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2005-05-11 CC Packet
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2005-05-11 CC Packet
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<br />Page 1 of 1 <br /> <br />John Meyer <br /> <br />From: Gordy Beulke [gordy@beulkeagency.com] <br />Sent: Wednesday, May 04, 2005 9:51 AM <br />To: 'John Meyer' <br />Subject: RE: property coverage at 7071 & 7073 centerville road <br /> <br />John, <br /> <br />After receiving your e-mail and our subsequent phone conversation I contacted the underwriter at Berkley Risk who <br />handles the LMCJT for your city. In summary, it's all or nothing coverage. The property coverage is written on a replacement cost <br />basis so it must be insured at full replacement cost value. They have no actual cash value insuring options. The high cost of the <br />insurance for this particular building is because it is vacant. The only other option is to delete this location from the property <br />schedule and have it uninsured until such time it is demolished. The liability coverage would continue be covered even though the <br />property is not shown on the property schedule. I assume because of costs, you will just want to delete the property coverage, <br />especially because it will eventually be torn down anyway. Please let me know for certain how you want me to proceed. As <br />always, any questions, please feel free to call. ~ THANKS- <br /> <br />-----Original Message----- <br />From: John Meyer [mailto:JMeyer@centervilfemn.com] <br />Sent: Thursday, April 28,20052:22 PM <br />To: Gordy Beulke <br />Subject: property coverage at 7071 & 7073 centelViIle road <br /> <br />Gordy <br /> <br />Please reduce to minimum value to reflect the condition of the structure. <br /> <br />John Meyer <br /> <br />5/5/2005 <br />
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