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 |
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
Tue, Jan 14, 2025 - 08:00am to 11:00am CST
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Thu, Jan 30, 2025 - 11:00am to 02:00pm CST
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Mon, Feb 10, 2025 - 02:00pm to 05:00pm CST
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Tue, Feb 18, 2025 - 08:00am to 11:00am CST
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Mon, Mar 03, 2025 - 11:00am to 02:00pm CST
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Tue, Mar 18, 2025 - 02:00pm to 05:00pm CDT
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Fri, Apr 11, 2025 - 08:00am to 11:00am CDT
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Wed, Apr 30, 2025 - 11:00am to 02:00pm CDT
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Tue, May 13, 2025 - 02:00pm to 05:00pm CDT
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Fri, May 30, 2025 - 08:00am to 11:00am CDT
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Mon, Jun 09, 2025 - 11:00am to 02:00pm CDT
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Tue, Jun 24, 2025 - 02:00pm to 05:00pm CDT
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Mon, Jul 14, 2025 - 08:00am to 11:00am CDT
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Thu, Jul 31, 2025 - 11:00am to 02:00pm CDT
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Fri, Aug 01, 2025 - 02:00pm to 05:00pm CDT
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Mon, Aug 18, 2025 - 08:00am to 11:00am CDT
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Fri, Sep 12, 2025 - 11:00am to 02:00pm CDT
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Mon, Sep 29, 2025 - 02:00pm to 05:00pm CDT
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Mon, Oct 13, 2025 - 08:00am to 11:00am CDT
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Wed, Oct 29, 2025 - 11:00am to 02:00pm CDT
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Mon, Nov 10, 2025 - 02:00pm to 05:00pm CST
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Fri, Nov 14, 2025 - 08:00am to 11:00am CST
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Thu, Dec 11, 2025 - 11:00am to 02:00pm CST
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Tue, Dec 30, 2025 - 02:00pm to 05:00pm CST
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TN - This course is approved for 3 hrs CE - Course#30270
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