Description

OBJECTIVE:
To provide participants with the knowledge needed to properly advise commercial insureds about the amount of a loss for which they may be responsible.

This course reviews property deductibles, including a discussion of flat, percentage, and catastrophe deductibles as well as deductible buyback policies. We will discuss the different types of general liability deductibles that may apply, as well as how the self-insured retention in an Umbrella policy functions. Lastly, we will address the application of deductibles for auto physical damage coverages.

This course is approved for 1 PC CE credit in Virginia only.