For
each of the last 5 years, provide the actual number of "Paid
Skier Days" (Total Number of Lift Tickets issued including
full day, half day, night, multiple day, adult and child.
This should not include season tickets or complimentary tickets).
Number
of season tickets:
Number
of complimentary tickets:
Resort's
policy on issuance of complimentary tickets.
Please
give detailed explanation for any change in "Paid Skier
Days" over 5% from one year to the next over the past
5 years.
Show
the resort's average dollar value per "Paid Skier Day"
for each of the last 5 years. This should include all services
providing income to the Ski area (i.e.: lift tickets, restaurant
service, rentals, ski lessons.....).
What
are the budgeted "Paid Skier Days" and value per
"Paid Skier Day" for the proposed insurance term?
What
are the total advertising expenditures for each of the last
5 years?
What
are the budgeted advertising expenditures for the coming
year?
Describe
the capital improvements and expenditures to the Resort
in each of the past 3 years.
What
is included in the budget for the coming year?
Describe
the plan for increasing "Paid Skier Days", if
at certain key dates the actual numbers are below budget.
What
is the present market share and the reasons you see for that
changing over the next two years?
What
percentage of the total skiable acres are covered by snowmaking
equipment?
What
is the Resorts average opening date and average closing
date?
What
have been the opening and closing dates in each of the past
five years?
What
are typically the four busiest weeks of the ski year?
What
insurer currently provides the property insurance including
business interruption insurance for damage to the ski area's
property and equipment?
What
limits are purchased?
What
percentage of business typically comes from outside the USA?
Has
there ever been a year where actual paid skier days failed
to reach 90% of budget?
If
so, when and what were the causes?
Provide
a copy of the latest Financial Statements.
Are
there any situations that you expect could occur this year
that would have an impact on "Paid Skier Days"
- up or down?
Precisely
how is snow measured at the Resort?
Base:
Mid
Mountain:
Summit:
Provide
five years snow fall numbers for the months of December, January,
February, March and April.
Do
these numbers represent base of mountain, mid mountain or
summit?
Has
the method of measurement changed over the past 5 years or
is it expected to change this year?
How
do these measurements compare to what is shown on the Internet
or reported to the media?
Who
is the person responsible for the measurement?
I
hereby declare that the statements and particulars made by
me on behalf of the Corporation are true and I have not suppressed
or misstated any fact. I further declare that I understand
that Underwriters in considering this Application, will rely
upon the fact that all information contained herein is true
and accurate and that this Application shall be the basis
of any Policy issued by the Underwriters.
I
understand that suppression or misstatement of fact in this
Application may render violable any policy issued by Underwriters.
Accepting
of this application form does not bind the Applicant or the
Underwriters to complete the Insurance.
Accept
Decline
Name
and Title:
