Commercial/Multifamily: Builder’s Risk Insurance: Analysis & Perspectives–April 17

With guidance from an industry expert, participants 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.

This 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 transitions to permanent insurance.

Date/Time:
Thursday, April 17 (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

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

Experience Level:
Entry-Level
Intermediate

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

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