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Webcast

The Harsh Reality of Condominium Ownership - An Insurance Perspective


Total Credits: 2 including 2 CE Credit

Average Rating:
   77
Categories:
Commercial Lines |  Commercial Lines - Specialty Policies |  Personal Lines |  Personal Lines - Specialty Policies |  MLIS Designation Update Qualified
Speaker:
Terry L. Tadlock, CIC, CPCU, CRIS
Course Levels:
Basic
Duration:
2 Hours
License:
Product Setting: Expires 30 day(s) after program date.

Dates


Description

One of the most difficult tasks an owner of a condominium has is to determine the insurance needed for their investment.  This course will break down three issue that are necessary in determining insurance coverage needed:

  • State Condominium Statutes
  • Master Deed and By-Laws
  • Insurance policy

This course will prepare you and your give you the tools needed to advise your clients as well as deal with the problem areas created the Condominium Regime.
 

SC Course number 6000140597
Type of Course: Property & Casualty 

Basic Course Information

Learning Objectives
  • Identify the difference between “Broad Form Single Entity” and “Bare Walls” condominium agreements. Discuss how these two different agreements would affect the limit of insurance the unit owner would be responsible to purchase.
  • Identify and explain the coverage differences between the HO 03 and the HO 06.
  • Explain the application of the endorsements that should be considered when writing Condominium coverage.

Major Subjects
  • Definition of a "unit" and "common elements"
  • Impact of a state Horizontal Property Act
  • Review of the RCBAP flood policy
  • Common coverage concerns with condominiums

Course Materials

Speaker

Terry L. Tadlock, CIC, CPCU, CRIS's Profile

Terry L. Tadlock, CIC, CPCU, CRIS Related Seminars and Products

Industry Expert Presenter

CIC, CPCU, CRIS


Terry is a 40-year veteran of the insurance industry. In an attempt to enjoy a little slower paced life, he has joined the Correll Insurance Group of agencies as the President of Coastal Plains Insurance, LLC (CPI) and South East Coastal Underwriters (SECU) in beautiful Hilton Head Island, South Carolina. Terry is part owner and responsible for the day to day operations of CPI and SECU. Prior to Terry's joining CPI he was owner and CEO of Florida Insurance Educators, Inc. which is an insurance education and consulting firm that in conjunction with Florida Insurance School worked with state and national organizations providing a variety of educational courses and consulting services. Terry continues to accept national speaking engagements and writes technical articles for a variety of state and national insurance publications. In his spare time Terry is also recognized by Federal and State courts as an expert on insurance coverages and serves as an expert witness. Terry began his career in 1979 in Florida. The majority of his time was spent as the principal of an independent insurance agency in Florida where he specialized in a variety of Professional Liability programs as well as designing several specialty programs serving the Construction industry. Terry has also worked with the Florida Department of Insurance where he was the Administrator of Agents Licensing. His primary responsibilities included the approving individuals for agent licensing and supervision the writing of all state insurance examinations. During this time, he also represented the state of Florida on the National Test Development Committee which sets standards for agents licensing examinations. Currently, Terry holds a Certified Insurance Counselor (CIC) designation and is a National Faculty Member of the Society. In addition, he serves as the Educational Consultant in the State of North Carolina. Terry also holds a Chartered Property and Casualty Underwriter (CPCU) and Construction Risk and Insurance Specialist (CRIS) professional designations.

Terry@correllhhi.com 


Dates

Wed, Nov 20, 2024 - 02:00pm to 03:56pm CST
Thu, Dec 12, 2024 - 08:00am to 09:56am CST
Fri, Dec 27, 2024 - 11:00am to 12:56pm CST
Thu, Jan 02, 2025 - 08:00am to 09:56am CST
Wed, Jan 15, 2025 - 12:00pm to 01:56pm CST
Thu, Feb 13, 2025 - 08:00am to 09:56am CST
Fri, Feb 28, 2025 - 12:00pm to 01:56pm CST
Thu, Mar 06, 2025 - 08:00am to 09:56am CST
Fri, Mar 21, 2025 - 12:00pm to 01:56pm CDT
Tue, Apr 08, 2025 - 08:00am to 09:56am CDT
Fri, Apr 18, 2025 - 12:00pm to 01:56pm CDT
Thu, May 01, 2025 - 08:00am to 09:56am CDT
Mon, May 19, 2025 - 12:00pm to 01:56pm CDT
Thu, Jun 12, 2025 - 08:00am to 09:56am CDT
Fri, Jun 27, 2025 - 12:00pm to 01:56pm CDT
Thu, Jul 10, 2025 - 08:00am to 09:56am CDT
Mon, Jul 28, 2025 - 12:00pm to 01:56pm CDT
Wed, Aug 13, 2025 - 08:00am to 09:56am CDT
Thu, Aug 28, 2025 - 12:00pm to 01:56pm CDT
Tue, Sep 02, 2025 - 08:00am to 09:56am CDT
Wed, Sep 17, 2025 - 12:00pm to 01:56pm CDT
Wed, Oct 01, 2025 - 08:00am to 09:56am CDT
Fri, Oct 17, 2025 - 12:00pm to 01:56pm CDT
Wed, Nov 12, 2025 - 08:00am to 09:56am CST
Tue, Nov 25, 2025 - 12:00pm to 01:56pm CST
Mon, Dec 08, 2025 - 08:00am to 09:56am CST
Mon, Dec 15, 2025 - 12:00pm to 01:56pm CST

State Specific Details

Basic Course Information

Designed For Agents who write HO-6 policies and Condo regime policies

Promo Video

Reviews

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4
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1

Overall:      4.9

Total Reviews: 77