Duties of an Insured Presenting a Property Claim

Duties of an Insured Presenting a Property Claim, available at $19.99, has an average rating of 4.63, with 8 lectures, 2 quizzes, based on 4 reviews, and has 13 subscribers.

You will learn about Recognize how the insured’s cooperation is necessary to resolve a claim. Explore the duties that must be fulfilled before a policy claim can be resolved. Recognize how to fulfill the detailed conditions required of the insured. Recognize how to cooperate with the insurer to resolve claims. Explore that the covenant of good faith and fair dealing applies to the insured as well as it applies to the insurer. Identify what the insurer needs to obtain from the insured before a settlement can be reached. Explore the obligations of the insured to assist in the processing of a claim. This course is ideal for individuals who are Anyone interested in business law It is particularly useful for Anyone interested in business law.

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Summary

Title: Duties of an Insured Presenting a Property Claim

Price: $19.99

Average Rating: 4.63

Number of Lectures: 8

Number of Quizzes: 2

Number of Published Lectures: 8

Number of Published Quizzes: 2

Number of Curriculum Items: 10

Number of Published Curriculum Objects: 10

Original Price: $22.99

Quality Status: approved

Status: Live

What You Will Learn

Recognize how the insured’s cooperation is necessary to resolve a claim.
Explore the duties that must be fulfilled before a policy claim can be resolved.
Recognize how to fulfill the detailed conditions required of the insured.
Recognize how to cooperate with the insurer to resolve claims.
Explore that the covenant of good faith and fair dealing applies to the insured as well as it applies to the insurer.
Identify what the insurer needs to obtain from the insured before a settlement can be reached.
Explore the obligations of the insured to assist in the processing of a claim.

Who Should Attend

Anyone interested in business law

Target Audiences

Anyone interested in business law

This course explains that the first party property insurance policy places multiple conditions on the person or entity insured to, at the very least, cooperate with the investigation of the insurer and to treat the insurer with good faith and fair dealing. The duties include, but are not limited to, giving prompt notice to the insurer, protecting the property from further damage, permitting the insurer to inspect the property, producing books and records, assisting the insurer in creating a scope of loss, producing documents and submitting a sworn statement as proof of loss. If the insured and the insurer cannot agree on the amount of loss, they must submit to “appraisal” a form of arbitration limited to establishing the amount of loss.

The course covers the following:

The duties a policy of first party property insurance imposes on the insured.
The duties are basically a requirement that the insured fulfill all policy conditions.
The use of an “appraisal” to resolve disputes over the amount of loss.
The “Concealment, Misrepresentation, or Fraud” condition of the policy and how the insured can avoid its use to defeat its claim.
The hazard faced by an insured who fails to fulfill the conditions of the policy.
The need of the insured to prove his or her loss.
The use of a public insurance adjuster.
How the covenant of good faith and fair dealing assists the insured who does not fully comply with policy conditions.

Course Curriculum

Chapter 1: Introduction

Lecture 1: Introduction to The Duties of an Insured Presenting a First Party Property Claim

Lecture 2: The Conditions of the Policy Establish the duties Imposed on the Insured

Lecture 3: The Conditions of the Policy Establish the Duties Imposed on the Insured (cont'd

Lecture 4: The "Concealment, Misrepresentattion Or Fraud" Condition

Lecture 5: Some Insurance Policies Have Restrictive Conditions

Lecture 6: Cooperation and Conclusion

Chapter 2: Supporting Materials

Lecture 1: Slides: The Duties of an Insured Presenting a First Party Property Claim

Lecture 2: The Duties of an Insured Presenting a First Party Property Claim Glossary

Chapter 3: Review and Test

Instructors

Illumeo Learning
Condensed and Efficient Courses for Busy Professionals
Barry Zalma (Illumeo)

Rating Distribution

1 stars: 0 votes
2 stars: 0 votes
3 stars: 1 votes
4 stars: 0 votes
5 stars: 3 votes

Frequently Asked Questions

How long do I have access to the course materials?

You can view and review the lecture materials indefinitely, like an on-demand channel.

Can I take my courses with me wherever I go?

Definitely! If you have an internet connection, courses on Udemy are available on any device at any time. If you don’t have an internet connection, some instructors also let their students download course lectures. That’s up to the instructor though, so make sure you get on their good side!

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