COVERAGE COMPARISON ACE VERSUS FIREMAN S FUND - TEXAS EDITION ACE PRIVATE RISK SERVICES

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1 The following is a representation of the key coverage differences between the Fund Prestige Premier contract, the Texas Bureau Form, and the Portfolio contract in Texas. Please refer to the respective insurance policies for further clarification and details. OVERALL Texas Bureau Form Portfolio approach No No Deductible reserve No No Credit card payment No No HOME Full replacement cost ; Unless loss is caused by hurricane, then capped at 200% Additions & alterations - Full Replacement Cost - Full Replacement Cost Cash settlement Replacement cost for contents Flexible limits Loss of use Medical expenses $50,000 $25,000, no limit specified Mold remediation $10,000 $10,000 Sewer, drain backup Deductible waiver, Deductible $50,000 or less, $25,000 deductible or less No Realty tax assessment, up to $25,000, up to $25,000 Identity fraud expense $100,000 $50,000 Loss prevention devices, up to $2,500, up to $5,000 Disability alterations, up to the lesser of $50,000 or 5% Dwelling limit or 5% Personal Property limit/a&a limit, up to the lesser of $50,000 or 5% Dwelling limit or 5% Personal Property limit/a&a limit Loss assessment $100,000; $10,000 for deductible $100,000; $10,000 for deductible Landscaping $5,000 per item $5,000 per item Pet $5,000 $5,000 No Moving and Storing, reasonable expenses up to 90 days if residence is not damaged, reasonable expenses up to 90 days if residence is not damaged Preventive Measures $10,000 $10,000 (Wildfire only) Kidnap Expense $100,000 $100,000 Firearms $10,000 ($5,000 per item) No sublimit Metalwares $10,000 No sublimit HOME OPTIONS Primary flood / surface water $250,000 home / $100,000 contents Up to policy limits Family security 1. As represented by the Fund 2014 Homeowners policy. This list does not include all coverages available.

2 OVERALL Portfolio approach Deductible reserve Credit card payment HOME Replacement cost Additions & alterations Cash settlement Replacement cost for contents Flexible limits Loss of use Medical expenses Mold remediation Sewer, drain backup Deductible waiver Realty tax assessment Identity fraud expense Loss prevention devices Disability alterations Loss assessment Landscaping Pet Moving and Storing Preventive Measures Kidnap Expense Firearms Metalware HOME OPTIONS Primary flood / surface water Family security General Description of One program, one bill covers many needs. Reduces deductible on first claim by 10 percent for each prior claim-free year (for Home and Auto). 2 Easy payment s including one-time payment online with credit card, setting up automatic recurring payments, and EFT. Rebuilds home and other structures at existing property after a total loss In most cases, even if the cost exceeds the policy limit. Covers cost to rebuild additions & alterations for condos and co-ops. Offers cash if not rebuilding after a total loss. Replaces damaged personal property without applying depreciation in most cases. Flexibility to tailor coverage limits increase or decrease to match the true value of personal property and other structures. to maintain living standard while home is being repaired or civil authorities have mandated an evacuation. Pays for bodily injury medical expenses to a third party as a result of an accident caused by you or a domestic pet, or an accident occurring on your property. Covers property damage due to mold or bacteria resulting from a covered loss. Covers damage due to water backing up through sewers, drains, and sumps. Waives deductible for losses over specified amount. Covers increased tax liability directly related to repair, rebuilding, or reconstruction of damaged property in the event of a total covered loss. Covers expenses incurred due to identity fraud. Covers installation of devices that help prevent similar, future losses. Covers cost of making home accessible for a family member who becomes permanently disabled due to a sudden and accidental event. Covers loss assessments levied by a property owner association. Replaces or repairs trees, shrubs, plants, lawn after a covered loss. Covers losses to covered property directly caused by a domestic pet. Covers reasonable expenses for moving and storing personal property that is endangered as result of another covered loss. Reimbursement for reasonable expenses to protect residence in imminent danger of extreme act of nature. Covers expenses incurred due to kidnapping. for firearms and related equipment that are stolen, misplaced or lost. for metalware that is stolen, misplaced, or lost. Covers physical loss or damage to residence, personal property, and other structures, including debris removal, caused directly by surface water or flood. Covers expenses related to home invasion, child abduction, car jacking, stalking, and hijacking. 2. The minimum deductible reserve applicable to automobile policies is $100 for Collision in New York and Pennsylvania and $50 for Comprehensive in New York.

