The course, “Mortgage Issues with Property Claims” is designed to enhance the knowledge, understanding, and professional competence of the adjusters and litigators on common issues faced when interpreting mortgage clauses.
The course is designed to familiarize attendees with the challenges involved when dealing with a mortgagee. The module is presented by Tonda Lee, an attorney with SmithAmundsen LLC, and David Brown, a Senior Property Claims Specialist for Central Mutual Insurance Company.
Tonda and David begin by discussing the two main types of mortgage clauses and explaining why we are focusing on the Standard (Union) Mortgage Clause. Next, Tonda reviews and summarizes the five main sections of the standard union mortgage clause. She then discusses the four main rights and the five main duties of mortgagees under the Standard (Union) Mortgage Clause. She describes three basic legal premises all adjusters should know about the standard union mortgage clause. Next, they provide an overview of who is a mortgagee and what are a mortgagee’s rights and responsibilities under the policy. Tonda then covers claim adjustment challenges and current legal trends in foreclosure, vacancy, and mortgage fraud situations. Finally, they outline claims points and legal points to remember when faced with such claims.
After completing the course, the attendee should be able to identify the rights and responsibilities that mortgagees bear with property coverage; evaluate claim adjustment challenges involving mortgage flipping, vacancy, and foreclosure; discuss current legal trends involving the interpretation and application of mortgage clauses; and develop effective resolution strategies for claims involving these issues.
The course is designed for practitioners and insurance professionals working in the area of property insurance coverage and litigation.
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:
|
Adjuster General CE Hours:
|
Adjuster Ethics CE Hours:
|
Attorney General CLE Hours:
|
State's Course ID:
|
NH | 2.0 | 470064 | ||
TX (classroom equivalent) | 1.5 | 106282 | ||
NC | 2.0 | C09081 | ||
FL * ( Provider Number: 364169 ) | 2.0 | 1189239 | ||
IL | 2.0 | 528125 | ||
WY | 2.0 | 26233 | ||
OK | 2.0 | 1027317 |
* 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.