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Last Post 07/13/2012 11:40 PM by  CatAdjusterX
Different types of policies for property
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rwheeling
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06/26/2012 4:40 PM

    I have been adjusting for a year now.  I am "ok" with H03 policy but want to learn more about all the different policies on the property side of adjusting.  Vale is the only place that I have found that talks about teaching policy information.  My background is from the restoration side of the business before I switched to IA.  I have my Met, USAA, and Florida Citizens certifications.  I am just looking to learn more about policy differences to be the best I can be.

    My other friends say it is a knowledge base you learn on the job.  I want to pursue this knowledge base further and prevent the rookie mistakes. 

    Thank you in advance for your suggestions and experiences.

    We are committed to helping Catastrophe Adjusters in the field be more organized, efficient and productive. http://www.scheduleit.org/ Call today at 515-44 CLAIM
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    Medulus
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    06/29/2012 6:03 PM

    I'm not sure whether you are interested in different types of Personal Lines Property Policies or also including Commercial Lines Policies. I would highly recommend the AIC courses (available at AICPCU.org) called AIC 41 Property Coverages or AIC 43 Property and Liability Coverages. These will not only introduce you to the wide world of insurance policies, but they also count toward you AIC designation which is highly respected in the industry. But beware!  These are some of the hardest courses I ever encountered, including those I took to get my Masters Degree. 

    AICPCU also publishes a book called The CPCU Handbook of Insurance Policies, which has examples of all sorts of policies including Homeowners, Personal Auto, Commercial Property, Commercial Inland Marine, Ocean Marine, Commercial Crime, Equipment Breakdown, Business Owners, Farm, Commercial General Liability, Commercial Auto, Workers Comp, Surety Bonds, and other policies.  My boss comes over to my desk and borrows it sometimes to assist in his expert witness work.

    Steve Ebner CPCU AIC AMIM

    "With great power comes great responsibility." (Stanley Martin Lieber, Amazing Fantasy # 15 August 1962)
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    CatAdjusterX
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    07/07/2012 8:34 PM
    Posted By Rebecca on 26 Jun 2012 04:40 PM

    I have been adjusting for a year now.  I am "ok" with H03 policy but want to learn more about all the different policies on the property side of adjusting.  Vale is the only place that I have found that talks about teaching policy information.  My background is from the restoration side of the business before I switched to IA.  I have my Met, USAA, and Florida Citizens certifications.  I am just looking to learn more about policy differences to be the best I can be.

    My other friends say it is a knowledge base you learn on the job.  I want to pursue this knowledge base further and prevent the rookie mistakes. 

    Thank you in advance for your suggestions and experiences.

    Hello Ms. Rebecca,

    What Steve has written pretty much sums up the best avenue to advance your policy knowledge and there is not much else to say on the subject with one exception. That exception being following the link provided below:

                                                                www.claimspages.com

    Once on the site, you will be able to access all the policies that you could possibly imagine. Whilst only a suggestion and my opinion (others may differ) but you would be best served to learning all of the HO- series of policies (IE 1/2/3/4/5 etc........) as well as the DP- (Dwelling Policy) series of policies(1/2/3). You will also find examples of commercial insurance policies and other types but as a newer adjuster (in most cases) you will not be exposed to commercial risks until you have a bit more experience under your belt.

    The best thing about The Claims Pages is that access is free. As Steve stated, the AIC designation is highly regarded in the industry and is indeed very complex in it's capacity and will NOT be a walk in the park. These classes are NOT like most adjusting certifications where you sit for an 8 hour class and get your shiny new certificate on the way out the door. 

    "A good leader leads..... ..... but a great leader is followed !!" CatAdjusterX@gmail.com
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    CatAdjusterX
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    07/08/2012 9:05 PM
    Posted By CatAdjusterX on 07 Jul 2012 08:34 PM
    Posted By Rebecca on 26 Jun 2012 04:40 PM

    I have been adjusting for a year now.  I am "ok" with H03 policy but want to learn more about all the different policies on the property side of adjusting.  Vale is the only place that I have found that talks about teaching policy information.  My background is from the restoration side of the business before I switched to IA.  I have my Met, USAA, and Florida Citizens certifications.  I am just looking to learn more about policy differences to be the best I can be.

