nr oe tf ecrotnos tt iht eu tpeoal i pc yo ldi coyc uc omnetnr at .c t . F o r Heritage Property Declined due to underwriting guidelines (Location; # of stories) ICAT Property Declined: Cannot compete with current terms and conditions James River Property Declined due to underwriting guidelines (Excess Layer only) JEM Property Declined due to underwriting guidelines (Excess Layer only) Kinsale Property Declined due to underwriting guidelines (Excess Layer only) Munich Re Property Declined: Cannot compete with current terms and conditions RLI Property Declined: Cannot compete with current terms and conditions RSUI Property Declined: Cannot compete with current terms and conditions Sigma Property Declined due to underwriting guidelines (Year Built, Location) Sompo Property Declined: Cannot compete with current terms and conditions SRU Property Declined due to underwriting guidelines (Location) Velocity Property Declined due to underwriting guidelines (Year Built) Ventus Property Declined: Cannot compete with current terms and conditions Westchester Property Declined: Cannot compete with current terms and conditions Wilshire Property Excluding wind & hail only- Not competitive WKF&C Property Excluding wind & hail only- Not competitive Market Summary On your behalf we have marketed your insurance program to leading carriers who specialize in your industry. Their responses are based on their appetite and their view of loss potential. Insurance Carrier Coverage Marketing Results American Coastal Property Declined due to underwriting guidelines (Location) Amrisc Property Declined due to underwriting guidelines (Location) Arrowhead Property Declined due to underwriting guidelines (Year Built) Balance Partner Property Excluding wind & hail only- Not competitive CAIRE Property Declined due to underwriting guidelines (Location; # of stories) Catalytic Property Declined: Cannot compete with current terms and conditions Centauri Property Declined: Cannot compete with current terms and conditions Coastal Underwriters Property Excluding wind & hail only- Not competitive Core Specialty Property Declined: Cannot compete with current terms and conditions Frontline Property Quoted Renewal- Please see proposal General Star Property Excluding wind & hail only- Not competitive

Dear Unit Owners,

PCS Insurance Group understands the importance of annual lender requirements for Certificates of Insurance. To make the process of obtaining certificates of insurance as easy as possible, please find multiple options below in regards to obtaining certificates of insurance.

Email: Email the request letter from your mortgage lender to certificates@pcsins.com

Fax: Fax the request letter from your mortgage lender to (813) 388-4598

Website: Go to our website www.pcsins.com and fill out the certificate request.

Mail: Mail a copy of the request letter to the address below.

If the unit owners or lenders have any questions while trying to obtain a certificate of insurance, please feel free to contact us directly.

Sincerely, PCS Insurance Group, Inc.

PCS Insurance Group Inc 3315 Henderson Boulevard, Suite 200 Tampa, Florida 33609 Phone: 813/868.1010 • Web: www.pcsins.com • E-mail: info@pcsins.com

HAZARD INSURANCE RESPONSIBILITIES AS GOVERNED BY FLORIDA STATUTE 718

CONDOMINIUM ASSOCIATION RESPONSIBILITY

INDIVIDUAL UNIT OWNER RESPONSIBILITY

DESCRIPTION

1. ROOF AND ROOF COVER

YES

Structural Framing and Roof Cover

2. EXTERIOR WALLS

YES

Paint, Stucco, Insulation, Studs,

Concrete Block, Brick, Etc.

3. UNIT INTERIOR WALLS

YES

Party walls, Unfinished Drywall

Insulation, Metal and Wood Studs

4. COMMON AREA

YES

Interior Walls, Studs, Block andDrywall

Floor, Wall, and Ceiling Finishes

5. UNIT INTERIOR

YES

Floor, Wall & Ceiling,Finishes, Paint, Carpet, Tile, Etc

6. UNIT AND COMMON AREA

NO NO NO NO NO

YES YES YES YES YES

Structural Floors

Structural Ceilings

Structural Walls

7. COMMON AREA AIR CONDITIONERS 8. COMMON AREA ELECTRICAL 9. INTERIOR UNIT COMPONENTS

NO NO

YES YES

Appliances

Electrical Fixtures

YES

Air Conditioners

NO NO

YES YES

Water Heaters

Cabinets

PCS Insurance Group Inc 3315 Henderson Boulevard, Suite 200 Tampa, Florida 33609 Phone: 813/868.1010 • Fax: 813/868.1012 • Web: www.pcsins.com • E-mail: Info@pcsins.com

FLOOD INSURANCE RESPONSIBILITIES AS GOVERNED BY THE NATIONAL FLOOD INSURANCE PROGRAM

CONDOMINIUM ASSOCIATION RESPONSIBILITY

INDIVIDUAL UNIT OWNER RESPONSIBILITY

DESCRIPTION

1. ROOF AND ROOF COVER

YES

Structural Framing and Roof Cover

2. EXTERIOR WALLS

YES

Paint, Stucco, Insulation, Studs,

Concrete Block, Brick, Etc.

3. UNIT INTERIOR WALLS

YES

Party walls, Unfinished Drywall

Insulation, Metal and Wood Studs

4. COMMON AREA

YES

Interior Walls, Studs, Block andDrywall

Floor, Wall, and Ceiling Finishes

5. UNIT INTERIOR

YES

Floor, Wall & Ceiling,Finishes, Paint, Carpet, Tile, Etc

6. UNIT AND COMMON AREA

NO NO NO NO NO

YES YES YES YES YES

Structural Floors

Structural Ceilings

Structural Walls

7. COMMON AREA AIR CONDITIONERS 8. COMMON AREA ELECTRICAL 9. INTERIOR UNIT COMPONENTS

YES YES

NO NO

Appliances

Electrical Fixtures

YES

Air Conditioners

YES YES

NO NO

Water Heaters

Cabinets

PCS Insurance Group Inc 3315 Henderson Boulevard, Suite 200 Tampa, Florida 33609 Phone: 813/868.1010 • Fax: 813/868.1012 • Web: www.pcsins.com • E-mail: Info@pcsins.com

UNIT OWNER vs ASSOCIATION HAZARD INSURANCE COVERAGE AREAS

This diagram is provided for illustration purposes only and should not be solely relied upon as the basis for insurance. We recommend you to review Florida Condominium Statute 718 and your specic condominium documents for updated insurance and maintenance responsibilities.

Unit Owner Responsibilities – Hazard Insurance

1 2 3 4 5 6 7 8 9

Bathtub / Shower Toilet Bathroom Sink Wall/Floor/Ceiling Coverings including paint, wallpaper, tile,

813/868.1010

wood, carpet, laminate etc. Electrical Outlets & Fixtures Interior Doors Refrigerator Oven/Stove & Hood Counter Tops & Cabinets

10 11 12 13 14

Kitchen Sink Dishwasher Light Fixtures Water Heaters & Water Filters Window Treatments, including curtains, drapes, blinds and all hardware

Association Responsibilities – Hazard Insurance

A B C D

Hot/Cold Water Pipes including Fire Systems/Sprinklers Perimeter/Load Bearing Walls including Common/Party walls Electrical Wiring Balcony/Porches/Stairs Unfinished Drywall/Wallboard Roofs to include covering, insulation & trusses Unfinished Floors Exterior Doors Windows/Sliding Glass Doors A/C & Heating unit including Compressor

E F

G H I J

www.pcsins.com

2 1

Fax: 813/868.1012 • E-mail: Info@pcsins.com

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