Most insurance buyers don’t read their policies until after a loss occurs. Claims representatives, agents, and brokers should also conduct post-loss policy analysis to apply coverage or answer questions. Effective analysis requires understanding policy construction and interpretation, and matching client exposures with appropriate coverage. This course explains insurance policy nature, terms for different policy types, six possible components, and how to analyze a policy for specific loss coverage.

• recognize the meanings of terms used to describe insurance policies and their components
• identify the types of information found in an insurance policy’s components and the purpose or function of each component
• identify the steps in an organized approach to post-loss policy analysis and recognize what is involved in each step
• identify the steps in an organized approach to pre-loss policy analysis and recognize what is involved in each step
• recognize important rules that courts and others apply when interpreting insurance policies

Property and casualty insurance agents, risk, and finance professionals