Private Residence Elevators
As residential elevators grow in popularity without clear safety standards, this course helps brokers assess new risks tied to home renovations and new builds.
Today, more and more residential properties are installing elevators within their homes for a variety of reasons, yet there is no government regulation or standards for the installation contractors have to adhere too. With just over 20,000 such elevators installed today, by 2030 it is predicted there could be over 90,000 -none of which adhere to any building code, inspection schedule or safety standards.
The purpose of this course is to inform you, the Broker, of the current regulations, at all three levels of government, as it pertains to changes your Personal Lines clients might be making to their houses or, more commonly, to their newly constructed houses without your awareness. Included in this course are Insurance specific tips to assist you in gathering the right information to assess the change in exposures your client might be making.
By the end of this course, you will be able to:
Learning objectives:
Recommended for: all Personal Lines Brokers