DESCRIPTION
This course provides useful background into the subject of non-standard household cover. It should be of interest to those who already work in household insurance.
At the end of this course you will have an understanding of non-standard risks and you will have an appreciation of how a policyholder’s occupation or occupancy can affect a risk. You will understand other terms and conditions of such policies.
OBJECTIVES
By the end of you should be able to:
- Describe what is meant by a non-standard risk
- Explain the impact of the policyholder’s occupation on the risk
- Demonstrate an understanding of why insurers have concerns over premises with flat felt roofs
- Describe how unoccupancy affects the risk
- Explain how high sums insured affect underwriting
