Specialty Losses

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Level: Intermediate

Why you need this course:
After completing this course, you’ll be able to apply various specialty coverages to a loss.

Upon successful completion of this course, you should be able to:

  • Explain the coverage provided and the adjusting considerations for transportation and motor truck losses.
  • Explain the coverage provided and the adjusting considerations for bailee and warehouse legal liability losses.
  • Explain the interests of the unit owners and the condominium association in the individual units and the common elements.
  • Given a claim situation, adjust a loss under the condominium association coverage form and the unit owner’s coverage form.
  • Adjust a loss under builders risk policies.
  • Explain how subrogation, termination of coverage, and loss adjustment are handled under builders risk policies.
  • Describe the extent and limitations of coverage for crime losses under the Building and Personal Property Coverage Form (BPP) and the ISO Commercial Crime Coverage Form.
  • Given a loss, outline the loss adjustment procedures for computer and computer-related losses.
  • Describe legal liability for pollution under the Superfund law.
  • Explain to what extent property insurance policies provide coverage for cleanup of pollution and how they exclude coverage.

Cost: $20 per Professional Development Hour (PDH). Information on Professional Development Hours (PDH) provided can be found here.

Specialty Losses Topics Include:

  • Transportation and motor truck losses
  • Bailee and warehouse legal liability losses
  • The interests of the unit owners and the condominium association in the individual units
  • Adjusting a loss under the condominium association coverage form and the unit owner’s coverage form
  • Adjusting a loss under builders risk policies
  • How subrogation, termination of coverage, and loss adjustment are handled under builders risk policies
  • Coverage for crime losses under the BPP and the ISO Commercial Crime Coverage Form
  • Loss adjustment procedures for computer and computer-related losses
  • Legal liability for pollution under the Superfund law
  • How property insurance policies provide coverage for cleanup of pollution and how they exclude coverage

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Phone: (800) 644-2101

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