Apr 4, 2025 | Study Notes, Property & Casualty
Blanket vs Specific Coverage Blanket – A SINGLE policy coverage MULTIPLE classes, for ONE price. I think of a blanket as an actual blanket on the bed. You and your partner are different (Multiple classes) and you each have to fight for the blanket, it covers...
Apr 2, 2025 | Study Notes, Property & Casualty
Fair Credit Act & Consumer Reports What’s most important about consumer reports is knowing that consumer reports are for public information and investigative consumer reports are for interviewing your friends and family for information. When an insurance...
Mar 31, 2025 | Study Notes, Property & Casualty
Commercial Auto A commercial auto policy is just like a regular auto policy. It can cover liability and it can cover physical damage. The type of business you have will determine what kind of policy you have, and each type has it’s own symbol numbers. Every state is a...
Mar 28, 2025 | Study Notes, Property & Casualty
Arbitration & Appraisal When a claim is to be paid out, the insured and the insurer may not agree on the loss payout. If this is the case, a third party is brought to help break the tie so to speak. For instance, your car it totaled. You feel your car is worth...
Mar 26, 2025 | Study Notes, Property & Casualty
Primary & Excess Insurance Policies Primary and Excess- Policies are pretty much pre-determined to be Primary or Excess. For the exam, it should tell you if a policy is primary or excess, but pretty much all the policies you have learned about are primary, except...
Mar 24, 2025 | Study Notes, Property & Casualty
Stated vs Agreed When you have a high dollar item, or a uncommon item like a classic remodeled car, you will normally need a special policy like Agreed or Stated Value Policy. These are ALMOST identical, but there is a slight difference. An agreed value policy is the...
