WEB240710P - Part 2 When Nature's Fury is Unleashed on Your Insureds Town

Description

Valid 3 CE MT | OR | WA

As part 2 of Nature's Fury, In this continuation we look at 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.

Instructor: Robert Shomo, CIC

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