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CERTIFICATE OF INSURANCE (16) CERTIFICATE OF INSURANCE CERTIFICA TE DATE: 08/03/2007 CERTIFICATE NUMBER: 07-05 CERTIFICATE HOLDER: POLICYHOLDER: City of Clearwater Clearwater Airpark, Inc. 25 Causeway Boulevard 1000 N. Hercules Avenue Clearwater, FL 33767 Clearwater, FL33765 This is to certify that the following policy(s), subject to the tenns, conditions, limitations and endorsements contained therein, and during their effective period, have been issued by the company(s) indicated below. In the event of material change or cancellation of said policy(s), the company wilI 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 Type: Insurance Company: Policy Number: Policy Period: PROPERTY The Employer's Fire Insurance Company 753-01-78-08-0001 August 3, 2007 to August 3, 2008 RECEIVED AUG 08 2007 Clearwater Airpark, Clearwater, FL Terminal Building Insured Value $260,000 Corporate Hangar Insured Value $312,000 Maintenance Hangar Insured Value $275,600 T-Hangars: A B C H I Shade Hangars: D E F G Location Covered: Causes of Loss: Deductibles: OFFICIAL RECORDS AND 'EGISLATlVE SRVCS DEPT Insured Value $202,800 Insured Value $223,600 Insured Value $244,400 Insured Value $244,400 Insured Value $244,400 Insured Value $192,400 Insured Value $192,400 Insured Value $192,400 Insured Value $192,400 Special Form Excluding Wind and Hailstorm 80% Coinsurance Clause $1,000 Each and Every Loss THE FOREGOING EVIDENCE OF COVERAGE IS NOT VERBATIM OF POLICY CONDITIONS, LIMITATIONS OR LANGUAGE; THE POL/CY(S) REPRESENTED BY THIS 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. and City of Clearwater in an amount not to exceed the Insured Value. NOTICE OF CANCELLATION: IN THE EVENT OF MATERIAL CHANGE OR CANCELLATION OF SAID POLICY(S), THE COMPANY(S) SHALL ENDEAVOR TO GIVE 30 DAYS WRITTEN NOTICE TO THE CERTIFICATE HOLDER WITH THE EXCEPTION OF A ] 0 DAY NOTICE FOR NON-PAYMENT OF PREMIUM. Aviation Insurance Agency, Inc. ~ 900 S. Federal Highway, Suite 309 ~a~ ' ^_ Stuart, FL 34994 lA.. to...J ~ www.avnins.com Telephone (772) 286-0626 - Facsimile (772) 286-1108 Authorized Signature