24-25 Property Manager Reference Sheet

Insurance Agency Information

Mountain West Insurance & Financial Services, LLC
201 Centennial St. 4th Floor, Glenwood Springs, CO 81601

• Toll-free: (800) 390-0559
• Office: (970) 945-9111
• Fax: (970) 945-2350
• Website: www.mtnwst.com

Colorado Office Locations:

Alamosa | Bayfield | Craig | Durango | Edwards | Englewood | Frisco | Glenwood Springs | Grand Junction | Gunnison | Montrose | Pagosa Springs | Steamboat Springs

New Mexico Office Location:

Farmington

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Insurance Ready Reference

Date: 10/16/2024

For: Benchmark Condominium Homeowners Association dba Westlake Village Condominium Association, Inc.

Please retain this form in your insurance file along with your policies.

Thank you for choosing our agency for your Community Association Master Insurance Policy. To provide the best possible service to the unit owners, we ask that you review and observe the following procedures regarding coverage, claim reporting and certificates of insurance.

Retain this form for future reference with the actual policy to answer any questions that may arise.

Coverage questions should be referred to your service team. It is preferred that the property manager or a board member makes contact.

Please provide a copy of the enclosed Unit Owners letter, the Association Insurance Summary, a certificate of insurance, and a copy of the association declarations and bylaws to each unit owner.

Your Service Team

• Producer: Meghan Wilson, CIC
• Commercial Account Executive: Joseph Stewart, CIC
• Commercial Account Manager: Patricia Trinidad
• Claims Advocate: Dustin Brown
• Phone: 970-945-9111
• Toll Free: 800-255-6390
• Fax: 970-945-2350

Claim Reporting

Report all claims promptly to claims@mtnwst.com or by phone 970-945-9111

Certificates

All requests for certificates of insurance for lending purposes must be emailed to assncert@mtnwst.com or faxed to our office. The request must include the full name, physical address and complete mortgagee clause for each owner. Blank certificates may not be issued under any circumstance.

Coverage

Please reference the following pages for a summary of all insurance policies written through Mountain West Insurance & Financial Services, LLC.

The attached Unit Owner letter summarizes the coverage as applicable to the Association relative to our agreed interpretation of its Declarations and Bylaws.

This notice is furnished to you in accordance with Colorado Revised Statute 38-33.3-209.4 (2) (f)

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Insurance Summary

For: Benchmark Condominium Homeowners Association dba Westlake Village Condominium Association, Inc.

Package Policy

• Carrier: American Alternative Insurance Corporation
• Policy: CAU5028338
• Policy Term: 10/17/2024 to 10/17/2025

Coverage Details:

• Building/Structures: Guaranteed Replacement Costs: Ratable Limit $21,400,000
• Loss Assessment Income: $350,000
• Undamaged Buildings (Building Ordinance Law A): Included
• Demolition Costs (Building Ordinance Law B): $500,000
• Increased Construction Costs (Building Ordinance Law C): $500,000
• Property Deductible: $5,000
• Equipment Breakdown: Included
• Sewer Drain Backup: Included
• General Liability: $1,000,000 per Occurrence / No Aggregate
• Medical Payments: $5,000 per Person

Auto Policy

• Carrier: American Alternative Insurance Corporation
• Policy #: CAU5028338
• Policy Term: 10/17/2024 to 10/17/2025
• Hired & Non-Owned Auto Liability: $1,000,000

Fidelity

• Carrier: American Alternative Insurance Corporation
• Policy #: CAU5028338
• Policy Term: 10/17/2024 to 10/17/2025
• Combined Limit: $350,000
• Coverage: Employee Dishonesty / Forgery or Alteration / Computer Fraud / Funds Transfer Fraud
• Deductible: $0

Directors and Officers Liability

• Carrier: Philadelphia Indemnity Insurance Co
• Policy #: PCAP0364140322
• Policy Term: 10/17/2024 to 10/17/2025
• Limit: $1,000,000
• Additional Defense Limit: Y
• Deductible: $1,000

Workers Compensation Policy

• Carrier: The PMA Insurance Companies
• Policy #: 2024011040146Y
• Policy Term: 10/17/2024 to 10/17/2025
• Each Accident Limit: $1,000,000
• Disease Policy Limit: $1,000,000
• Disease Each Employee Limit: $1,000,000
• Deductible: $0

Umbrella Policy

• Carrier: Greenwich Insurance Company
• Policy #: PPP7490248
• Policy Term: 10/17/2024 to 10/17/2025
• Limit: $10,000,000
• Self-Insured Retention: $0

Disclaimer

This is only a summary of the insurance policies written through Mountain West Insurance & Financial Services, LLC for Benchmark Condominium Homeowners Association dba Westlake Village Condominium Association, Inc. Please consult the actual policies for complete coverage, limits, endorsements, and exclusions.