THE SCHEDULE OF POLICY PSP-1020543

CONSEQUENT ON TRANSACTION NB - 4285075

May 30, 2022 at 12:01 AM to May 29, 2023 at 11:59 PM

Account Name PSP # 452 Sea Castles

Account Address Rose Hall, Little River PO, Montego Bay, St. James
Insured
PSP # 452 Sea Castles
Business of Insured - Apartment Complex
Type of Insurance Houseowners Comprehensive
Product Proprietors Of Stata Plan (STRATASURE)
Occupancy Private Dwelling Houses
Territorial Limits Jamaica
Endorsements which Apply ,F

RISK DESCRIPTION

SECTION 1
Description: (Item: 1) Building(s): Block A at Rose Hall, Little River PO, Montego Bay, St. James - constructed of
Reinforced Concrete Block walls with Concrete Slab roof.
Sum Insured $2,412,425.40

Description: (Item: 2) Building(s): Block B at Rose Hall, Little River PO, Montego Bay, St. James - constructed of
Reinforced Concrete Block walls with Concrete Slab roof.
Sum Insured $2,412,425.40

Description: (Item: 3) Building(s): Block C at Rose Hall, Little River PO, Montego Bay, St. James - constructed of
Reinforced Concrete Block walls with Concrete Slab roof.
Sum Insured $2,412,425.40

Description: (Item: 4) Building(s): Block D at Rose Hall, Little River PO, Montego Bay, St. James - constructed
of Reinforced Concrete Block walls with Concrete Slab roof.
Sum Insured $2,412,425.40

Description: (Item: 5) Building(s): Block E at Rose Hall, Little River PO, Montego Bay, St. James - constructed of
Reinforced Concrete Block walls with Concrete Slab roof.
Sum Insured $2,124,987.48

Printed On: August 12, 2022 @ 09:05:07 By: AP24,Head Office/; Form ID: 0
Pg 1 of 5
 THE SCHEDULE OF POLICY PSP-1020543
CONSEQUENT ON TRANSACTION NB - 4285075
May 30, 2022 at 12:01 AM to May 29, 2023 at 11:59 PM

Description: (Item: 6) Building(s): Block F at Rose Hall, Little River PO, Montego Bay, St. James - constructed of
Reinforced Concrete Block walls with Concrete Slab roof.
Sum Insured $3,535,113.12

Description: (Item: 7) Building(s): Block G at Rose Hall, Little River PO, Montego Bay, St. James - constructed
of Reinforced Concrete Block walls with Concrete Slab roof.
Sum Insured $2,252,374.74

Description: (Item: 8) Building(s): Block H (Commisary) at Rose Hall, Little River PO, Montego Bay, St. James -
constructed of Reinforced Concrete Block walls with Concrete Slab roof.
Sum Insured $49,928.34

SECTION 3
Description: (Item: 9) Miscellaneous: Pool at Rose Hall, Little River PO, Montego Bay, St. James
Sum Insured $49,285.34

SECTION 4
Description: (Item: 10) Money : Money belonging to the insured or held in trust
Loss Limit $3,500.00

Description: (Item: 11) Money : Money in Transit to and from Bank

Loss Limit $3,500.00

Description: (Item: 12) Money : Management Committee

Loss Limit $3,500.00

Description: (Item: 13) Fidelity: Directors and Officers Liability

Loss Limit $5,000.00

TOTAL SUM INSURED: $17,661,390.62

Printed On: August 12, 2022 @ 09:05:07 By: AP24,Head Office/; Form ID: 0
Pg 2 of 5
 THE SCHEDULE OF POLICY PSP-1020543
CONSEQUENT ON TRANSACTION NB - 4285075
May 30, 2022 at 12:01 AM to May 29, 2023 at 11:59 PM

EXCESS
Hurricane, Cyclone, Tornado, Windstorm, Storm, Tempest, Earthquake, Volcanic Eruption and Flood (including overflow of the sea)
caused by these perils -2% of Sum Insured per item of the schedule or 0.25% of the Total Sum Insured per location/ category,
whichever is greater

Any other insured perils excluding Fire and Lightning -1% of claim, minimum US$100.00 maximum US$2,000.00

Subsidence & Landslip -3% of sum insured

Employers Liability – NIL

Public Liability - respect of Third Party Property Damage -US$200.00 each and every loss
Directors & Officer Liability - US$150.00 each and every loss

