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This course explains insurance and how a professional can go about acquiring insurance for real and personal property owned by, or in which, the professional has an insurable interest. The course covers what employees, officers, and directors of a corporation need to know to get the insurance needed to protect against the risk of loss of real and personal property.

The course covers the following:

  1. Insurance and insurable interest.
  2. That an insurable interest does not require ownership but can be a leasehold interest, an easement, or any other interest where the loss of the property will cause damage to the person acquiring the insurance.
  3. How to use an insurance agent or broker.
  4. The difference between an insurance agent and an insurance broker.
  5. The importance of an insurance application.
  6. The need to read the policy.
  7. Hazards of not reading an insurance policy after it is obtained.

Learning Objectives

  • Explore the steps necessary to acquire first party property insurance sufficient to allow him or her to obtain the coverage needed.
  • Explore how insurance is acquired.
  • Explore how to use an insurance agent or broker.
  • Identify the need to complete a thorough, honest and complete application.
  • Identify the need to read a policy after it is delivered.
  • Recognize the importance of insurance.
  • Recognize the obligation to truthfully disclose information when applying for insurance.

Included In Certifications

This course is included in the following Expert Certifications:

16 CoursesCertified Expert in Corporate Property Insurance

  1. Introduction: Excellence in Claims Handling
  2. How to Acquire a First-Party Property Insurance Policy
  3. How to Read and Understand an Insurance Policy
  4. The Necessity of an Honest and Complete Insurance Application
  5. The Law of Contracts for the Insurance Professional
  6. Ethics for the Insurance Professional
  7. What is the Problem with Fraud?
  8. Interviewing Techniques for the Insurance Professional
  9. Investigation of a First-Party Property Insurance Claim
  10. The Creation of a Scope, Statement, and Proof of Loss
  11. The Duties of an Insured Presenting a First-Party Property Claim
  12. The Insurance Examination under Oath (EUO)
  13. Insurance Fraud Prevention
  14. Compliance with Special Investigation Unit Regulations
  15. Compliance with Good Faith Settlement Practices Regulations
  16. The Obligations of a Public Insurance Adjuster

Prerequisites

Course Complexity: Intermediate

No Advanced Preparation or Prerequisites are needed for this course. However, it is recommended to take the other course in the series prior to completing this one.

Education Provider Information

Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 ext. 106, or send an e-mail to .
Course Syllabus
INTRODUCTION AND OVERVIEW
  4:05Introduction to How to Acquire a First Party Property Insurance Policy
  9:31How to Acquire a Policy of First Party Property Insurance Part 1
  7:24How to Acquire a Policy of First Party Property Insurance Part 2
  6:14How to Acquire a Policy of First Party Property Insurance Part 3
  5:48Conclusion
CONTINUOUS PLAY
  33:02How to Acquire a First Party Poperty Insurance Policy
SUPPORTING MATERIALS
  PDFSlides: How to acquire a First party property insurance policy
  PDFHow to Acquire a First party Property Insurance policy Glossary
REVIEW AND TEST
  quizREVIEW QUESTIONS
 examFINAL EXAM