Skills Unit
LA510-00

Theft, Money and Fidelity Loss Adjustment


Concentrates on the role of the loss adjuster in theft, money and fidelity loss, including the effects of each type of loss, the policies available, their purpose, scope of cover and typical claim triggers. Students will learn about the concepts of limit of liability and sum insured, conditions, exclusions and extensions, settlement, investigation and reconciling stock loss. The module will also cover physical measurement, photographic evidence and market intelligence in claims evaluation, minimising loss through salvage, contribution, recovery and restitution and common physical security considerations used to protect a risk.

20 CIP Points
Theft, Money and Fidelity Loss Adjustment
AUD $915
Claims
12 weeks
Enrol Now

What you'll learn

Upon completion of the program, participants should be able to:

  • define theft, money and fidelity loss
  • describe the effects of theft, money and fidelity loss
  • outline theft, money and fidelity loss policies available, their purpose and scope of cover
  • describe the typical claim triggers for theft, money and fidelity claims
  • outline the role of the loss adjuster in theft, money and fidelity claims
  • explain with respect to theft, money and fidelity insurance the concepts of limit of liability and sum insured
  • outline the typical conditions, exclusions and extensions that appear in theft, money and fidelity policies
  • explain the basis of settlement in theft, money and fidelity policies
  • outline the purpose of the investigation into a theft, money or fidelity loss and the factors that a loss adjuster needs to consider when investigating such a loss
  • outline the methods and techniques that help a loss adjuster evaluate a theft, money or fidelity loss
  • explain the process of reconciling a stock loss
  • list and describe the various types of documentation used in the investigation and adjustment of theft, money of fidelity claims
  • explain the value of physical measurement, photographic evidence and market intelligence in claims evaluation
  • explain how a loss can be minimised through (a) salvage, (b) contribution, (c) recovery and restitution, (d) rewards
  • explain the factors which a loss adjuster must consider in relation to restitution
  • describe common physical security considerations which can help protect a risk.

Competencies

FNSCUS402A Resolve disputes

Online Assignment

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

Online Exam

  • Pass Grade: 50%
  • Duration: 120min
20 CIP Points
Theft, Money and Fidelity Loss Adjustment
AUD $915
Claims
12 weeks
Enrol Now