1 / 9

Risk Management: Policy Provisions

Declarations Page. Name of InsuredPolicy PeriodDescribed Premises and CoveragesDeductiblesMortgagees and Additional InterestsLimits of InsuranceRates and Premiums. Common Policy Conditions. Cancellation ChangesExamination of your books and recordsInspections and SurveysPremiumsTransfer of rights and duties.

randi
Download Presentation

Risk Management: Policy Provisions

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. Risk Management: Policy Provisions By Kory Burkley, Matt Eck Nhung Tran, and Jesse Wendlandt

    2. Declarations Page Name of Insured Policy Period Described Premises and Coverages Deductibles Mortgagees and Additional Interests Limits of Insurance Rates and Premiums

    3. Common Policy Conditions Cancellation Changes Examination of your books and records Inspections and Surveys Premiums Transfer of rights and duties

    4. Building and Personal Property Coverage Coverages Limit of Insurance Deductible Loss Conditions Additional Conditions ?Coinsurance ?Mortgageholders Optional Coverages

    5. Causes of Loss Covered Causes of Loss -Is defined as risks of direct physical loss unless the loss is listed in the exclusions and limitations

    6. Exclusions Ordinance or Law Earth Movement Governmental Action Nuclear Hazard Utility Services War and Military Action Water

    7. Limitations Loss of or damage to property -equipment -personal property in building

    8. Commercial Property Conditions Concealment, Misrepresentation and Fraud Control of Property Insurance Under Two or More Coverages Legal Action Against Us

    9. Commercial Property Coverages cont. Liberalization No Benefit to Bailee Other Insurance Policy Period, Coverage Territory Transfer of Rights

    10. References Commercial Lines Policy John Eck, Independent Agent

More Related