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Home My WebLink AboutR-2019-093 Purchase Flood Insurance from Hartford Insurance Company RESOLUTION NO. R —2019-093 A RESOLUTION AUTHORIZING THE PURCHASE OF FLOOD INSURANCE FROM THE HARTFORD INSURANCE COMPANY OF THE MIDWEST FOR PROPERTY LOCATED AT 1001 ARGOSY PARKWAY IN AN AMOUNT NOT TO EXCEED$13,921.00 WHEREAS, the City of Riverside has a need for flood insurance coverage at 1001 Argosy Parkway; and WHEREAS, the City of Riverside in the adoption of its purchasing policy requires all expenditures in excess of$10,000 to be presented to the Board of Aldermen for approval and the City's insurance carrier for flood insurance required at 1001 Argosy Parkway has presented an invoice in the amount of$13,921.00 for such insurance coverage; and WHEREAS, funds for such purpose were budgeted in the Fiscal Year 2019-2020 budget; and WHEREAS, the Board of Aldermen find it is in the best interest of the citizens of the City of Riverside to authorize acquisition of such insurance coverage and approve the payment to Hartford Insurance Company of the Midwest for flood insurance coverage for property located at 1001 Argosy Parkway, in an amount not to exceed $13,921.00. NOW THEREFORE, BE IT RESOLVED BY THE BOARD OF ALDERMEN OF THE CITY OF RIVERSIDE, MISSOURI,AS FOLLOWS: THAT,the acquisition of such insurance coverage and payment to Hartford Insurance Company of the Midwest for flood insurance coverage on property located at 1001 Argosy Parkway, in an amount not to exceed $13,921.00 is hereby authorized and approved; and FURTHER THAT the Mayor, City Administrator, or either of their designees, are hereby authorized to execute all documents necessary or incidental to this transaction and the City Clerk is authorized to attest thereto. PASSED AND ADOPTED by the Board of Aldermen and APPROVED by the Mayor of the City of Riverside, Missouri, the day of August, 2019. _ M&yor Kathleen L. Ros ATTES Robin'Kincaid, Ci; Clem CREDIT CARD COUPON ONLY CITY OF RIVERSIDE MISSOURI Select a Payment Option: (See reverse side for check payment option.) 2950 NW VIVION RD RIVERSIDE,MO 64150-1502 1.To pay online,log on to:www.MyFlood.com PIN: F110105867000 2.To pay by phone,call(866)667-9739 POLICY NUMBER 99012806252018 3.To pay by mail complete the information below,detach,and return in the enclosed envelope. ❑VISA MASTERCARD [J AMERICAN EXPRESS❑DISCOVER PAYMENT DUE BY: 9/05/2019 CARDNUMBER: SELECT COVERAGE OPTION: ❑ $14,130 ❑ $13,921 EXPIRATION DATE: / IIIIIIIIIIiIiIillllliiillliililllillililllllllililllllllliilll CARDHOLDERNAME CARDHOLDERPHONENUMBER HARTFORD FIRE INSURANCE COMPANY PO Box 2057 CARDHOLDER BILLING ADDDRESS CARDHOLDER BILLING ZIP CODE Kalispell,MT 59903-2057 CARDHOLDER SIGNATURE: This policy is not subject to cancellation for reasons other than those set forth in the National Flood Insurance Program rules and regulations.In matters involving baling disputes,cancellation is not available other than for billing processing error or fraud. Payment must be received by the due date to retain the Policy Effective Date POLICY NUMBER: 99012806252018 Hartford Insurance Company of the Midwest FLOOD INSURANCE RENEWAL PREMIUM NOTICE IMPORTANT: THIS FLOOD INSURANCE POLICY WILL EXPIRE: 9/05/2019 PAYOR NAME&MAILING ADDRESS PRODUCER NAME&MAILING ADDRESS CITY OF RIVERSIDE MISSOURI PRODUCER#:03668-00000-000=00001-- 2950 NW VIVION RD COWELL INSURANCE GROUP INC RIVERSIDE,MO 64150-1502 10525 N AMBASSADOR DR STE 301 KANSAS CITY,MO 64153-1284 (816)587-4419 INSURED NAME LOCATION OF INSURED PROPERTY 1001 ARGOSY PARKWAY CITY OF RIVERSIDE MISSOURI RIVERSIDE,MO 64150-0000 BUILDING DESCRIPTION: RESTROOMS If you are no longer responsible for the payment of the premium on this policy please notify your agent. COVERAGE DEDUCTIBLE PREMIUM OPTIONS BUILDING BUILDING 1. Option 1 includes a 10%increase in $215,400 $1,250 the amount of building coverage 1 $14,130.00 and a 5%increase in the amount of CONTENTS CONTENTS contents coverage. $3,400 $1,250 COVERAGE DEDUCTIBLE PREMIUM OPTIONS 2. Option 2 is the amount of insurance BUILDING BUILDING coverage currently in force. $195,800 $1,250 2 $13,921.00 CONTENTS ' CONTENTS $3,200 $1,250 Primary Residence:N NOTE:If payment is sent via Certified Mail,the postmark date is used as the premium r eipt date,ensuring t earliest receipt date possible.Certified Mail can also be tracked at www.usps.com. Effective April 1,2016,policies currently receiving Pre-FIRM subsidized rates may not be eligible to maintain those rates at the next renewal when the policy payment is received more than 90 days after policy expiration. Please see the enclosed notice for important information about your policy renewal. Print Date: 7/07/2019 POLICY NUMBER: 99012806252018 Hartford Insurance Company of the Midwest FLOOD INSURANCE RENEWAL PREMIUM NOTICE IMPORTANT: THIS FLOOD INSURANCE POLICY WILL EXPIRE: 9/05/2019 PAYOR NAME&MAILING ADDRESS PRODUCER NAME&MAILING ADDRESS CITY OF RIVERSIDE MISSOURI PRODUCER#:03668-00000-000-00001 2950 NW VIVION RD COWELL INSURANCE GROUP INC RIVERSIDE,MO 64150-1502 10525 N AMBASSADOR DR STE 301 KANSAS CITY,MO 64153-1284 (816)587-4419 INSURED NAME LOCATION OF INSURED PROPERTY 1001 ARGOSY PARKWAY ---- ------- CITY CITY OF RIVERSIDE MISSOURI RIVERSIDE,MO 64150-0000 BUILDING DESCRIPTION: RESTROOMS If you are no longer responsible for the payment of the premium on this policy please notify your agent. COVERAGE DEDUCTIBLE PREMIUM OPTIONS BUILDING BUILDING 1. Option 1 includes a 10%increase in $215,400 $1,250 the amount of building coverage and a 5%increase in the amount of 1 $14,130.00 CONTENTS CONTENTS contents coverage. $3,400 $1,250 — - - -- — ----COVERAGE --- --- - - ---DEDUC-T-IBLE---- - -- - PREMIUM-OP-TIONS--- 2. — PREMIUM-OP-TIONS__- 2. Option 2 is the amount of insurance BUILDING BUILDING coverage currently in force. $195,800 $1,250 CONTENTS CONTENTS 2 $13,921.00 $3,200 $1,250 Primary Residence:N NOTE:If payment is sent via Certified Mail,the postmark date is used as the premium receipt date,ensuring the earliest receipt date possible.Certified Mail can also be tracked at www.usps.com. Effective April 1,2016,policies currently receiving Pre-FIRM subsidized rates may not be eligible to maintain those rates at the next renewal when the policy payment is received more than 90 days after policy expiration. If paying by CHECK,please detach and return bottom remittance portion with your payment in the enclosed envelope. _ Print Date: 7/07/2019 PLEASE DO NOT STAPLE INSURED NAME&MAILING ADDRESS CITY OF RIVERSIDE MISSOURI PRODUCER 03668 000000000000001 2950 NW VIVION RD RIVERSIDE,MO 64150-1502 POLICY NUMBER 99012806252018 RENEWAL EFFECTIVE DATE: 9/05/2019 Payment must be received by the due date to retain the Policy Effective Date PAYMENT DUE BY: 9/05/2019 SELECT COVERAGE OPTION: CHECK PAYMENT COUPON ONLY ❑ $14,130 ❑ $13,921 Make check payable to: (See reverse side for credit card payment option.) HARTFORD FIRE INSURANCE COMPANY Please see the enclosed notice for important information HARTFORD FIRE INSURANCE COMPANY about your policy renewal. PO Box 731178 Dallas,TX 75373-1178 990128062520181968211780014130000013921003 IMPORTANT INFORMATION ABOUT THIS FLOOD INSURANCE POLCY This policy is about to expire—Action Required 1. This policy will expire at 12:01 A.M. on the date shown on the renewal notice. If the renewal F payment is received by the Flood,Insurance Processing Center within 30 days of the expiration date, the policy will be renewed without any lapse in coverage. Any payment received after the 30-day grace period and prior to 90 days after the policy expired will renew this policy, however, there will be a 30-day waiting period, commencing from the date premium is received, for coverage to become effective. 2. CERTIFIED MAIL—If the renewal premium payment and this notice are mailed to the Flood Insurance Processing Center via Certified Mail, the date the premium was mailed will be considered the date of receipt. Certified Payment Address Overnight Address Flood Insurance Processing Center Flood Insurance Processing Center PO Box 2057 555 Corporate Drive Kalispell, MT 59903-2057 Kalispell, MT 59901-6074 3. Mortgagee protection under the policy shall continue in force for 30 days from the expiration date for the benefit of the mortgagee only. Coverage extended under mortgagee protection will terminate if premium is not received within this 30-day period. 4. If the payor information on this form is incorrect, please forward the bill to the new payor and notify the agent immediately. The agent should submit a change endorsement to correct the -payor information. =-:_. - -- - -- - ----- -- - 5. Effective April 1, 2016, policies currently receiving Pre-FIRM subsidized rates may lose the eligibility to maintain those rates if payment is received more than 90 days after policy expiration date. Important message from FEMA The Federal Emergency Management Agency(FEMA)encourages property owners to insure their property for at least 80 percent of the structure's replacement cost to ensure adequate coverage in the event of a loss. Contact an insurance agent for more information. FP Reg 0507 Manage Your Flood Insurance Policy & Report a Flood Loss at www. MyFlood .com, Now Mobile-Friendly To better serve our valued policyholders, we are pleased to provide you with online flood insurance policy management and the ability to report a flood loss online. It's all now available on your mobile device. Accessing the online management system is easy, simply follow the steps below: 1. Go to www.MvFlood.com 2. Login • Create an account with your flood insurance polic_y_number and_PIN_found on_y_our- _r_enewal_.. bill • Or, login without an account using your flood insurance policy number 3. Follow the prompts to: • pay your flood insurance renewal bill online • report a flood loss • review all policy payment transactions • view and print your policy declaration page or renewal notice • review your open claim summary page • bookmark MyFlood.com to visit us again Im y 92201 online.v2 Flood Insurance Processing Center P.O. Box 2057 Kalispell, MT 59903-2057 R� M O N . CITY OF RIVERSIDE MISSOURI 2950 NW VIVION RD RIVERSIDE, MO 64150-1502 'll 11'11111""I'llllhl 111 1,11,11 l,l 11 111111 11 111'111 l'l 11 111 111 0014049000311970190401141000000 B#34