2020-2021 Budget Report & Annual Policy Statement

Outdoor Resorts of Palm Springs Owners Association 07/01/2020 to 07/01/2021 for all except WC is 01/01/2020 to 01/01/2021

3636 Nobel Drive Drive, Suite 100, San Diego, CA. 92122

Name of Insurer

Type of Insurance

Policy Number

Deductible

Limits of Liability

$7,623,868

Property

Philadelphia Indemnity Insurance Company

$818,800 $200,000 $252,868

Personal Property/Contents

$1,000

Property

PHPK2009519

Business Income Inland Marine General Aggregate:

$2,000,000 $1,000,000 $1,000,000 $2,000,000 $100,000 $5,000 $1,000,000 $1,000,000 $1,000,000

Per Occurrence

Philadelphia Indemnity Insurance Company

Personal & Advertising Injury: Products/Completed Operations:

NONE

General Liability

PHPK2009519

Rented

Medical Expense. (1 person):

Philadelphia Indemnity Insurance Company

Auto

PHPK2009519

NONE

Hired & Non-Owned Auto:

Auto Auto

Liability Limit

Uninsured/Underinsured

Philadelphia Indemnity Insurance Company

Crime Coverage

PHPK2009519

$4,000,000

$5,000 $1,000 NONE

Employee Theft

Crime Coverage Umbrella Policy

$500,000

Fund Transfer Fraud

Philadelphia Insurance Ins. Co. of the West Philadelphia Indemnity Insurance Company

PHUB685253 XHO500873908

$10,000,000 $8,149,442

Aggregate Limit:

10%/$50,000

Earthquake Insurance Directors and Officers Liability

Limit

$5,000

PCAP0091830218

$1,000,000

Aggregate Limit:

None

Employers Assurance Company

Workers Compensation

EIG29560900

$1,000,000

Aggregate Limit:

*This Summary of the Association's policies of insurance provides only certain information, as required by subdivision (f) of Section 5320 of the Civil Code, and should not be considered a substitute for the complete policy terms and conditions contained in the actual policies of insurance. Any Association member may, upon request and provision of reasonable notice, review the associations insurance policies and, upon request and payment of reasonable duplication charges, obtain copies of those policies. Although the association maintains the policies of insurance specified in this summary, THE ASSOCIATION'S POLICIES OF INSURANCE MAY NOT COVER YOUR PROPERTY, INCLUDING PERSONAL PROPERTY OR, REAL PROPERTY IMPROVEMENTS TO OR AROUND YOUR DWELLING, OR PERSONAL INJURIES OR OTHER LOSSES THAT OCCUR WITHIN OR AROUND YOUR DWELLING. Even if a loss is covered, you may nevertheless be responsible for paying all or a portion of any deductable that applies. Association members should consult with their individual insurance broker or agent for appropriate additional coverage.*

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