PAP: Exposures, Loss Control, and Endorsements -- CLEQ


Driving an automobile is arguably the most dangerous activity a person normally engages in on a day-to-day basis. For many Americans, their automobile also represents a significant percentage of their assets. As a result, an automobile accident is one of the key loss exposures that people face.

This course provides an interesting and informative review of the various loss exposures that drivers and the owners of automobiles face—from such perils as collisions, thefts, and fires. You will then learn some steps that drivers and vehicle owners can take to reduce the frequency and severity of personal auto losses.

Learning Objectives

Upon completion of this course, students will be better able to:
  • give your clients helpful advice for reducing the possibility that they or their loved ones will be injured or killed in an auto accident
  • discuss with clients or underwriters how various automobile safety features and theft deterrents can reduce loss exposures, which can assist them when they contemplate buying new vehicles or insuring your client compare and contrast all the various auto theft devices
  • explain to clients how the “suspension of insurance” and “reinstatement of insurance” endorsements work in conjunction with each other
  • explain the concept of combined single limits coverage to clients summarize how personal auto coverage for leased vehicles can be amended via endorsement
  • explain the limitations of the “limited Mexico coverage” endorsement and why Mexican insurance is imperative

Designed For

P&C producers; adjusters and public adjusters
International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.
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