When Nature's Fury is Unleashed on Your Insured's Town - Part 1
Wednesday, June 5, 2024 (10:00 AM - 1:00 PM) (EDT)
Description
Part 1 covers:
How do insurance professionals appropriately insure Main Street America’s real property with 100+ year-old buildings that are purchased for a few hundred thousand dollars and have a multi-million-dollar replacement cost estimator? In this session, participants discuss the built-in moral hazard and contemplate the appropriate property coverage form choice (Replacement Cost, Functional Replacement Cost, Actual Cash Value) and its effect on the insured’s exposures and viability of their business. Using 4 catastrophic losses in a 4-year period, they will examine the reasons why insurance professionals must insure to the catastrophic loss exposure and not be lulled to sleep by satisfactory partial loss settlements.
Your instructor for this course is Robert Shomo, CIC
Approved for 3 hours State CE for Georgia, Mississippi and Alabama Licensees.
Member Rate $40
Non Member Rate $80
Can be completed in the comfort of your office or home
Class time listed is Eastern Time Zone. Please adjust accordingly if located in Central Time Zone.
CE