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ELK RIVER MUNICIPAL UTILITIES <br /> RENEWAL PREMIUM SUMMARY <br /> 07/01/2015 TO 07/01/2016 <br /> COVERAGES PREMIUMS PREMIUMS <br /> 2014-2015 2015-2016 <br /> Property $24,995 $24,207 <br /> Mobile Property $4,124 $4,420 <br /> Equipment Breakdown $61,741 $62,428 <br /> Crime Included Included <br /> Faithful Performance Bond $ 328 $ 367 <br /> Municipal Liability $49,442 $42,045 <br /> Auto Liability and Physical Damage $6,929 $7,039 <br /> Open Meeting Law Included Included <br /> Petrofund Included Included <br /> Fireworks Not Covered Not Covered <br /> .. ..._.. ......... <br /> No Fault Sewer Back Up Not Covered Not Covered <br /> TOTAL PROPERTY/CASUALTY $147,559 $140,506 <br /> PACKAGE <br /> Liquor Liability Not Covered Not Covered <br /> Excess Liability Not Covered Not Covered <br /> TOTAL P/C PREMIUM $147,559 $140,506 <br /> Note: <br /> 1. Property premium factors: <br /> a. Coverage increase from$54,305,868 to $55,031,352 due to the <br /> LMCIT Inflation Replacement Cost Factor. <br /> 2. Municipal/Auto Liability Premiums: <br /> a. Favorably impacted by new LMCIT rating process transition <br /> emphasizing Land Use, Police,Sewer Back-up and Employment <br /> Related exposures. <br /> b. Experience Modifier factor decreased about 3% from .910 to .880 <br /> (1.00 average). <br /> 3. Employee Dishonesty Option at$1,000 deductible, $517 premium ($189 <br /> additional). Currently a$20,000 per occurrence deductible. <br /> 4. Optional Excess Liability Coverage$1,000,000 limit (currently not <br /> purchased) <br /> 266 <br />