How to Read and Understand an Insurance Policy

Insurance is a contract, and the insurance contract is a special type of contract.  The course covers what an employee, officer, or director of a corporation needs to know to be able to read and understand an insurance policy in order to establish that it provides the insurance protection needed. 

The course covers the following:

1. That insurance is a contract and how to understand the basic rules of interpretation of contracts.
2. The application for insurance and how it is used by the applicant and the insurer.
3. The need for offer, acceptance, and consideration to form an insurance contract.
4. How to read and understand the insurance contract.
5. The first party property insurance contract and how it is formed and made effective.
6. The importance of conditions and limitations in a first party property policy.
7. The rules of insurance contract interpretation.
8. The “contra preferentum” rule.
9. The standard fire policy.
10. The auto material damage policy.