Christine G. Barlow – författare

Condominium Insurance Coverage Guide, 3rd edition, contains everything that makes this guide the instant, must-have reference for professionals seeking to properly insure the various condominium risks that unit owners and associations face. Not only does this guide give an update of the Condominium Coverage Guide with an explanation of changes in the ISO HO 00 06 Unit-owners form, but it also covers a state-by-state chart of condominium regulations, sample policy forms, an updated D&O chapter for directors and officers of condominium associations and updated claim discussions.

This new edition delivers the clearest possible analysis of the most important documents, including state statutes and bylaws. It explains the 2022 updates, changes to the HO 00 06 Unit-owners Coverage Form, and the interplay between state statutes, the association policy, and the unit owner's policy.

What's new in the 2023 edition:

A thorough explanation of the changes to the HO 00 06 Unit-owners Coverage Form Updated case studies and examplse Explanation of Home-sharing issues Discussion of Commercial Property Causes of loss forms Issues in claims settlement

Topics Covered:

The updated HO 00 06 Unit-owners Coverage Form is explained Sample condominium bylaws and sample insurance policy coverage forms to correctly address the exposures faced by condominium unit owners and associations The risks that individuals face as association directors and officers and the most effective methods for handling those risks.

Regardless of whether the subject is a residence, a personal auto, or an individual's liability exposures, good underwriting is particularly critical in personal lines. An underwriter cannot grant discounts or apply surcharges based on the nature of the risk the way a commercial underwriter can. The rates that apply are the rates that are determined by the actuarial department, the underwriter can accept or reject the business, and that's it. Therefore, close attention to the risk and its exposures are key to writing good personal lines business.This book covers personal lines exposure analysis and underwriting for both agents and underwriters. Green construction and alternative energy sources are explained. Among the checklists that are a featured part of the book are these:-Homeowners inventory-Homeowners application checklist-Lifespan of major home components-Automobile application checklist -Vehicle accessories-Racing restrictions

With the National Flood Insurance Program (NFIP) being underfunded and in debt, and with various proposed changes still pending approval, the flood insurance industry has had a strong need for flood coverage in the private market.

Because of improving analytics to better predict floods, coverage in the private market is now possible. As a result, ISO developed the Personal Flood Policy program, which enables insurers to provide optional coverage not typically covered under the NFIP and dovetails with the homeowners insurance policy.

This 1st edition of the Personal Flood Insurance Coverage Guide introduces the new ISO form and breaks down everything professionals need to know, including:

  The development and history of the National Flood Insurance Program (NFIP)  The new ISO Personal Flood Policy as compared to the existing NFIP policy and the differences between coverages  Flood zones and how they are determined  Types of flooding  Base Flood Elevation and why it is important  The differences between the new ISO Personal Flood Policy and the standard homeowners policy  What makes properties eligible or ineligible for coverage  The concept of 100-year floods, as well as the actual hazards of 50, 25, and 10 year floods 

Every client and every situation is different. Some areas are more prone to flooding, and not all floods are the same. The Personal Flood Insurance Coverage Guide will help you navigate the ins and outs of the private flood market and ISO’s new form, helping you better advise your clients based on their individual insurance needs.  Both the NFIP and ISO Personal Flood Policy forms are presented in this book for your reference.