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“Guaranteed” Replacement Cost, Building Codes and Dog Bites


Total Credits: 1 including 1 CE Credit

Average Rating:
   1
Categories:
Big “I” Virtual University |  Personal Lines |  Personal Lines - Basic
Faculty:
Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS
Course Levels:
All Levels
Duration:
1 Hour
License:
Product Setting: Expires 30 day(s) after program date.

Dates


Description

“Guaranteeing” Replacement Cost in the HO Policy

ISO makes two endorsements available to “guarantee” replacement cost protection. These are the: 

  • HO 04 11 – Additional Limits of Liability for Coverages A, B, C, and D
  • HO 04 20 – Specified Additional Amount of Insurance for Coverage A Dwelling

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.

Basic Course Information

Learning Objectives
  • Discuss ordinance or law problems for homeowners
  • Understanding dog bite rules and statutes

Course Materials

Faculty

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS's Profile

Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS Related Seminars and Products


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:

  • "The Insurance Professional's Practical Guide to Workers' Compensation: From History through Audit," now in its second edition;
  • "Business Income Insurance Demystified: The Simplified Guide to Time Element Coverages," now in its third edition;
  • "Property and Casualty Insurance Concepts Simplified: The Ultimate 'How to' Insurance Guide for Agents, Brokers, Underwriters and Adjusters;"
  • "Wow! I Never Knew That! 12 of the Most Misunderstood and Misused P&C Coverages, Concepts and Exclusions;"
  • "Insurance, Risk & Risk Management! The Insurance Professional's Guide to Risk Management and Insurance;"
  • "Workers' Compensation: How You Can Effectively Answer Your Clients 12 Most Commonly Asked Questions;"
  • "Glossary of Insurance Terms;"
  • "Choosing the Best Risk Financing Option;"
  • "Writing Property and Liability Coverage for Condos;"
  • "The Truth about Enterprise Risk Management;"
  • "The Experience Mod Worksheet;"
  • "What has ISO Done to us Now?" and
  • "Cancellations, Non-Renewals & Conditional Renewals: THE Insurance Professional's Guide to Statutory Insurance Carrier Notification Requirements for All 50 States!"

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


Dates

Tue, May 14, 2024 - 11:00am to 12:04pm MST-Arizona
Wed, May 29, 2024 - 05:00am to 06:04am MST-Arizona
Mon, Jun 10, 2024 - 06:00am to 07:04am MST-Arizona
Thu, Jun 20, 2024 - 07:00am to 08:04am MST-Arizona
Tue, Jul 02, 2024 - 08:00am to 09:04am MST-Arizona
Wed, Jul 17, 2024 - 10:00am to 11:04am MST-Arizona
Wed, Aug 14, 2024 - 11:00am to 12:04pm MST-Arizona
Thu, Aug 29, 2024 - 05:00am to 06:04am MST-Arizona
Mon, Sep 16, 2024 - 06:00am to 07:04am MST-Arizona
Thu, Sep 26, 2024 - 07:00am to 08:04am MST-Arizona
Mon, Oct 07, 2024 - 08:00am to 09:04am MST-Arizona
Wed, Oct 23, 2024 - 10:00am to 11:04am MST-Arizona
Thu, Nov 14, 2024 - 12:00pm to 01:04pm MST-Arizona
Mon, Nov 25, 2024 - 06:00am to 07:04am MST-Arizona
Fri, Dec 06, 2024 - 07:00am to 08:04am MST-Arizona
Thu, Dec 19, 2024 - 08:00am to 09:04am MST-Arizona

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Overall:      5

Total Reviews: 1