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Skills Unit
LA503-15

Property and Casualty Loss Adjusting

This module looks at the role of the loss adjuster in relation to property claims, the purpose of property cover and loss, insurable interest, property policies, the cover provided and issues relating to property cover. Students will also study the reasons for physical measurement or photographic evidence when verifying loss, interviewing processes of an insured, types of combustions, fire spreads, common causes of ignition and evidence of forced entry in a fire loss. Also covered is commercial stock loss, the insured and insurers rights in loss mitigation, the purpose of casualty cover and the effects of a casualty loss.

20 CIP Points
Property and Casualty Loss Adjusting
AUD $915
Claims
12 weeks

What you'll learn

  • Explain the concept of property loss covering insurable interest and its practical implications
  • Explain the various property policies and related conditions including relevant insurance principles
  • Explain the role of the loss adjuster in processing a property claim
  • Explain the role of the loss adjuster in the investigation and verification of property claims
  • Explain the strategies used in the investigation process
  • Explain the issues specifically related to fire and stock losses
  • Explain the insured’s and insurer’s rights and obligations in regard to loss mitigation and the loss adjusters role
  • Explain the purpose and key principles of casualty insurance
  • Describe the legal liabilities that may arise in casualty loss
  • Describe the types of casualty policies available and related issues
  • Explain the role of the loss adjuster in processing a casualty claims
  • Describe the steps required to verify a loss and precautions to be taken
  • Describe the principles of third party losses
  • Explain the role and duties of the loss adjuster in mitigating loss.

Competencies

FNSILA505 Provide ancillary services

Online Assignment

  • Pass Grade: students must be assessed as competent in all assignment questions

Online Exam

  • Pass Grade: 50%
  • Duration: 90min
20 CIP Points
Property and Casualty Loss Adjusting
AUD $915
Claims
12 weeks