3 OEM parts General Description of Covers use of body and mechanical parts produced by the original manufacturer in repairs. Road service Pays for on-the-spot emergency repairs or towing to nearest repair facility. Reasonable cost Reasonable cost Overnight expenses Covers reasonable expenses for covered losses more than 50 miles from home. $1,500 $2,500 Lock replacement Replaces locks if keys are lost or stolen / with no deductible. / / Full glass coverage Repairs or replaces chipped or broken windows / with no deductible. / / Airbag replacement Pays cost of repairing or replacing air bags that accidentally deploy / with no / / deductible. Rental reimbursement Rental loss of use Lease GAP coverage OPTIONS Agreed value Pays for comparable auto rental if insured vehicle is being repaired due to a covered loss. $10,000 Covers loss of use fees levied by rental company for damage to vehicle. $10,000 Pays the difference between the market value of your leased vehicle and the amount you owe the leasing company after a total covered loss. Locks in the value of your vehicle to avoid depreciation during the policy term if it becomes a total loss. $15,000 No limit, included 1. As represented by the Fund 2014 Automobile policy. This list does not include all coverages available.

4 General Description of Market value Pays market value up to 150 percent of scheduled amount of insured item. Blanket coverage Option to cover a group of items, such as jewelry or wine, is available for any type of collection. Maximum amount paid for one item covered under blanket coverage. $10,000; $50,000 Blanket per-item limit Up to $100,000 available Pairs and sets Provides reimbursement as a total loss if one item of a pair or set is lost, damaged, or stolen and the matching items are surrendered. Fragile item breakage Protects against losses due to breaks or fractures of fragile items, such as sculptures, crystal, and china. Automatically covers items added to an insured collection. 25% of limit, 100% of limit, Newly Acquired Items within first 90 days 2 within first 90 days 1. As represented by the Fund 2013 Valuables policy and/or Texas Bureau Valuables policy with 2013 FFIC Valuables Endorsement. This list does not include all coverages available. Extra coverages, such as Provenance, Death of an Artist, Commissioned Works in Progress, Reward, Ransom, Fine Art Recovery, and Collections Reference Library, are not available under the Portfolio contract. 2. For Fine Art. For jewelry, furs, photographic equipment, musical instruments, metalware, golf equipment, coins, postage stamps, and home computers, 25% of limit, up to $25,000, within first 30 days.

5 High limit availability Fills coverage gaps Private consultation Reputation damage Newly acquired autos and watercraft Rented or borrowed autos and watercraft OPTIONS Uninsured/ underinsured Employment practices Directors & officers Family trust General Description of Limits up to $100 million available to cover liability for property damage, bodily injury, and offense (such as false arrest, libel, slander, and invasion of privacy). in Umbrella policy will pay from first dollar of loss in most cases if coverage gap exists in Home or Auto policy. Pays reasonable expenses for law firm of your choice to review and consult on the defense covered by the policy; s up to $250,000 available. Covers fees for a public relations firm to protect your reputation in connection with the defense covered by the policy; s up to $250,000 available. Covers your liability from the first dollar for bodily injury or property damage resulting from your use of an auto or watercraft within the first 60 days of becoming its owner. Covers your liability from the first dollar for bodily injury or property damage resulting from your use of a rented or borrowed auto or watercraft, provided the rental or loan does not exceed 90 days. Protects your family if they suffer bodily injury or property loss at the hands of someone who has no or insufficient insurance, with limits up to $10 million available. Covers lawsuits brought by private household staff for sexual harassment, discrimination, and other wrongful employment acts. Protects unpaid board members or trustees of charitable organizations against lawsuits involving a variety of wrongful acts such as sexual harassment, discrimination, wrongful termination, libel, slander, invasion of privacy, and plagiarism. Covers damages resulting from a negligent act, error or omission, or breach of duty while carrying out your responsibilities as a trustee of a family trust. No $25,000 $25,000 $25,000 $25,000, 90 days or less, if covered by underlying auto policy, 45 days or less 1. As represented by the Fund 2007 Umbrella policy. This list does not include all coverages available. Important Notice: This brochure contains only a general description of the insurance coverages provided by our policies. terms are subject to change and can vary by state. The brochure does not include all of the benefits and limitations found in the policy. The insurance policy itself, not this descriptive brochure, will form the contract between the policyholder and the insurance company. Policies issued by Bankers Standard Insurance Co., ACE Insurance Company of the Midwest, and Atlantic Employers Insurance Co. Copyright 2015 PL-656TX ACE Private Risk Services Home Auto Yacht Valuable Collections Umbrella Liability