PAP: Physical Damage Coverage in the ISO PAP -- CLEQ

Overview

Coverage for damage to or theft of the insured’s auto is found in the physical damage section of the personal auto policy (PAP). These are damages that result from collision and other than collision perils such as vandalism or theft. This course provides an in-depth look at how the Insurance Services Office, Inc. (ISO) personal auto policy (PAP), covers damage to the policyholder’s own cars. The course carefully explains the concepts of “collision coverage” and “other than collision coverage,” illustrating the various situations to which each type of coverage applies. 

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License or Certification 

 

Regulator 

 

Type 

 


Objectives

  • Identify the coverage available under the physical damage insuring agreement
  • Identify exclusions that apply to physical damage coverage
  • Recognize how the limit of liability applies

Designed For:

Property and casualty insurance agents, brokers, adjusters, and claims professionals at any level in their career


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.

Course Information

Adding additional credit may change exam requirements.