Loss of Money - US$150.00 each and every loss

Fidelity Guarantee - US$150.00 each and every loss

LIMITS OF LIABILITY
1 Personal & Public Liability
Claim or series of claims for bodily injury or property damage during any one policy period 200,000.00
2 Employer's Injury
Bodily Injury or Death to Employees any one period of insurance 200,000.00
3 Tenant's Liability
Tennants for damage to the property rented, not exceeding 10% of Sum Insured any one period
4 Property Owners Liability
Maximum amount payable by the company for claims against the property owner any one period 200,000.00

Extensions:

Section 1 – Property Damage

1. Accidental breakage of fixed glass, sanitary wares and fixtures – 5% of sum insured
2. Accidental Damage to Underground Cables/Systems, Pipes and Services
3. Automatic Reinstatement of the Sum Insured - subject to an additional premium
4. Capital Additions - 10%
5. Description of Buildings to include alarm and security systems – included in sum insured
6. Interim Payments - as recommended by Loss Adjusters and agreed by AGIC
7. Landscaping Costs -US$50,000.00 aggregate
8. Maintenance Fees - US$5,000.00 aggregate
9. Misdescription Clause
10. Professional Fees – 10% of sum insured per item - included in sum insured
11. Public Authorities – 10% of sum insured - included in sum insured
12. Reinstatement Value Condition -
13. Removal of Debris and Additional Security Cost – 10% per item - included
14. Services Installation – included in building sum insured
15. Smoke and Water (extinguishment damage following an insured peril
16. Spontaneous Combustion
17. Subterranean Fire
18. Temporary Removal (Internal/External) - 10%
Printed On: August 12, 2022 @ 09:05:07 By: AP24,Head Office/; Form ID: 0
Pg 3 of 5
 THE SCHEDULE OF POLICY PSP-1020543
CONSEQUENT ON TRANSACTION NB - 4285075
May 30, 2022 at 12:01 AM to May 29, 2023 at 11:59 PM

19. Thirty (30) Days Cancellation Notice – Ten (10) days for non-payment of premium
20. Thirty (30) Days Claims Notification
21. Unoccupancy Clause – 30 days
22. Wide Description Clause
23. Windstorm Cover for external fixtures, awnings, fixed equipment, gates and fences – included in sum insured
24. Workmen's Clause
25. Works and Permits

Extensions related to Employers Liability

1. Automatic Additions and Deletions
2. Cross Liability –
3. Canteen Services
4. First Aid and Ambulance Service
5. Indemnity to Principals
6. Indemnity to Directors/Executives
7. Jurisdiction - Jamaica only
8. Workmen's Compensation Benefits
9. Private Work for and Executives
10. Sports, Social, Welfare Clubs

Extensions related to Public Liability

1. Alterations and Repairs - 10%
2. All plants pertaining to the business – subject to annual inspection
3. Car Park Liability - US$20,000.00 Any One Incident/US$50,000.00 Any One Period of Insurance
4. Collection and Delivery
5. Defective Sanitation Arrangements - sudden and accidental
6. Directors, Executives as additional named Insured(s)
7. Food and Drink Poisoning – US$20,000.00/$50,000.00
8. Fire and Explosion - US$20,000.00/$50,000.00
9. Hanging Signs
10. Jurisdiction - Jamaica only
12. Loading and Unloading
13. Mechanically propelled equipment not licensed for road use -premise only - annual inspection required
15. Property Owners Liability
16. Sports, Social/Welfare Club, First Aid Facilities

Extensions related to Loss of Money

1. Acts of God, Earthquake, Hurricane, Flood etc.
2. Riot, Strike and Civil Commotion
3. Malicious Damage

Conditions:
1) Installation of Fire Hose reels for the fire hydrants within 120 days of inception of coverage
2) Completion of roof replacement within 12 months of inception of coverage

Recommendations:
- Fire Hydrants to be tested at least once per year.
- Hose reels when installed to be inspected at least twice per year
- Fire Extinguishers to be installed on each floor of each Block
- Each apartment to be equipped with smoke detectors
Printed On: August 12, 2022 @ 09:05:07 By: AP24,Head Office/; Form ID: 0
Pg 4 of 5
 THE SCHEDULE OF POLICY PSP-1020543
CONSEQUENT ON TRANSACTION NB - 4285075
May 30, 2022 at 12:01 AM to May 29, 2023 at 11:59 PM

Source Premium Tax Total Amount Branch Currency

CGM_kn $75,060.91 $0.00 $75,060.91 Head Office US

Advantage General Insurance Company Limited

Authorized Signature

Printed On: August 12, 2022 @ 09:05:07 By: AP24,Head Office/; Form ID: 0
Pg 5 of 5