EFTA02160086

To: From: Sent Thur 9/13/2012 7:33:19 PM Subject Re: - refinancing right On Sep 13, 2012, at 3:28 PM, wrote: This makes sense, as the house is worth more they increase the rates and coverage From: Sent: Thursday, September 13, 2012 3:28 PM To: Barbara Wilmink Cc: Subject: Re: refinancing ok, so the replacement cost is for the existing house at the moment... When we go in for the policy for the builders risk coverage is when we up it to what the new house would cost to replace. I understand. We sent a new estimate to Bank of New Canaan for the house we arc going to build and it is estimated at $1,945,765.00 Thanks! On Sep 13, 2012, at 2:48 PM, Barbara Wilmink wrote: HiIII I apologize. I started this e-mail yesterday morning and am just getting around to 'illsI ing it now! When you purchased this home earlier this year, Chubb went out to do an appraisal. I believe I sent out the appraisal in May. Based on the square footage of the home, they came up with the $1.2m as replacement cost which is the number we went in with. Since it renewed in August, it was bumped up a little to $1.236m. I am attaching a page from the appraisal that gives you a description of what Replacement cost means and the benefits. For refi closing purposes, I left the amount as is ($1.236m). When we endorse the policy for the 'course of construction' (builders risk coverage) we go in with 'completed value'. Chubb will be in touch with you a few times in the course of construction for an inspection and then do a final inspection once the house is completed. You sent this e-mail below on the 6'h, regarding completed value. If you think we should lower that a little we can. I just need to know when I ask Chubb to process the coverage. EFTA_R1_00832311 EFTA02160086 Hi Barbara...I let Elena and Christina know you will be contacted them....We now believe the cost of the house, when finished, would be 2 million to replace... Thanks, Barbara Wilmink Brown Thayer Shedd, Inc. 980 Boston Post Road Darien, CT 06820 hours: 8:30 am to 4:30 m From: Sent: Tuesday, September 11, 2012 8:03 AM To: Barbara Wilmink Cc: Subject: Re - refinancing Good morning Barbara and thank you for helping us out. We are wondering how you came up with the dollar amount for coverage? We believe our house in the end will be at least 1,500,000 of not more. Possibly 1,800,000. Does this matter? Sent from my iPhone On Sep 10, 2012, at 4:20 PM, Barbara Wilmink wrote: Michael: Attached please find evidence of insurance for the above property. I understand the closing should probably take place by the end of September. If someone could please let us know when it does take place so we can amend the policy accordingly, we'd appreciate it. If you have any questions, please let me know. regards Barbara Wilmink Brown Thayer Shedd, Inc. 980 Boston Post Road Darien, CT 06820 EFTA_R1_00832312 EFTA02160087 p hours: 8:30 am to 4:30 pm <20120910161413556.pdf> <20120912095227837 pdf> This e-mail and any files transmitted with it are confidential and intended only for the person or entity to which it is addressed. If you are not the intended recipient, you are hereby notified that any dissemination, distribution or copying of this e-mail and any attachment(s) Is strictly prohibited. If you have received this e-mail In error please immediately notify the sender a r by replying to this e-mail and delete the e-mail and any attachment(s) from your system. Nothing herein s construed as a financial promotion to any person or persons, or a solicitation or recommendation to buy or sell any security or other investment or to engage in any trading strategy. Information presented is from sources believed to be reliable, but is not guaranteed to be accurate or complete. This information should not be taken as an offer nor as a solicitation of an offer to buy o • ancial instruments. Email transmission cannot be guaranteed to be secure, timely or error free. may review and store both incoming and outgoing messages. Use by other than the intended recipients is prohibited. EFTA_R1_00832313 EFTA02160088