Commercial/Multifamily: Builder’s Risk Insurance: Analysis & Perspectives 2023

March 16, 2023 2:00 PM-3:30 PM Commercial / Multifamily Education Flood Insurance Loan Administration & Servicing Webinar
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Member Price$0.00
Non-Member Price$399.00

About the Event

With guidance from an industry expert, you will gain insight into the pros and cons of policy purchases, when it is advisable to utilize a "Course of Construction" endorsement, or when to procure a true builder's risk policy. Discussion will focus around the components of hard costs, with detailed explanations about what is "covered property" and permanent vs. temporary works. Significant analysis will be given to the overlooked subject matter of soft costs and the risks of delays in project completion. Throughout the presentation, learn about standard coverage parts, perils and exclusions, when coverage ceases and the transition to permanent insurance.

Date/Time

Thursday, March 16 (2:00 PM - 3:30 PM ET)

Objectives

  • Gain insight into the pros and cons of policy purchases, learn when it is advisable to use a “Course of Construction” endorsement or when to get a true builder’s risk policy
  • Discuss the components of hard costs, what is “covered property” and permanent vs. temporary work
  • Analyze soft costs and risks of delays in project completion

Experience Level

  • Entry Level
  • Intermediate

Target Audience

  • Real Estate Owners & Investors
  • Insurance Directors
  • Loan Closers & Underwriters
  • Commercial Servicers
  • Others concerned with insurance matters, such as attorneys and consultants who work within the real estate industry

Speaker(s)

  • Grisela Crespo, Director of Real Estate Lending Practice, Fortress Risk Consultants, LLC
  • Mike McDaniel, President & Owner, Fortress Risk Consultants, LLC