Skills Unit
LA511-00
Construction Loss Adjustment
Investigates the cover provided by a typical construction insurance policy including policy cover, extensions, exclusions and conditions, and their effect on construction loss. This module also covers the types of contracts that can be encountered on a construction project and their implications for a construction loss and the loss adjustment process. Students will also learn what is required for the successful completion of a construction loss adjustment, relevant case law and legislation applicable to construction losses and the types of enquiries that are required for a specific construction loss situation.
What you'll learn
Upon completion of the program, participants should be able to:
- describe the cover provided by a typical construction insurance policy
- explain the policy cover, extensions, exclusions and condition, and their effect on construction loss
- describe the types of contracts that can be encountered on a construction site and explain their implications to a construction loss
- describe the interrelationships of the various parties that are required for the successful completion of a construction loss adjustment
- explain the features of different types of contracts and their relevance to the loss adjustment process
- identify and describe the relevant case law and legislation applicable to construction losses and how these should be applied
- identify the types of enquiries that are required for a specific construction loss situation.
Competencies
FNSISV510A Manage non-routine and complex claims
Online Assignment
- Pass Grade: students must be assessed as competent in all assignment questions
Online Exam
- Pass Grade: 50%
- Duration: 120min