    My other friends say it is a knowledge base you learn on the job.  I want to pursue this knowledge base further and prevent the rookie mistakes. 

    Thank you in advance for your suggestions and experiences.

    Hello Ms. Rebecca,

    What Steve has written pretty much sums up the best avenue to advance your policy knowledge and there is not much else to say on the subject with one exception. That exception being following the link provided below:

                                                                www.claimspages.com

    Once on the site, you will be able to access all the policies that you could possibly imagine. Whilst only a suggestion and my opinion (others may differ) but you would be best served to learning all of the HO- series of policies (IE 1/2/3/4/5 etc........) as well as the DP- (Dwelling Policy) series of policies(1/2/3). You will also find examples of commercial insurance policies and other types but as a newer adjuster (in most cases) you will not be exposed to commercial risks until you have a bit more experience under your belt.

    The best thing about The Claims Pages is that access is free. As Steve stated, the AIC designation is highly regarded in the industry and is indeed very complex in it's capacity and will NOT be a walk in the park. These classes are NOT like most adjusting certifications where you sit for an 8 hour class and get your shiny new certificate on the way out the door. 

    ...........................................................

    Ms. Rebecca,

    Do not think of ClaimsPages as an alternative to Steve's post. Take my post as a way to enhance your claims and policy knowledge and seriously consider looking into Steve's suggestions

     



    "A good leader leads..... ..... but a great leader is followed !!" CatAdjusterX@gmail.com
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    Medulus
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    07/12/2012 3:39 PM
    Advice so good it had to be said twice, huh, Robbie?
    Steve Ebner CPCU AIC AMIM

    "With great power comes great responsibility." (Stanley Martin Lieber, Amazing Fantasy # 15 August 1962)
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    HuskerCat
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    07/12/2012 9:26 PM

    In the beginning, you will want to follow the advice of the previous posts and educate yourself on the personal lines coverage forms.  Those will allow you to learn when, where and how to look for certain exclusions and limitations that may come into play on your claims.

    As a beginner, don't let yourself get caught up with commercial coverages.  Most likely, as a beginner, you won't be given any commercial losses anyway.  If so, you will be in the sink or swim mode.

    I was staff trained by a carrier as a multi-line adjuster, and worked for them 8 years handling HO, Commercial Prop, Commercial Auto, Commercial General Liability, Workers Comp, you name it.  Went to another carrier with similar duties for a few years, then to an Indep as a local branch multi-line IA, and finally off on my own as an inside IA CAT consultant/file reviewer.  I've been working for this same carrier (and only this carrier) since 2005 on a steady basis and constant standby when their volume doesn't require me.  Presently I am back at the same carrier, handling only commercial losses....but this year have been given a plethora of losses on commercial coverage forms I had never seen before.  At first I felt like a rookie again, but went back to RTPYF (Read The Policy, You Fool)!

    The foundation you lay for yourself in learning the easier forms (HO's), and knowing what to look for or who to ask for help...the easier it will make to transition over to commercial losses one day down the road.  It's been said many a time here on CADO, if coverage knowledge is to be learned and learned correctly.....one should go the staff route first.  You get paid to learn how to do it before actually doing it.

     

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    CatAdjusterX
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    07/13/2012 11:40 PM

    Posted By Medulus on 12 Jul 2012 03:39 PM
    Advice so good it had to be said twice, huh, Robby?

    ................................

    Yes Mr. Steve!!! Nah, I accidently hit the quote button to add some additional info and didn't realize it quoted the whole post.....twice.



    "A good leader leads..... ..... but a great leader is followed !!" CatAdjusterX@gmail.com
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