FL Community Association Manager Continuing Education

Example Contract Summary Chart

Annual Total (CY)

Termination Date

Termination Notice

Comments

Acct. # Description Company Monthly Amount Frequency

7025 Trash

Oscar Trash Pick-up

$2,250 Monthly

$27,000

12/31/CY 90 Days

Removal

7035 Cable/ Internet

Com-Net

$11,042 Monthly

$132,000 12/31/20XX 90 Days

Annual 5% Increase

7040 Generator

Reliable Generator

$250

Quarterly $1,000

N/A

20 Days

7070 Landscape Services

Lanny’s Cuts

$3,842 Monthly

$46,100

12/31/CY

7090 Pest

Florida Xeriscape

$667

Monthly

$8,000

6/30/XX

Control

7130 Pool/Spa/ Fountain

I.M Underwater Pool Service Topper’s Tree Service

$833

Monthly

$10,000

12/31/XX

7355 Tree

$7,000 Monthly

$7,000

N/A

Trimming

Example Insurance Policy Summary Chart

Replacement Value/ Coverage

Premium (CY)

Termination Notice

Comments

Period Deductible

Acct. # Type

Company

7055 Multiperil

Citizens

$300,000 Annual

$100,000

$50,000,000 12/31/CY Agent estimate 10% increase

Wind

5% of Replacement Value

100% coinsurance

7556 Flood

FEMA

$11,000 Annual

$100,000

$54,250,000 12/31/CY FEMA

formula of $250,000 per unit. 100% coinsurance

7557 General Liability

Relectant Pay Ins. Co.

$15,800 Annual

N/A

$1M/$100/000 per Incident $1M/$100/000 per Incident

12/31/CY

7558 D&O Regretful Ins. Co. 7558 Umbrella Stormy Weather Ins. Co.

$4,000

Annual

N/A

$7,500

Annual

N/A

$5M per Incident

12/31/CY

7560 Fidelity Bond 7560 Plate Glass

Not Guilty Ins. Co. Broken Dreams Ins. Co.

$2,500

Annual

N/A

$1,000,000

12/31/CY

$9,500

Annual

5% of Damage

N/A

12/31/CY

Total:

$350,300

Page 5

Book Code: CAMFL1526

EliteLearning.com/CAM/

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