EFTA02160117

To: Barbara Wilmink Cc: From: Sent Thur 9/13/2012 7:33:4 Subject: Re: refinancing thank you Barbara! On Sep 13, 2012, at 3:30 PM, Barbara Wilmink wrote: You are correct. Barbara Wilmink Brown Thayer Shedd, Inc. 980 Boston Post Road Darien, CT 06820 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 ofNew Canaan for the house we are going to build and it is estimated at $1,945,765.00 Thanks! On Sep 13, 2012, at 2:48 PM, Barbara Wilmink wrote: Hi = I apologize. I started this e-mail yesterday morning and am just getting around to finishing 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 EFTA_R1_00832349 EFTA02160117 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 6th, 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. 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 pt From: Sent: Tuesday, September 11, 2012 8:03 AM To: B• r Wilmink Cc: Sub] 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 EFTA_R1_00832350 EFTA02160118 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 ours: 8:30 am to 4:30 pm <20120910161413556.pd <20120912095227837.pdf> EFTA_R1_00832351 EFTA02160119