Total Credits: 3 including 3 CE Credit
Audience: Professional/Personal Development
Replacement cost ain’t always replacement cost. Yes, I know that is poor English – but the point is, replacement cost isn’t as simple as new stuff for old junk. There are many caveats and limitations to full replacement cost (if there is such a thing). Key concepts that must be understood when property valuation is discussed include: actual cash value (ACV); the broad evidence rule; and indemnification.
But what happens if the property limits are too low? Property policies contain a Coinsurance Condition requiring the insured to carry a certain minimum amount of coverage to enjoy full coverage on partial losses. If the insured does not have the requisite limits, they could be penalized.
In this session we detail:
Course Slides (1.77 MB) | Available after Purchase | ||
Course Outine (0.09 MB) | Available after Purchase | ||
IABNY Agents - You must open this file to read the NYS mandatory CE announcements. (0.21 MB) | Available after Purchase | ||
PLEASE READ - IMPORTANT CE INFORMATION AND STATE REQUIRED FORMS (ABEN) (0.59 MB) | 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
Tue, Mar 09, 2021 - 01:00pm to 04:01pm EST
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Wed, Mar 17, 2021 - 01:00pm to 04:01pm EDT
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Tue, Jul 13, 2021 - 01:00pm to 04:01pm EDT
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Wed, Jul 21, 2021 - 01:00pm to 04:01pm EDT
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Thu, Jul 29, 2021 - 01:00pm to 04:01pm EDT
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Thu, Oct 28, 2021 - 01:00pm to 04:01pm EDT
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Tue, Nov 02, 2021 - 01:00pm to 04:01pm EDT
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Wed, Nov 10, 2021 - 01:00pm to 04:01pm EST
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Tue, Dec 07, 2021 - 01:00pm to 04:01pm EST
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Wed, Dec 15, 2021 - 01:00pm to 04:01pm EST
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Thu, Dec 23, 2021 - 01:00pm to 04:01pm EST
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KS - This course is approved for 3 hrs CE - Course# 600015088
Note - KAIA will file your earned CE electronically within 10 business day after course completions
MI - This course is approved for 3 hrs CE - Course#78956
TN - This course is approved for 3 hrs CE - Course#30270
GA - This course is approved for 3 hrs CE - Course#54168
NY - This course is approved for 3 hrs CE - Course#NYCR-258934
LA - This course is approved for 3 hrs CE - Course# 30303
NE - This course is approved for 3 hrs CE - Course# 38376
UT - This course is approved for 3 hrs CE - Course# 35855
NJ - This course is approved for 3 hrs CE - Course#88900358
MT - This course is approved for 3 hrs CE - Course#6000031945
ME - This course is approved for 3 hrs CE - Course#25739
WV - This course is approved for 3 hrs CE - Course# 106484
IL - This course is approved for 3 hrs CE - Course#6000028619
IN - This course is approved for 3 hrs CE - Course# 37518
AZ - This course is approved for 3 hrs CE - Course# 105807
MD - This course is approved for 3 hrs CE - Course#106862
AR - This course is approved for 3 hrs CE - Course#6000077763
NV - This course is approved for 3 hrs CE - Course# 24359
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