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To

Peter Tourbier&Dynna Jazmine Tourbier

Address: Cahayag 6329 Tubigon, Bohol Phone Fax : : Date: March 26, 2012 Re : RENEWAL NOTICE

Dear Mr./Mrs. Tourbier: Please be reminded that the following insurance is due for renewal.

1.) Policy No.: Name of Assured: Insurance Company: Location of risk: Occupancy: Expiry Date: Total Sum Insured: Coverage:

FI-NIL-EV-9005935 Peter Tourbier & Dynna Jazmine Tourbier MAPFRE INSULAR INSURANCE Cahayag 6329 Tubigon, Bohol occupied as residential April 01, 2012 Php 1, 704,000.00 La Casa Completo

Total Premium:
For your guide.

Php 3,136.00 (inclusive of taxes)

In order to avoid problems due to under-insurance on your property, we would like to propose that you update your current sum insured on an annual basis or once every two years, if appropriate, for your adequate protection. This scenario is further explained byAverage Clause" condition under the standard Fire policy in the Philippines, as follows:

"If the property hereby insured shall at the breaking of any fire be collectively of greater value than the sum insured thereon, then the insured shall be considered as being his/her own insurer for the difference and shall bear a ratable proportion of the loss accordingly."

Formula: Amount of Settlement: Sum Insured/Value of Property X Amount of Loss Sample Illustration : Sum Insured: Value of Property Case 1 Case 2

P500, 000.00 P1, 000,000.00(Actual Value of the Property) Total Loss Claim Partial Loss-Repair Estimate of P300, 000.00

Case 1: Settlement Amount - P500,000.00/P1,000,000.00 X 1,000,000.00 =P500, 000.00 Note: In case of Total Loss, the amount to be paid is equal to the Sum Insured only. Case 2: Settlement Amount = P500,000.00/1,000,000.00 X P300, 000.00 =P150, 000.00 The above examples will give you an idea on the impact of under-insurance. If there is a need then to correct your property's worth, it is best to have it evaluated by a professional appraisal company. For a simple structure, such as a Class "A" residential building, you may use the floor area method to get the sum insured(ex. P30,000.00/square meter X 240 square meters P7,200,000.00) The value of P30,000/square meter is for illustration purposes only. This amount will vary depending on the kind of materials used for construction. For contents, the acquisition cost of the declared items is used as basis of sum insured.

We await for your instruction to issue the above policy. Should you have questions please feel free to call us at 253-5510 or 253-8167.
Thank you and best regards.

Very truly yours, Maria Cristina C. Dongallo Juvy Montecillo Secretary

To

Peter Tourbier&Dynna Jazmine Tourbier

Address: Cahayag 6329 Tubigon, Bohol Phone Fax : : cc : Re : RENEWAL NOTICE

Dear Mr. Edward Young: Please be reminded that the following insurance is due for renewal.

1.) Policy No.: Name of Assured: Insurance Company: Location of risk: Occupancy:

FI-NIL-EV-9005934 Peter Tourbier & Dynna Jazmine Tourbier MAPFRE INSULAR INSURANCE Cahayag 6329 Tubigon, Bohol BLDG.l - occupied as office BLDG.ll occupied as servants quarter BLDG lll occupied as school BLDG.lV occupied as guest house

Expiry Date: Total Sum Insured: Coverage:

April 01, 2012 Php 1, 704,000.00 Fire and Lightning; Riot, Strike/Malicious Damage, Robbery

Total Premium:
For your guide.

Php 1,427.67 (inclusive of taxes)

In order to avoid problems due to under-insurance on your property, we would like to propose that you update your current sum insured on an annual basis or once every two years, if appropriate, for your adequate protection. This scenario is further explained byAverage Clause" condition under the standard Fire policy in the Philippines, as follows:

"If the property hereby insured shall at the breaking of any fire be collectively of greater value than the sum insured thereon, then the insured shall be considered as being his/her own insurer for the difference and shall bear a ratable proportion of the loss accordingly."

Formula: Amount of Settlement: Sum Insured/Value of Property X Amount of Loss Sample Illustration :

Sum Insured: Value of Property Case 1 Case 2

P500, 000.00 P1, 000,000.00(Actual Value of the Property) Total Loss Claim Partial Loss-Repair Estimate of P300, 000.00

Case 1: Settlement Amount - P500,000.00/P1,000,000.00 X 1,000,000.00 =P500, 000.00 Note: In case of Total Loss, the amount to be paid is equal to the Sum Insured only. Case 2: Settlement Amount = P500,000.00/1,000,000.00 X P300, 000.00 =P150, 000.00 The above examples will give you an idea on the impact of under-insurance. If there is a need then to correct your property's worth, it is best to have it evaluated by a professional appraisal company. For a simple structure, such as a Class "A" residential building, you may use the floor area method to get the sum insured(ex. P30,000.00/square meter X 240 square meters P7,200,000.00) The value of P30,000/square meter is for illustration purposes only. This amount will vary depending on the kind of materials used for construction. For contents, the acquisition cost of the declared items is used as basis of sum insured.

We await for your instruction to issue the above policy. Should you have questions please feel free to call us at 253-5510 or 253-8167.
Thank you and best regards.

Very truly yours,

Maria Cristina C. Dongallo Juvy Montecillo Secretary