Chapter 13 General Coverage

FIRST PARTY POLICIES

 

General Coverage

Introduction

The Insuring Agreement

 

 

 

 

A] Named Perils Policies

[b] 'The Hostile Fire Doctrine"

[2] Multi- Peril Policies

Insured Property

[A] Insurable Interest

[B] The scope of Covered " Real Property"

Director or Physical Loss or Damages

Concurrent Causation

[A] Efficient Proximate Cause and Concurrent Causation

[B] The Efficient Proximate Cause Rule

[C] Alternative Approaches

Fortuity and Related Doctrines

[A] General Principles

[B] Negligence

[C] Intentional Acts

[D] Inherent Defect

[E] Design Defect Case

[F] The Known Loss and Loss in Progress Doctrines

Exclusions

[A] Excluded Property

[1] Land

[2] Accounts, Bills, Securities, and Valuable Documents

[3] Vacant or Unoccupied Property

[4] Entrustment Exclusion

[B] Excluded Perils

[1] Earth Movement

[2] Settling, Cracking and Expansion

[3] Contamination

[4] Wear, Tear, and Deterioration

[5] Corrosion

[6] latent Defect and inherent Vice

[7] Faulty Workmanship and Design

[8] Surface Water

[9] Water Below the surface

[10] Operation of Ordinance

[11] Mysterious Disappearance

[12] Nuclear Reaction or Radiation

[13] War Risk and Government Action

[C] Suit Against the Company Provisions

Miscellaneous Provisions

[A] Debris Removal

[B] Extra Expense

[C] Sue and Labor

[D] Protection from Additional Loss

Environmental Losses

*****Lecture seminar this course is 3.0 hours for Continuing Education (CE) This course includes current cases and the change of how the court view Exclusion in policy language for first party claims. This is an excellent course for Agents to know when selling a homeowners or business policy. Course study for Professional Designation student  requires 7 hours study time.