How to Get Started Writing Condos - ON DEMAND - NO CE
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- Not yet rated
- Categories:
- Big “I” Virtual University | Commercial Lines | Commercial Lines - Basic | 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:
- Access for 90 day(s) after purchase.
Description
Key Information Needed to Write Condos What you learn in this segment is that regardless who the customer is, the HOA or the unit owner, the same information is required. The agent needs:
- A copy of the association’s declarations or covenants, conditions and restrictions (CCR’s).
- An official letter documenting the definition of a unit’s boundaries detailing who is responsible for insuring which property.
- A copy of the applicable state statute.
- A verifiable or signed property valuation calculation.
7 Key Condo Definitions You Must Understand. To properly place coverage for either the HOA or the unit owner, the agent must be able to define seven key terms – 4 real property definitions and 3 key “responsibility” terms. The agent must be able to define and understand:
- Common Elements
- Limited Common Elements
- Unit Property
- Unit Improvements and Betterments
- Common Elements
- Limited Common Elements
- Unit Property
- Unit Improvements and Betterments
Who Insures Which Condo Property. Once the owner understands who is responsible for which real property (as defined), all that is left is designing the insurance program for either the HOA or the unit owner. If the HOA isn’t responsible for insuring it, the unit owner is.
Basic Course Information
Learning Objectives- Learn key information needed to write condos
- 7 key condo definitions you must understand
- Who insures which condo property
Course Materials
| How to Get Started Writing Condos Outline (0.01 MB) | Available after Purchase | ||
| How to Get Started Writing Condos Handout 1 of 2 (0.57 MB) | Available after Purchase | ||
| How to Get Started Writing Condos Handout 2 of 2 (0.16 MB) | Available after Purchase | ||
Faculty
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