"Collapse"
explores the fundamentals and intricacies of issues faced by adjusters and
attorneys when evaluating claims for losses involving the collapse of all or
part of a building. After completing the course, participants should be able to
spot significant issues when examining collapse losses, and should be able to:
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Explain why the ISO HO
00 03 policy uses the phrase "involving collapse" rather than
"caused by collapse."
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Explain the effect of
the collapse exclusion and Additional Coverage for Collapse in the ISO HO 00 03
policy.
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Explain the meaning of
"collapse" as it is defined in the ISO HO 00 03 10 00 policy.
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Explain why the
definition of "collapse" was added in the 2000 edition of the ISO HO
00 03 policy.
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Explain the meaning of
"collapse" as defined by courts under the "Total Rubble"
standard.
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Explain the meaning of
"collapse" as defined by courts under the "Substantial
Impairment" standard.
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Explain the meaning of
"collapse" as defined by courts under the "Imminent Danger"
standard.
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Describe what types of
property are subject to the Additional Coverage for Collapse.
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Describe what types of
property are subject to limited coverage under the Additional Coverage for
Collapse.
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Explain why certain
types of property are subject to limited coverage under the Additional Coverage
for Collapse.
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Explain the difference
between the 1991 and 2000 editions of the ISO HO 00 03 policy regarding the
issue of causation.
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Define the term
"building".
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Define the term
"part of a building".
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Identify the Additional
Coverage for Collapse's Perils Insured Against.
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Define the terms
"hidden", "decay", and "vermin" as used in the
Additional Coverage for Collapse's Perils Insured Against.
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Define the term
"defective" as used in the "Use of defective material or methods
in construction" peril.
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Explain the meaning of
"during the course of construction" as used in the "Use of
defective material or methods in construction" peril.
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Explain the
relationship between perils that are generally not insured against under the HO
00 03 policy, but are covered under the Additional Coverage for Collapse.
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Explain the impact of
the Additional Coverage for Collapse on the Coverage A, B, and C Limits of
Liability.