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Acadia
<br />7701 Ynrir Atomic, South
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<br />Suito 7C0
<br />Mam.ipaus.MirlIall 55435
<br />(611)13040W
<br />Pu (612 130.3009
<br />February 20, 1996
<br />Mr. Armand Brachman
<br />Dominium Group, Inc. . •
<br />3140 Harbor Lane, Suite:102
<br />Minneapolis, Mn 55447
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<br />Re: Potential Premium Savings Due'to;thetallation of
<br />Automatic Sprinkler Systam,at,Prvinces Apartmenta
<br />ordia
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<br />Per your request .I am forwarding .fOr,YOuriieView'initurance premium
<br />estimates for the Provinces Apartments both with-and without an
<br />automatic fire protectionapriakiersystem.installed. .,
<br />• • . .. ,Dt . •• •1••
<br />, . . ' • •• .. t1 . • • ; —.4 ., ts,r*;14d, ,t • (..::..... .... ':',1;...:,...., . . .,‘,.
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<br />The estimates are based on the:building3niirable,value.Of $4.,400,000.
<br />and use the current rates.now•being•oharged•on your existing policy.
<br />These premiums, include coverage.forthe general,liability exposures •'..
<br />which are part of the proper77:97::::::::::ral.liabilitY
<br />premium is approximately $3,080.iandriejncluded'in each of the listed
<br />premiums., , ., . . . , .
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<br />, .. • •• • ,:. ..t -1/4 'k“,'7 ...+;.,•.,:,:. , c . fired premium
<br />Non Sprinklered Premium
<br />'' t- t. ;%: .....
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<br />$ 61,360. ,
<br />'S 6,600.
<br />Due to the fact that apartmencHproperiies:ere very 'competitively
<br />. priced end.the.typical.fire,hazardstpresented.by apartment occupancies
<br />are not extremely high, thecredits:availablefor,the addition of a
<br />eprinkler system ie,notgreatia:*AlsO.:LAn,\the'Tevent"that a building in
<br />partially uprinklered:Alese,than,SOC:0Cthe'total:building area) the •
<br />premiums would be the'same as,ifi:it;,Werenoisprinklered at all. Tha
<br />Insurance Services Office_Which,soti.,the5Eire.zrateedoes not provide
<br />credit 4or a,partially eprinklered bUilding4.•,. ,i . ..,
<br />. • • - ..- :::..tt ...,3*-..h..4,:.,:imv.:-.;:..wit_ ,*-:;7:::?•,:vi.:;.'
<br />If I can be -of further an'Aiatince'cWie.youThave additional questions, '
<br />please do not hesitate•to.calli fle.-2?7,.g..T..;•*,. :::.
<br />Sincerely, ; :., .'
<br />$.2-). `‘"-L—r) sc' '':. 7''‘1',;. • .
<br />' .'''.:".:','...47-,;‘....? • •
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<br />Jttsa R. Perkins ARM
<br />Vice President.
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