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“Collapse” explores the fundamentals and intricacies of issues faced by adjusters and attorneys when evaluating claims for losses involving the collapse of all or part of a building. After completing the course, participants should be able to spot significant issues when examining collapse losses, and should be able to:
- Explain why the ISO HO 00 03 policy uses the phrase “involving collapse” rather than “caused by collapse.”
- Explain the effect of the collapse exclusion and Additional Coverage for Collapse in the ISO HO 00 03 policy.
- Explain the meaning of “collapse” as it is defined in the ISO HO 00 03 10 00 policy.
- Explain why the definition of “collapse” was added in the 2000 edition of the ISO HO 00 03 policy.
- Explain the meaning of “collapse” as defined by courts under the “Total Rubble” standard.
- Explain the meaning of “collapse” as defined by courts under the “Substantial Impairment” standard.
- Explain the meaning of “collapse” as defined by courts under the “Imminent Danger” standard.
- Describe what types of property are subject to the Additional Coverage for Collapse.
- Describe what types of property are subject to limited coverage under the Additional Coverage for Collapse.
- Explain why certain types of property are subject to limited coverage under the Additional Coverage for Collapse.
- Explain the difference between the 1991 and 2000 editions of the ISO HO 00 03 policy regarding the issue of causation.
- Define the term “building”.
- Define the term “part of a building”.
- Identify the Additional Coverage for Collapse’s Perils Insured Against.
- Define the terms “hidden”, “decay”, and “vermin” as used in the Additional Coverage for Collapse’s Perils Insured Against.
- Define the term “defective” as used in the “Use of defective material or methods in construction” peril.
- Explain the meaning of “during the course of construction” as used in the “Use of defective material or methods in construction” peril.
- Explain the relationship between perils that are generally not insured against under the HO 00 03 policy, but are covered under the Additional Coverage for Collapse.
- Explain the impact of the Additional Coverage for Collapse on the Coverage A, B, and C Limits of Liability.
What CE Credit is available?
Note: To qualify for credit, you must submit completion (including a passed final exam if required) within five days of completing the last quiz. No partial credits will be awarded.
State:
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Adjuster General CE Hours:
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Adjuster Ethics CE Hours:
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Attorney General CLE Hours:
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State's Course ID:
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NH | 2.0 | 482669 | ||
TX (classroom equivalent) | 2.0 | 137408 | ||
NC | 2.0 | C77232 | ||
FL * ( Provider Number: 364169 ) | 2.0 | 1197153 | ||
IL | 2.0 | 485506 | ||
OK | 2.0 | 1025274 | ||
WY | 2.0 | 26210 |
* This course has been approved by the Florida Department of Financial Services for insurance continuing education credit.
Course Content
Submit within 5 days to get CE Credit or Certificate of Completion.