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CERTIFICATE OF INSURANCE (8) ~ 7/30/2002 12:43 Aviation Insurance Agency. Inc Mary D'alauro-+Catherine Yellin 1/1 CERTIFICATE OF INSURANCE CERTIFICATE DATE: 07/30/2002 CERTIFICATE NUMBER: 02-01\PR) CERTIFICA TE HOLDER: POLICYHOLDER: Clearwater Airpark, Inc, and David King 1000 N, Hercules Avenue Clearwater, FL 33765 City of Clearwater Attn: Catherine YeUin 25 Causeway Boulevard Clearwater, FL 33767 This is to certify that the following policy(s), subject to Ihe terms, conditions, limitations and endorsements contained therein, and diJrir@ their elfective period, have been issued by the company(s) indicated below. In the evClt of material chaJ1ge or cancellation of said policy(s), the company will endeavor to notify the certificate holder, but failure to do so shall impose no liability or obligation of any kind upon the undersigned or the company(s) involved. Policy T)-pe: Insurance Company: Policy ~umber: Policy Period: PROPERTY The Travelers KTJ 63023 7T860- '7 -01 August 3, 2002 to August 3, 2003 Location: Clearwater Air Park, Clearwater, FL Property Covered: Terminal Building, Insured Value $100,000 Maintenance Hangar, Insured Value $200,000 Shade Hangars, Insured Value $200,000 T-Hangars, Insured Value $270,000 Deductibles: $1,000.00 Each and Every Loss with the following exceptions: A deductible of 3% of the total insured value is applicable to losses caused by Wind, Wind Driven Rain, Hail, Tornado or Hurricane THE FOREGOING EVIDENCE OF Cm/ERAGE IS NOT VERBATIMOF POUCY CONDmoNs, LIMlTAI'IONS OR lANGUAGE; THE POUCY(S) REPRESENI'ED BY 11l1S CERTIFICATE ARE NOT AMENDED IN ANY WAY UNLESS SO STATED ON THIS CERTIFICATE. ADDITIONAL AGREEMENTS: Loss Payable Payments for loss covered under the Aircraft Physical Damage coverage will be made payable to Clearwater Airpark, Inc,; David King and City of Clearwater in an amount not to exceed the Insured Value, NOTICE OF CANCELLATION: IN TIlE EVENT OF MATERIAL CHANGE OR CANCELIATION OF SAID POllCY(S), THE COMPAl-'Y(S) SHAlL ENDFAVOR TO GIVE 30 DAYS WRITTEN NOTICE TO lHE CERTIFICATE HOIDER WIrnlHE EXCEPTION OF A 10 DAY NOTICE FOR NON-PAYMENT OF PREMIUM. Aviation Insurance Agency, Inc, 901 S,W. Martin Downs Boulevard P,O. Box 2260, Palm City, FL 34991 ~o,~tL www.avnms.com Telephone (772) 286-0626 - Facsimile (772) 286-1108 Authorized Signature