IS-1114: Adjusting RCBAP and Condo Unit Owner Claims

This study guide includes all correct answers for IS-1114: Adjusting RCBAP and Condo Unit Owner Claims Course Date 11/15/2018 Course Overview The Adjusting RCBAP and Condo Unit-Owner Claims course provides the Large Commercial and RCBAP authorized adjusters with the most challenging aspects of adjusting NFIP flood losses under the Residential Condominium Building Association Policy and the Dwelling Form, commonly referred to as the unit-owner policy. Flood losses to condominium buildings insured under the RCBAP and Dwelling Form are complex and must be thoroughly investigated to ensure proper claim handling. This course reviews specialized knowledge areas and adjustment concepts for consideration and use when adjusting these types of claims. Course Objectives: Identify Homeowner Associations (HOAs), townhomes, and other forms of ownership not eligible for coverage uner the RCBAP Determine building value, insurance to value, and Replacement Cost Value Compute coinsurance calculation