When Nature's Fury is Unleashed on Your Insured's Town - Part 2
Wednesday, July 10, 2024 (10:00 AM - 1:00 PM) (EDT)
Description
Part 2 covers:
What are the hidden issues of insuring 100+ year -old buildings bought for a fraction of what it would take to rebuild them? These buildings are often bought and insured by small business enterprises as a home to their business model and give little thought to the ramifications of sharing walls with their neighbors and the effect of their insurance choices (especially Replacement Cost vs Actual Cash Value) on their livelihood and business viability. Using 4 catastrophic losses in 4 years, participants will examine catastrophic preparedness and ancillary issues, such as: shared walls, OSHA involvement, line of sight, contractors, and weather after the weather event. They will discuss ancillary coverage considerations with debris removal, business income extra expense, ordinance and law, and more.
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