NSW CPD Webinar: Underinsurance in Strata

NSW CPD Webinar: Underinsurance in Strata
Webinars: offered both live and on-demands, providing access to interactive and flexible online learning for your convenience.

CPD Allocation: 1 Hour
CPD Class: 1 & 2
CPD Category: Elective - General

Audience:
Assistant Agents, Class 1 & Class 2 Agents, Owners

Topic Overview:
  • Replacement value – OC legal obligation to insure
  • Importance of valuations
  • Questions for the valuer – particularly if building sum insured reduced
  • All parties must exercise duty of care
  • Potential legal exposures – OBL or Strata manager if not referred to the OC for approval
  • Partial loss vs total loss – no averaging clauses in residential strata insurance
  • Unlimited legal liability – if shortfall in sum insured and a total loss
  • Common property vs personal property – L&C for personal property and liability within the lot

Learning Outcomes:
At the completion of this webinar, attendees will understand the legal obligations to ensure strata title properties, whose responsibility this is and how to identify and minimise any risks and/or legal exposure.

Presented by:
Stephen Tchepak, CHU

Sponsored by: Johns Lyng Group
When
9/07/2020 1:00 PM - 2:00 PM
AUS Eastern Standard Time
Where
NSW AUSTRALIA
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