Cracking the Condominium Conundrum
Author: Chris Boggs
How can a policy generating about $75 in revenue cost you $5,000, $10,000, or more? Believing that writing an HO-6 is quick and easy is the beginning of an E&O storm that can cost you thousands (your E&O deductible).
In this 33-page Big "I" Virtual University Risk & Reality Report, author Chris Boggs answers the three KEY questions faced by every agent when analyzing and placing coverage for either a unit owner or a condominium association:
1. Who "owns" the property;
2. What value applies to the owned property/what should be used; and
3. Who is liable for bodily injury and/or property damage.
Whether you write the association or the unit owner, this report will be a valuable tool for you.
What is a Big "I" Virtual University Risk & Reality Report?
Our Risk & Reality Reports are white papers adapted from various Big "I" Virtual University webinars and articles written by some of the industry's leading experts.