Level: Beginner
Why you need this course:
After completing this course, you�ll have a basic 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 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.
Cost: $20 per Professional Development Hour (PDH). Information on PDHs provided can be found here.
Property Loss Exposures and Insurance Topics Include:
- Types of property that may be exposed to loss and that are typically covered by property insurance
- How causes of loss (perils) are treated in named perils policies and in special form policies, and their effect on burden of proof
- Financial consequences of property losses
- How parties with an insurable interest would be affected by property losses
- Types of property and their locations commonly covered in property insurance policies
- How property insurance policies typically describe covered causes of loss
- Why property insurance policies usually exclude some causes of loss
- Financial consequences of loss that may be covered by property insurance policies
- How property insurance policies provide coverage for the named insured and other parties
- How policy limits and other provisions affect the amount of recovery under a property insurance policy
Additional Course Resources
Additional Knowledge Solutions
E-mail: customerservice@TheInstitutes.org
Phone: (800) 644-2101
Fax: (610) 640-9576
Mail: The Institutes
720 Providence Road
Suite 100
Malvern, PA 19355-3433
Customer Service hours are Monday through Friday, 8:00 a.m. to 6:00 p.m. eastern time.
