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Ordinance or Law Insurance: Coverage & Claim Perspectives
Member Price: $199.00
Nonmember Price: $279.00
Product Code: E2181716G/REGIS
Date Held:
October 11, 2017





 Before 10/11/2017StandardAfter 10/11/2017
Member$199.00$199.00$199.00
Non-Member$279.00$279.00$279.00


Description of Product
Date Held:
October 11 
 
Description:

Ordinance or Law Insurance: Coverage & Claim Perspectives

Date: Wednesday, October 11th, 2017

Time: 2-3:30 p.m.

Series Summary:

This webinar will cover the fundamental concepts of Ordinance or Law Insurance. With multiple coverage parts to be considered (including business income) the speaker will analyze when this coverage should be required and how to make sure adequate limits are in force. Consideration will be provided to why this coverage (often completely excluded in property policies) should be required, even in the absence of a non-conforming zoning status. Should zoning reports truly be the only deciding factor that lenders or borrowers use when deciding to require or purchase this coverage? The issue of how various types of zoning characteristics impact the coverage decision making process will also be considered.

The webinar will be a useful conversation to educate lenders, servicing personnel, asset managers, property owners and investors, about the complexities of the topic. The decision making process about when, and how much coverage to require, is more complex than generally thought. There are many factors influencing this coverage which determine if enough coverage is being purchased. Further, if there is a claim, will the recover amount allow for the continued economic viability of the asset?

Objectives:

Attendees should expect to understand:

  • How much insurance is required to protect your collateral?
  • Zoning reports and Rights to Rebuild
  • Key insurance terminology and policy terms and conditions
  • Understanding the multiple coverage parts
  • Impact of claims on continuing viability of the asset

Speakers:

  • Mike McDaniel,President & Owner, Fortress Risk Consultants, LLC

Who Should Attend?

  • Insurance Directors
  • Loan Closers & Underwriters
  • Commercial Servicers
  • Asset Managers
  • Property owners & Investors

 
 
Product Category:
Live Webinars 
 
Contact Info:

For registration information, call (800)-793-6222 or email education@mba.org

 
 
Contact E-mail:
education@mba.org 
 
Product:
E2181716G/REGIS 
 
Title:
Ordinance or Law Insurance: Coverage & Claim Perspectives 
 


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