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Why you need this course:
By understanding the loss exposures to which various types of property are subject, insurance professionals can help clients ensure that those exposures are appropriately addressed for an adequate amount and type of insurance. This course provides an overview of property loss exposures, potential causes of loss, the potential financial consequences that can result from such losses, and the property insurance coverages that can address those exposures and losses.
Upon successful completion of all ten modules in this course, you should be able to:
- Describe the types of property that may be exposed to loss and that are typically covered by property insurance.
- Explain how causes of loss (perils) are treated in named perils policies and in special form policies, and their effect on burden of proof.
- Describe the financial consequences of property losses.
- Explain how parties with an insurable interest would be affected by property losses.
- Describe the types of property and their locations commonly covered in property insurance policies.
- Explain how property insurance policies typically describe covered causes of loss.
- Explain why property insurance policies usually exclude some causes of loss.
- Describe the financial consequences of loss that may be covered by property insurance policies.
- Explain how property insurance policies provide coverage for the named insured and other parties.
- Explain how policy limits and other provisions affect the amount of recovery under a property insurance policy.
We recommend that you study the modules in the order presented in the course.
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