E&O: Understanding Commercial Property Gaps and Knowing How to Fill Them

This program covers the essentials of coverage gaps, originating from limited coverage grants, exclusions, and limitations within insurance policies. It explores where coverage gaps are typically found in specific forms, such as the Building and Personal Property Coverage Form and the Causes of Loss – Special Form. In-depth discussions will highlight potential confusions surrounding covered property, the implications of valuations, and how exclusions can be addressed. The course will also emphasize the distinction between Actual Cash Value and Replacement Cost, alongside critical exclusions that can be navigated or mitigated. By the end of the session, participants will have a clearer grasp of how to manage coverage gaps and enhance policy understanding for better client service.

Approved for 3-hour E&O credit Swiss Re/Westport/IIABA. Utica approved

Speaker: Steve Lyon, CIC