Property Named Insurance NovaShield Health Policy Dates 04/30/2x to 1/30/2x Carrier / A.M. Best Ratings Sentinel Insurance Policy Number NSH-8745623 Coverage Type Limits Deductible Coinsurance Out-of-Pocket Max Medical $1,000,000 per policy year $500 80% $2,500 Dental $2,000 per year $50 100% preventive, 80% basic, 50% major $2,500 Vision $200 per year $25 exam, $100 glasses/contacts N/A $2,500 Life Insurance 60% of weekly salary, max $1,500 N/A N/A 12 weeks max Disability $10,500 N/A N/A N/A Valuation Definitions ● Replacement Cost (RCV) – Pays for the cost to replace an insured item with a new one of similar quality, without depreciation. ● Actual Cash Value (ACV) – Covers the item's value at the time of loss, factoring in depreciation. ● Agreed Value – A pre-determined amount agreed upon by both insurer and insured, avoiding depreciation calculations. ● Market Value – The price an asset would fetch in the open market, which can be different from replacement cost. ● Functional Replacement Cost – Covers replacing an item with one of equivalent function rather than identical materials. 5