March 2016
Intermediate to advanced
700 pages
144h 54m
English
Content preview from Principles of Risk Management and Insurance, 13th EditionBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Application Questions
Michael owns a small plane that he flies on weekends. His insurance agent informs him that aircraft are excluded as personal property under his homeowners policy. As an insured, he feels that his plane should be covered just like any other personal property he owns.
Explain to Michael the rationale for excluding certain types of property, such as aircraft, under the homeowners policy.
Explain some additional reasons why exclusions are present in insurance contracts.
a. A manufacturing firm incurred the following insured losses, in the order given, during the current policy year.
Loss
Amount of Loss
A
$ 2,500
B
3,500
C
10,000
How much would the company’s insurer pay for each loss if the policy contained the following ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.