Total Credits: 1 including 1 CE Credit
“Guaranteeing” Replacement Cost in the HO Policy
ISO makes two endorsements available to “guarantee” replacement cost protection. These are the:
Although both forms provide some “guarantee” towards full replacement cost protection, they differ in how they affect the policies to which they are attached. how some agents are misusing these endorsements.
Any house not in compliance with current building codes subjects the owner to a potentially major coverage gap following a “major” loss because ISO’s homeowners’ policy provides only a limit amount of coverage to pay the additional costs of rebuilding a home in compliance with current building codes.
More than one-third of HO claims are attributable to dog bites according to an Insurance Information Institute report. States apply different rules regarding when liability is assigned to the dog owner.
IMPORTANT_CE Credit Instructions_Read Before Webcast_Updated (752.6 KB) | Available after Purchase |
“Guaranteed” Replacement Cost, Building Codes and Dog Bites Outline (18 KB) | Available after Purchase |
“Guaranteed” Replacement Cost, Building Codes and Dog Bites Handout 1 of 2 (1.4 MB) | Available after Purchase |
“Guaranteed” Replacement Cost, Building Codes and Dog Bites Handout 2 of 2 (354.6 KB) | Available after Purchase |
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS, joined the insurance industry in 1990. He is the Executive Director of the Independent Insurance Agents and Brokers of America (Big "I") Virtual University. His current duties involve researching, writing, and teaching property and casualty insurance coverages and concepts to Big "I" members and others in the insurance industry.
During his career, Boggs has authored more than 300 insurance and risk management-related articles on a wide range of topics as diverse as Credit Default Swaps, the MCS-90, and enterprise risk management. In addition to this, Boggs has written 13 insurance and risk management books:
Boggs is a regular speaker at industry events, speaking for groups such as the National Association of Mutual Insurance Companies (NAMIC), the National Society of Insurance Premium Auditors (NSIPA), the American Association of Managing General Agents (AAMGA), the Institute of Work Comp Professionals (IWCP), and the CPCU Society.
A graduate of Liberty University with a bachelor's degree in Journalism, Boggs' background includes work as a risk management consultant, loss control representative, producer, claims manager, and quality assurance specialist
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