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Now that the loss has occurred, where will the funds come from to repair the damage? And how will the loss be adjusted? For property losses involving high valued claims, insurance may or may not be available. If coverage is available, the deductibles and self-insured retentions may be very expensive and the use of insurance may limit certain types of federal aid. Experience indicates that it is unlikely that a single source of funding (such as insurance) will be sufficient to pay for major property losses. In some instances, parts of the association may be subject to eminent domain and/or zoning laws that forbid entire reconstruction. The presenters include those involved with adjusting, insuring, and funding large losses.
Special Note: This program is a recorded education session from the 2018 CAI Law Seminar.
Duration: 60 minutes
Program Description
Now that the loss has occurred, where will the funds come from to repair the damage? And how will the loss be adjusted? For property losses involving high valued claims, insurance may or may not be available. If coverage is available, the deductibles and self-insured retentions may be very expensive and the use of insurance may limit certain types of federal aid. Experience indicates that it is unlikely that a single source of funding (such as insurance) will be sufficient to pay for major property losses. In some instances, parts of the association may be subject to eminent domain and/or zoning laws that forbid entire reconstruction. The presenters include those involved with adjusting, insuring, and funding large losses.
Speakers:
- Marc D. Markel, Esq.
- Sandra K. Denton, CMCA, LSM, PCAM
- Vincent J. Hager, CIRMS,
- Lisa A. Magill, Esq.
- Kathryn C. Danella, CMCA, LSM, PCAM
- Phillip Masi, CIRMS;
- Dawn Bauman, CAE,
- C. Scott Canady,
- Robb Greenspan (Public Adjuster),
- Theresa N. Melson, PCAM, CIRMS
- Ronald R. Reitz (Public Adjuster)
- Robert Sides, AMS, PCAM
- Robert A. Travis, CIRMS
- Jennifer Wojciechowski, J.D.
- George E. Nowack, Jr., Esq.
Continuing Education Credit
This program provides 1 credits toward:
- Certified Manager of Community Associations recertification
- Association Management Specialist redesignation
- Professional Community Association Manager redesignation
To earn credit, you must be personally registered for this program and print the certificate of completion to document your participation.
Manager Certifications and
Designations
Certified Manager of Community Associations
(CMCA®) /Association Management Specialist
(AMS®) /Professional Community Association Manager
(PCAM®) /Large-Scale Manager
(LMS®)
Management Company Designation
Accredited Association Management Company
(AAMC®)
Service Provider Designations and
Distinctions
Reserve Specialist
(RS®)/Community Insurance and Risk Management
Specialist (CIRMS®)/Educated Business
Partner