Description
This course covers the basics of property and casualty insurance. It discusses risk management, insurable interest, elements of a valid contract, and the special characteristics of insurance contracts. It explains the differences between dwelling and homeowners insurance and discusses the coverages of each. It defines the elements of negligence, discuses liability coverage and exclusions, and explains personal auto insurance
Learning Objectives
When you have completed this course, you should be able to: Define risk and discuss its management; Explain the concept of insurable interest in connection with property and casualty insurance; Describe the elements of a valid contract; Discuss the special characteristics of an insurance contract and how they affect policy construction; Identify the principal differences between a dwelling insurance policy and a homeowners insurance policy; Describe the coverages provided under a dwelling insurance policy; Explain the concepts of tort and negligence; List the four factors used to establish liability for negligent actions; Identify the common exclusions applicable to liability insurance coverage; Compare the coverage provided under the basic, broad and special forms of homeowners insurance; Describe the coverages available under a personal auto insurance policy; Explain how benefits are paid under the no fault auto insurance provision; and Describe the losses that are excluded under the various coverages provided in a personal auto insurance policy.