Commercial/Multifamily: Ordinance or Law Insurance 2021 | Mortgage Bankers Association (MBA) | 27 July 2021 |
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| Event Date | Tue Jul 27 EDT (over 3 years ago) |
| Region | Americas |
Details
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.
Who Should Attend?
• Real Estate Owners & Investors
• Insurance Directors
• Loan Closers & Underwriters
• Commercial Servicers
• Others concerned with insurance matters, such as attorneys and consultants who work within the real estate industry
Speakers
2021 Speaker
Mike McDaniel
President & Owner, Fortress Risk Consultants, LLC