1 / 6

Overview of Property Insurance

Overview of Property Insurance. Chapter 10 Risk Management for Financial Planners. Insurance needs and rationale analysis Use a systematic approach to gather information about a risk Checklists and questionnaires with specific questions

Jimmy
Télécharger la présentation

Overview of Property Insurance

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Overview of Property Insurance Chapter 10 Risk Management for Financial Planners • Insurance needs and rationale analysis • Use a systematic approach to gather information about a risk • Checklists and questionnaires with specific questions • An analysis of financial statements that may disclose exposures • Flowcharts depicting relationships between operations • Loss analysis that reveals past exposures • Onsite inspection • Analysis of the exposure • Frequency • Severity

  2. Overview of Property Insurance Chapter 10 Risk Management for Financial Planners • Evaluation of real and personal property exposures • Real property • Building (manufacturing plants, office buildings, apartments, condominiums, and houses) • Structures (swimming pools and fences) • Land on which building and structures are located • Personal property—items not included in real property category • Furniture • Clothing • Fax machines • Finished stock

  3. Overview of Property Insurance Chapter 10 Risk Management for Financial Planners • Evaluation of real and personal property exposures (cont’d) • Property Exposures (C.O.P.E.) • Construction • Types of construction (e.g., frame, masonry, materials used for flooring, roof) • Occupancy • How will the property be used

  4. Overview of Property Insurance Chapter 10 Risk Management for Financial Planners • Evaluation of real and personal property exposures (cont’d) • Property Exposures (C.O.P.E.) (cont’d) • Protection • Kind and quality • Public and private • Fire extinguishers, sprinkler systems, training, equipment, and proximity of public fire department • Exposures • Outside sources that create the chance for loss

  5. Overview of Property Insurance Chapter 10 Risk Management for Financial Planners • Evaluation of auto risk exposures • Personal • Private autos, pickup trucks, vans, and trailers • Factors determining frequency and severity of hazards • Age • Sex • Marital status • How car will be used • Type of car • Occupation of the insured • Where the vehicle is garaged

  6. Overview of Property Insurance Chapter 10 Risk Management for Financial Planners • Evaluation of auto risk exposures (cont’d) • Business auto policy • Vehicles used in the course of business • Whether owned, leased or hired by the organization • Factors determining frequency and severity of hazards • Whether the organization leases vehicles • How many vehicles in the fleet • Will individual’s vehicles will be used for business purposes • If customers vehicles are driven by employees (e.g., valets) • Are vehicles used for public transportation

More Related