This class was created by Brainscape user Katrina Van Kleek. Visit their profile to learn more about the creator.

Decks in this class (32)

1.1 - Defining Property Insurance
Property insurance,
Types of property covered,
Insurable interest
15  cards
1.2 - The Evolution of Property Insurance
Fire insurance,
Lightning damage,
What is an exclusion
16  cards
1.3 - Who and What are Covered in Property Insurance
Named insured,
Commercial policy named insured,
Habitational policy named insured
11  cards
1.4 - The Development of Insurance Contracts
Plain language policy,
Limitation of liability clause,
Identified articles
15  cards
2.1 - The Legal Context for Property Insurance
Civil law,
In canada there are 2 main system...,
Common law definition
10  cards
2.2 - Legislation and Property Policies
Material fact,
Statutory conditions fire insurance,
1 misrepresentation
24  cards
2.3 - The Impact of Privacy Laws in Insurance
Pipeda,
What happens when privacy law has...,
What is personal information
6  cards
3.1 - The Scope of Property Insurance
Property insurance,
Peril,
Risk
8  cards
3.2 - Named Perils in IBC Habitational Forms: Discussion
Named peril 1 fire,
Named peril 2 lightning,
Named peril 3 explosion
18  cards
3.3 - Non-Standard Perils
Non standard perils 1 wildfire,
Non standard perils 2 hurricane,
Non standard perils 3 tornado
15  cards
3.4 - Hazards
Hazards,
2 types of hazards,
Key peril hazards
26  cards
4.1 - Personal Property Policies: Structures and Types
Declarations,
Structure of a personal property ...,
Plain language wordings
10  cards
4.2 - Key Policy Forms and Clauses in Property Insurance
Key policy forms,
Key clauses in property insurance,
Key clauses in property insurance...
12  cards
4.3 - Reading a Property Policy
Relevance of policy sections,
Brokers and agents,
Roles of brokers and agents
12  cards
5.1 - Opening Sections of the Homeowners Form
Policy opening statements,
Second section of policy a guide ...,
A guide to the policy first expla...
30  cards
5.2 - Coverages
Coverage clause section,
Coverage a dwelling building,
Coverage b detached private struc...
14  cards
5.3 - Extension, Application, and Limitation of Coverage
Extensions of coverage,
Extensions of coverage moving to ...,
Extensions of coverage property r...
19  cards
5.4 - Basis of Claim Payment
Basis of claim payment introduction,
Guaranteed replacement cost,
Dwelling building and detached pr...
15  cards
6.1 - Exclusions: An Overview
The need for exclusions,
Exceptions to an exclusion,
Reading a policy extending step 3
4  cards
6.2 - First Group of Exclusions: Property Not Insured
Exclusions property not insured,
Exclusions property not insured b...,
Exclusions property not insured p...
9  cards
6.3 - Second Group of Exclusions: Loss or Damage Not Insured
Exclusions loss or damage not ins...,
Exclusions loss or damage not ins...,
Exclusions loss or damage not ins...
40  cards
6.4 - Case Study: Applying the Water Damage Exclusion
Claim scenario,
Claim scenario coverage analysis
2  cards
7.1 - Endorsements
Endorsement,
Endorsements override specific te...,
The nature and role of endorsements
15  cards
7.2 - Floaters
The nature and role of floaters,
Definition of floater,
How floaters operate 3 ways
14  cards
8.1 - Specialized Dwelling Coverages
Specialized types of dwellings,
Secondary homes,
High valued homes
36  cards
8.2 - Condominiums
Condominium,
Legislation governing condominiums,
The condominium corporation
13  cards
8.3 - Tenants
Tenants policies,
Tenants policies underwriting con...,
Tenants policies underwriting con...
14  cards
9.1 - Named Perils and Broad-Form Perils
Commercial property forms,
Commercial property forms named p...,
Commercial property forms broad f...
3  cards
9.2 - Commercial Property Broad Form: Exclusions
Commercial property broad form,
Commercial property broad form ex...,
Inherent vice
14  cards
9.3 - Commercial Property Broad Form: Limits of Insurance
Replacement cost value rcv,
Coinsurance clause,
Commercial property broad form cl...
16  cards
10.1 - Underwriting Property Insurance
Underwriting property insurance t...,
Underwriter,
Underwriting property insurance t...
30  cards
10.2 - Responding to Property Insurance Claims
The role of brokers and agents,
The role of the claims adjsuter,
Adjuster
15  cards

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