November 2004
Intermediate to advanced
544 pages
12h 2m
English
Terms you'll need to understand:
Named insured
First named insured
Additional insured
Policy period
Direct loss
Indirect loss
Actual cash value
Replacement cost
Functional replacement cost
Market value
Deductible
Policy period
Policy territory
Concepts you'll need to master:
Declarations
Specific insurance
Blanket insurance
Limit of liability (or insurance)
Valued policy
Agreed amount contract
Named peril policy
Open peril policy
Valuation of losses
Coinsurance
Subrogation
Primary insurance
Excess insurance
Pro rata liability
Concurrency
Nonconcurrent policies
Liberalization
Vacancy
Unoccupancy
Reporting forms
In this chapter we'll review some of the basic features of property insurance, including some of the concepts that apply to ...
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