Last edited by Yohn
Saturday, February 8, 2020 | History

3 edition of Property insurance found in the catalog.

Property insurance

Property insurance

data needed to examine availability, affordability, and accessibility issues : report to the Chairman, Committee on Banking, Housing, and Urban Affairs, U.S. Senate

by

  • 56 Want to read
  • 13 Currently reading

Published by The Office, The Office [distributor in Washington, D.C, Gaithersburg, MD (P.O. Box 6015, Gaithersburg 20884-6015) .
Written in English

    Subjects:
  • Homeowner"s insurance -- United States,
  • Homeowner"s insurance -- United States -- Statistical methods

  • Edition Notes

    Other titlesData needed to examine availability, affordability, and accessibility issues
    StatementUnited States General Accounting Office
    The Physical Object
    FormatMicroform
    Pagination22 p.
    Number of Pages22
    ID Numbers
    Open LibraryOL14963070M

    Candidates may register for the Property Casualty Test before completing their education hours; however, they cannot actually sit for the exam until these hours are completed. Foreign company - An insurance company doing business in a state other than the one in which it is incorporated. Causal nexus - A legal term that in Latin means "to bind. Candidates are also encouraged to stay up-to-date with renewal fees and requirements, if applicable.

    Extortion-Commercial entities endorsement - Endorsement used with the commercial crime policy that covers loss of money, securities, and Property insurance book property when surrendered away from the premises as a result of a threat to do bodily harm to the insured, an employee or a relative of either who is being held captive. Credit Risk - The risk customers or other creditors will fail to make promised payments as they come due. Clawback provisions - Clawback provisions allow boards of directors to demand repayment of performance-based bonuses made to CEO's and CFO's if such bonuses were paid based on fraud or misstatements in financial information. This includes someone who has not reached a specific age or marital status as defined by specific state or federal statute. What the Industry is Saying Did you enjoy this book?

    Morale hazard - Hazard created by an individual's tendency to contribute to a loss through Property insurance book own irresponsible actions or carelessness. Lloyd's Coffee House was the first organized market for marine insurance. While in theory insurers could encourage investment in loss reduction, some commentators have argued that in practice insurers had historically not aggressively pursued loss control measures—particularly to prevent disaster losses such as hurricanes—because of concerns over rate reductions and legal battles. This measure shows the implications of investment portfolio on profits.


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Property insurance Download PDF Ebook

AINS 21 Property and Liability Insurance Principles

Garagekeepers insurance Property insurance book Coverage that is part of the garage coverage form; covers a garage risk's legal liability for customers' autos in the care, custody, or control of the garage; at the insured's option and for an additional premium, can also apply Property insurance book regard to fault.

Functional valuation method - A valuation method in which the insured is required to pay no more Property insurance book the cost to repair or replace the damaged or destroyed property with property that is its functional equivalent.

This book is a must-read for risk managers, agents or those who self- insure. Employment practices liability insurance - Type of policy that covers a business's losses arising out of wrongful termination, discrimination, Property insurance book harassment, and other employment-related practices.

Individual Property insurance book insured endorsement - Commercial auto endorsement that provides coverage similar to that provided under the personal auto policy to family members of the named insured while using any auto.

Gap insurance is typically Property insurance book by a finance company when the vehicle owner purchases their vehicle, but many auto insurance companies offer this coverage to consumers as well.

Exposure - A condition or situation that presents a possibility of loss. Functional replacement cost - Method to determine reimbursement for some losses, particularly those to antique, ornate, or custom construction; the damaged property is repaired or replaced with less expensive, but functionally equivalent, materials.

There is still a commission, but quite a bit more is paid upfront compared to property and casualty insurance. Contribution — insurers which have similar obligations to the insured contribute in the indemnification, according to some method. All Rights Reserved. Class rates - Rates developed and "ready to use" before the individual risk is even presented to the insurance carrier.

Disability insurance Property insurance book Line of insurance that protects the insured against loss of income resulting from injury or sickness. In addition, there is a mobile homeowners endorsement that can be attached to an HO-2 or HO-3 to modify coverage for mobile homeowners.

If these firms outgrow the industry, they could be worth paying a premium. The format is very good and I found it much easier to focus on what's important to know.

Adjusting liability insurance claims is particularly difficult because there is a third party involved, the plaintiffwho is under no contractual obligation to cooperate with the insurer and may in fact regard the insurer as a deep pocket. Liquidity risk - The risk that an asset cannot be sold on short notice without incurring a loss.

If you've kept good records, such as receipts and expenses, you should be able to estimate the replacement value of your office furniture, equipment, computers and other technological devices. In most developed countries, all citizens receive some health coverage from their governments, paid through taxation.

Generally, an insurance contract includes, at a minimum, the following elements: identification of participating parties the insurer, the insured, the beneficiariesthe premium, the period of coverage, the particular loss event covered, the amount of coverage i.

For example, when you are taking a test, have you ever felt like you were answering the questions too slowly or too quickly? Common policy conditions - Form that must be included in the commercial package policy; it contains conditions that apply to all coverages issued under the CPP.

Basic property insurance usually covers losses caused by fire, lightning, wind and hail, or acts of vandalism. Morale hazard - Hazard created by an individual's tendency to contribute to a loss through his own irresponsible actions or carelessness.

Terrorism insurance provides protection against any loss or damage caused by terrorist activities. It gave good study tips and had great practice exams detailing the course. Merit rating - Method of determining premiums where a manual rate is modified to reflect the risk's unique characteristics; see Experience rating, Retrospective rating and Schedule rating.

Excess coverage - Insurance that cover losses above an attachment point, below which usually there is another insurance policy or self-insured retention. Contributory negligence - Common law defense against negligence that states that if an individual contributes to her own loss in any way, then someone else cannot be held liable for the loss.

Crime insurance is a form of casualty insurance that covers the policyholder against losses arising from the criminal acts of third parties.Is your insurance company listening to you?

If your complaints have not been addressed by your insurance company, please contact to register your complaints and track their status or you may email us at [email protected] Handbook on Property Insurance. Claims Pages is the largest reference source for insurance claims adjusters on the web.

Find everything from industry news and upcoming events to job openings and important document downloads for insurance claims professionals. Property And Casualty Insurance Glossary - The Bottom Line.

We hope this article on property and casualty insurance glossary was informative. We intend to add more definitions as we find more terms that might useful to our users and insurance consumers.Insurance is a means of protection pdf financial loss. It is a form pdf risk management, primarily used to hedge against the risk of a contingent or uncertain loss.

An entity which provides insurance is known as an insurer, insurance company, insurance carrier or underwriter.A person or entity who buys insurance is known as an insured or as a policyholder.AINS 21 Property and Liability Insurance Principles book.

Read 5 reviews from the world's largest community for readers. AINS, a general insurance desig /5.Glossary of Commercial Ebook Terms Commercial insurance is divided into two main categories: property insurance and casualty insurance.

Property insurance provides coverage for property that is stolen, damaged, or destroyed by a covered peril.

Insuring Commercial Property

The term "property insurance" includes many lines of available insurance.