Residential Property Owners Insurance - Introduction - Searchlight Insurance Training

Residential Property Owners Insurance – Introduction

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

It provides an overview of residential 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
     
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WORKSHOP OBJECTIVES
  • Understand basic cover provided under a residential property owners policy

 

  • Be aware of main cover extensions, conditions, exclusions

 

  • Be aware of engineering inspection/insurance usually required

 

  • Be aware pf D&O cover for residents’associations and why needed

 

  • Be aware of key underwriting issues

 

WORKSHOP CONTENT

Consideration of :

Residential Property Owners
  • overview of cover, key cover issues, extensions, exclusions
  • rent
  • lliability
  • key underwriting issues that insurers consider
Engineering
  • Requirements for inspections and who is responsible
  • Insurance cover needed
D&O for residents’ associations
  • Why needed
  • Key cover issues
Quiz