Property Owners Insurance - Introduction - Searchlight Insurance Training

Property Owners Insurance – Introduction

This participative workshop is for those with an understanding of commercial property insurance but little involvement in specific property owners insurance.

It provides an overview of property owners insurance policies and some of the key issues which are faced in this area of insurance. It is either a learning opportunity for the inexperienced or a refresher for those with some experience.

 

Level: Introduction

Duration: 1 day(s) CII CPD Hours: 6
     

Understand basic cover provided under a property owners policy

Be aware of cover for rent, service charges and other types of income

Be aware of main cover extensions, conditions, exclusions

Appreciate the issues and solutions for insurable interest and requests from lenders

Consideration of :

Leases
– Key lease terms
– Importance of what lease says
Key Extensions of cover
Key terms conditions and exclusions • Rent
– Definition of rent
– Key terms
– Key rent extensions on policies
– Dealing with mid term rent increases
Insurable interest
– Who has insurable interest
– Solutions
Subrogation waivers
Further property owners risks
Testing (optional)