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Pacific Mountain Central Eastern

OVERVIEW AND TOPICS


Using various case scenarios, adjusters will review the most current ISO Personal Auto Policy and endorsements to determine if the loss or situation is covered. They will discuss the claims and coverage scenarios, determine if the loss or situation is covered, and identify endorsements that may be needed to cover or expand coverage for the exposure. They will examine how the PAP provides or excludes coverage for exposures, such as: replacement vehicles, roommates driving covered autos, truck rental for personal use, hitting an animal, sunken car leaking oil in a lake, newly acquired autos, unlisted vehicles, vehicles used for livery and/or delivery, rental car, loading and unloading a vehicle, driving for Uber, death of a foster child, named insureds and divorce, and more. They will identify the problems and discuss possible solutions to better serve their clients.
Participants will identify the gaps and traps in the ISO Business Auto Policy and learn ways to avoid and/or close the gaps in coverage. They will examine BAP endorsements and discuss how they can amend policy provisions, add coverage, or restrict coverage. They will be able to determine how best to address their client’s needs to avoid the gaps and traps in coverage.
An organization’s assets are exposed to threats of embezzlement, fraudulent electronic funds transfer, forgery, robbery, safe burglary, and credit card forgery, etc. from employees and cunning criminals alike. Most commercial property insurance and general liability policies will not cover losses due to criminal activity. In this 4-hour session, participants will discuss the reasons for purchasing crime coverage. They will examine the available crime forms within the ISO series as to their intent and applicability. They will analyze the exposures, review insuring agreements, determine how coverage can be modified by the policy’s exclusions and conditions, and develop an insurance solution. They will discuss Employee Theft, Money/Security/Other Property, Computer Fraud and Funds Transfer Fraud, and Money Orders and Counterfeit Money.
Participants will explore property valuation issues and discuss valuation problems with buildings, equipment, and inventory. They will review policy language and discuss the major valuation changes in the most recent Commercial Property filing. They will examine the alternative valuation options to change valuation to meet the client’s expectations and learn the proper way to handle reporting form issues.

COURSE DETAILS


DURATION
16 Hours

PRICE
Contact for Details

FORMAT
Webinar

CE CREDIT
Varies by State

INSTRUCTION LEVEL
Master

FINAL EXAM
No Exam

FACULTY BIO


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