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Instructors: Jim Scarborough and Annette Ardler
Ty Webb, a local businessman and longtime friend of Danny Noonan, is purchasing a golf course and country club, Bushwood Country Club. Danny places coverage based on the prior policy. Four years after the purchase a fire ensues and burns down the country club. Between the time of the purchase and the fire, Webb has subleased the golf cart, pro shop and snack bar vending to Al Czervik, and also added a banquet room. Webb has a total loss of the building, his contents and Al Czervik’s contents in the sum of $3,875,000. The insurance company pays him $500,000 for the building, and $250,000 for his contents leaving an uninsured loss of $3,125,000. Webb makes a claim against Noonan for this amount.
This session is designed to show how mistakes made by an insurance agent are portrayed in a court room setting.
Approved for 3 ethics CE credits in Mo. & Kan.
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