Property and Casualty Insurance Concepts Simplified: The Ultimate ‘How to’ Insurance Guide for Agents, Brokers, Underwriters, and Adjusters
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This guide particulars key property and casualty ideas hardly ever mentioned or present in print; moderately they’re usually left to be “discovered” over time. These necessary ideas at the moment are written down for all insurance coverage practitioners to simply entry. Examples of the subjects and ideas discovered on this guide embrace guidelines for studying ANY insurance coverage coverage; why losses are excluded; contractual danger switch; authorized legal responsibility theories; “COPE” particulars; and the right clarification of coinsurance ideas. Also included is a moderately intensive glossary of insurance coverage and insurance-related phrases.Readers will acquire a deeper understanding of insurance coverage theories, be higher ready to elucidate insurance coverage ideas to their shoppers, and develop a larger appreciation and understanding of the claims valuation course of.