Case Study No. 3 A Baltimore based developer with premiums in excess of $2.5 million engaged HGI to perform a risk management/insurance analysis and administer a bid process for their insurance portfolio. Per-location underwriting surveys and individual policy analysis revealed gaps and inconsistencies in coverage. Bid specifications, incorporating HGI’s recommendations, were then distributed to qualified participants. By utilizing industry-approved cost indicators, replacement cost and blanket limits were aligned to the proper level, reducing incongruous valuation levels which led to over and under insurance. Subsequent coverages were consolidated into one master policy, resulting in premium cost reductions of over $1,000,000 ¬ a 40% savings ¬ and broader, more comprehensive coverage.