Description

Instructor: Bryan Tilden, CPCU, CIC, CLU, ChFC, ARM, ALCM     Course# 105777 

This course will address methods for calculating property values during underwriting, and the amount paid at the time of loss. Both commercial and personal lines policy provisions will be addressed. Study case law regarding property valuation terminology and learn how the concepts apply by examining real life claims situations. Discover the valuation considerations when determining limits and loss for a policy written on a Replacement Cost valuation basis. Learn when actual cash value (ACV) may mean market value. Explore valuation options including agreed value, selling price option, reporting forms, functional replacement cost valuation, and related endorsements such as the Margin Clause. Discuss ways a property policy can value property of others in the insured’s care, custody or control.