Event

Session Description

Presenters

CIRMS Masters Program: Fidelity Insurance Losses: Adjusting and Prosecuting Claims to Ensure Efficient and Maximum Recovery​

Association funds or property can go missing, but what was it by theft? And, if so, by whom? Obtaining a recovery from a crime insurance policy may not be a simple matter. This program will explain why establishing the “proof of loss” is very important especially if the civil justice system is used.

Moderated by Theresa Melson, AMS, PCAM, CIRMS, USI Insurance Services, Chesapeake Beach, MD and Andrea J. (AJ) Scott, CIRMS, Cline Agency Insurance Brokers, Los Angeles, CA; Thomas M. Ware, II, Esq., Kulik Gottesman Siegel & Ware, LLP, Sherman Oaks, CA; Ronald S. Stone, PhD, CPA, California State University, Northridge, CA​

CIRMS Masters Program: HO-6: Principles and Practices of Divvying Up Deductibles and Funding Loss Assessments​

Allocating insurance risk (its cost and deductibles) has at least two components: Defining financial responsibility and Funding that responsibility whether by the association (in the master insurance) or by the unit owner (in their personal insurance). This program will set forth the key issues for each component and focus on the use of personal insurance.

Karen O'Connor Corrigan, CIRMS, O'Connor Insurance Agency, St. Louis, MO; Robert M. Diamond, Esq.*, Reed Smith, LLP, McLean, VA; Stephen M. Marcus, Esq.*, Marcus, Errico, Emmer & Brooks, P.C., Braintree, MA​

CIRMS Masters Program: Risk Management & Insurance Case Law: Learning at the Expense of Others​

Learn about important insurance case law directly involving community associations as well as insurance cases that could impact association governance, maintenance, and operations. As in the CIRMS Case Law 2019, all of the CIRMS Case Law 2020 will be supplemented with additional links for supporting material.

George E. Nowack, Jr., Esq.*, NowackHoward, LLC Atlanta, GA; Jennifer Wojciechowski, JD, CIRMS, Community Association Underwriters of America, Newtown, PA​

CIRMS Masters Program: Vendor/Contractor Qualification Packets (VQPs): Creating an Alignment Between Contractor's Insurance & the Insurance Actually Provided by the Contractor's Insurance Agent​​

Transferring risk in the use of contractors and vendors works best if the contractor or vendor has insurance that can actually pay for claims and losses arising from their work for the association. It is important that the contractor’s insurance agent is directly involved in the risk transfer. This program will provide a way to create that alignment of interests between all the parties.

Moderated by Cliff Treese, CIRMS, Association Data, Inc., Mountain House, CA; Ronda Ashley, CIRMS, CB Insurance, Greenwood Village, CO; Phillip Masi, CIRMS, AssuredPartners, Winter Springs, FL​

Love Me Tender: A Plea for Acceptance of Community Association Insurance Claims (CIRMS Master Program CROSSOVER Session)​

Maybe there’s a reason to fear tendering a claim to insurance. But what is the point of having insurance if you aren’t going to use it when the need arises? Hesitating to tender a claim can create issues for coverage options and availability. So, go ahead and tender the claim. What’s the worst that can happen? They say no, and you’re in the same place as if it wasn’t tendered in the first place. The panel will discuss perils of the wait-and-see approach for small issues and arguments to obtain coverage.

Daniela Burg, Community Association Underwriters of America, Newtown, Pa.; David C. Swedelson, Esq., SwedelsonGottlieb, Los Angeles