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 |
PLEASE READ - IMPORTANT CE INFORMATION AND STATE REQUIRED FORMS (ABEN) (0.59 MB) | Available after Purchase |
Q&A (12.1 KB) | Available after Purchase |
NY AGENTS - REQUIRED TO READ THIS DOCUMENT (271.6 KB) | 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
Mon, Nov 11, 2024 - 11:00am to 02:00pm EST
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Mon, Dec 16, 2024 - 08:00am to 11:00am EST
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Tue, Jan 14, 2025 - 09:00am to 12:00pm EST
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Tue, Feb 18, 2025 - 09:00am to 12:00pm EST
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Mon, Mar 03, 2025 - 12:00pm to 03:00pm EST
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Fri, Apr 11, 2025 - 09:00am to 12:00pm EDT
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Fri, May 30, 2025 - 09:00am to 12:00pm EDT
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Mon, Jun 09, 2025 - 12:00pm to 03:00pm EDT
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Mon, Jul 14, 2025 - 09:00am to 12:00pm EDT
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Mon, Aug 18, 2025 - 09:00am to 12:00pm EDT
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Fri, Sep 12, 2025 - 12:00pm to 03:00pm EDT
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Mon, Oct 13, 2025 - 09:00am to 12:00pm EDT
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Fri, Nov 14, 2025 - 09:00am to 12:00pm EST
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Thu, Dec 11, 2025 - 12:00pm to 03:00pm EST
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NY - This course is approved for 3 hours of credit # NYCR-258934
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