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


Course Description
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. How the PAP responds to damage to nonowned and temporary substitute autos is also discussed. Upon completion of this course, you will be better able to:

  1. compare and contrast the three types of property covered by the PAP policy
  2. explain to your clients how to choose an appropriate deductible amount
  3. examine the facts of a particular situation and explain if the loss should be covered as “collision” or “other-than-collision”
  4. explain how the PAP covers physical damage losses to nonowned automobiles
  5. explain how “time deductibles” apply to transportation expense coverage
  6. examine the facts surrounding the use of a car and determine if that car is being used as a “public or livery conveyance,” which requires special coverage

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference services. IRMI publications are considered the ultimate authority by leading insurance practitioners and even federal appellate courts when interpreting insurance coverage. Use the knowledge you gain from IRMI CE courses with confidence, knowing they are written by seasoned insurance professionals who employ diligent quality assurance standards to provide the most up-to-date, practical, and reliable information possible.

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