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11 FIRST NATIONAL INSURANCE <br /> OF ELK RIVER <br /> 729 MAIN STREET · ELK RIVER, MINNESOTA 55330 · (612) 441-2500 · FAX (612) 441-3921 <br /> <br />March 7, 1996 <br /> <br />City of Elk River <br />DBA: Northbound Liquor <br />Attn: Lori Johnson <br />13065 Orono Prkwy NW <br />Elk River, MN 55330 <br /> <br />Subject: Northbound Liquor Store <br /> <br />Dear Lori, <br /> <br />I'm enclosing your copy of the renewal on the Northbound Liquor Store. <br /> <br />We are pleased that the premium was reduced from $7,911.00 to $7,754.00. This also <br />included our increasing the building from $454,700.00 from $461,000.00 and the receipts <br />were increased from $2,497,000.00 to $2,572,000.00. <br /> <br />Some items for your consideration, the current policy covers the sign in the amount of <br />$5,000, however, there is a $1,000 deductible and also co~ers full coverage glass, subject <br />to a $1,000 deductible. For those reasons, we previously elected to leave the sign and <br />glass coverage specifically insured under the package policy. If your interested in paying <br />the $1,000 deductible however, it may benefit us to exclude coverage from the cities <br />package policy and include it under the liquor stores policy. <br /> <br />As yoU will recall, when we wrote the All Systems Go coverage covering break down of <br />computer equipment, Fritz declined coverage because of cost, however, there is a more <br />limited Computer Special Coverage under this policy that's not as broad as the All <br />Systems Go. If he has any problems with the computers, be sure and check with us and <br />we'll see how far this policy goes to provide coverage. <br /> <br />If you have any questions or think we should make any changes, please give me a call. <br />Daniel B. Greene <br /> <br />Business, Home, Auto, Life, Health, Disability <br /> <br /> <br />