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Condos & How to Insure Them

Big "I" Members: $39
Nonmembers: $89

One (1) CE credit approved in select states (approved states at right).

See below for all session dates and times.

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Please note this is a 1-hour CE course.

Because the unit owner's coverage must dovetail seamlessly with the association's coverage, the same information is required for both parties regardless which person or entity is the agent's client. Every agent writing either a unit owner OR a condominium association must have:
 

  • A copy of the association's declarations and covenants, conditions and restrictions (CCRs);
  • A copy of the applicable state statute;
  • An official letter documenting the unit's boundaries and detailing who is responsible for insuring which property; and
  • A verifiable or signed property valuation.

Having this information allows the agent to answer the three KEY questions when analyzing and placing coverage for either a unit owner OR a condominium association:

  1. Who "owns" what property?
  2. What value applies to the owned property? (And what should be used?)
  3. Who is liable for bodily injury and/or property damage?

Not knowing, or just guessing, the answers to these three questions can leave gaping holes in coverage. The unit owner, the association, or both may be vastly underinsured. 

This part of the session allows agents to crack the condominium conundrum, allowing them to figure out how to properly write coverage for the unit owner AND/OR the association. In this webinar we show attendees how to answer the three key questions while at the same time revealing:

  • Three levels of associational responsibility (and, thus, the unit owner's responsibility);
  • Four real property" definitions unique to condominiums;
  • How to properly extend real property coverage for the unit owner;
  • How an NFIP policy muddies the water (so to speak); and
  • Various valuation methods potentially applicable to associations.
2020 WEBINAR DATES START TIME
MondayOctober 26, 20201:00 PM Eastern
TuesdayOctober 27, 20201:00 PM Eastern
TuesdayNovember 17, 20201:00 PM Eastern
WednesdayNovember 18, 20201:00 PM Eastern
MondayDecember 14, 20201:00 PM Eastern
TuesdayDecember 15, 20201:00 PM Eastern
WednesdayDecember 16, 20201:00 PM Eastern
ThursdayDecember 17, 20201:00 PM Eastern
FridayDecember 18, 20201:00 PM Eastern

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Your instructor for this webinar is Big "I" Executive Director of Risk Management & Education, Christopher J. Boggs, CPCU, ARM, ALCM, LPCS, AAI, APA, CWCA, CRIS, AINS.

All 1-hour Big I" Virtual University CE webinars include access to the live event, a link to the post-event on-demand recording available to you 24/7, and a transcript, a valuable and value-added reference tool.

CE APPROVED STATES
Please check back soon for updates.

ALASKA
Approved for 1 CE credit. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.


ARIZONA

Approved for 1 CE credit. Course ID 105776. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

INDIANA
Approved for 1 CE credit. Course 37127. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

KANSAS
Approved for 2 CE credits. Course 6000075181. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

LOUISIANA
Approved for 1 CE credit. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

MARYLAND
Approved for 1 CE credit. Course number 106080. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

MISSOURI
Approved for 1 P/C credit - #17004167. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

NEVADA
Approved for 1 CE credit. Course number 23722. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

NEW JERSEY
Approved for 1 NJCE credit. Course ID 88902112. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.


OKLAHOMA
Approved for 1 CE credit. Course 6000063798. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.

OREGON

Approval pending

WEST VIRGINIA
Approved for 1 CE credit. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.


WYOMING
Approved for 1 CE credit. Course 30943. Student must be logged in individually (1 seat) the entire session and answer all poll questions. The student receiving CE credit must be the name of the student logging in and attending.
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​127 South Peyton Street
Alexandria VA 22314
​phone: 800.221.7917
fax: 703.683.7556
email: info@iiaba.net

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