Ordinance or Law Insurance

Tue Jul 27, 2021
Learn about this important and poorly understood coverage, and how lenders and insureds can be severely impacted if they don't have adequate coverage in place. With multiple coverage parts to be considered (including business income) the speakers will review when this coverage should be required, and how to make sure adequate limits are in force. Consideration will be provided to why this coverage, which is often completely excluded in property policies, should be required, even in the absence of a legal, non-conforming zoning report. Should zoning reports truly be the only deciding factor that lenders or borrowers use when deciding to require or purchase this coverage?webinar will cover the fundamental insurance concepts around the subjects of Flood, Windstorm and Earth Movement (Quake). These are the Big Three, when it comes to catastrophic insurance coverage. We will discuss the essential aspects of coverage limits, deductibles and terms & conditions around each of these perils. Consideration will also be given to concentration analysis, and risk modeling.

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Date 07-27-2021 MDT
Event Time Zone MDT

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