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...
Mar 21, 2025 | Study Notes, Property & Casualty
Surplus Lines Surplus lines is a way of covering risks that no one else wants. Airports, Amusement parks, super risky right? It’s difficult for risky businesses like that to get insurance through a regular company. All regular insurance companies have certain rules...
Mar 19, 2025 | Study Notes, Property & Casualty
P&C: Types of Liability Liability basically means “you’re responsible for this.” There are three types of liability: Absolute, Strict and Vicarious. Absolute Liability – You’re absolutely at fault, what you did was so reckless and dangerous we don’t...
Mar 17, 2025 | Study Notes, Property & Casualty
P&C Damages Damages: Property, Bodily, Special, General, Punitive Damages are the money that a person pays out when they have caused damage to someone/something. There are three types of Damages and two sub-categories: Property – Physical damage to...
Mar 12, 2025 | Life & Health, Study Notes
Types of Life Policies: Key Points TERM Life Insurance Duration: Lasts for a specific term or set amount of time. Cost: Generally the least expensive option. Purpose: Ideal for those needing coverage for a specific period, like until a child finishes college or until...
