Louisiana Pre-Licensing—Adjuster Duties and Responsibilities

Posted on October 6, 2020 by Chris B

Customer Service Claim adjusting is a customer service profession. When dealing with policyholder’s, always behave professionally. As an adjuster, you are expected to make initial contact within 24 hours. Set proper expectation with your policyholder’s. Timely follow up is critical to keep your policyholder informed. Set appointments at reasonable times for your needs as well […]

Louisiana Pre-Licensing—Licensing Requirements

Posted on October 6, 2020 by Chris B

Types of Licenses Automobile – personal and commercial. Personal – homeowners, including liability. Commercial – commercial general liability, commercial property, commercial crime, commercial inland marine, boiler and machinery farm coverage, ocean marine insurance, other policies such as boat owners, aircraft hull, fire, residual markets and business owners. Crop – damage to crops. Comprehensive – includes […]

Louisiana Pre-Licensing—Terms and Conditions, Part 4

Posted on October 6, 2020 by Chris B

HO-2 Form – A type of home insurance that is written on a named-perils basis. This means it only covers damage to your property that’s caused by one of the perils listed on the policy. HO-3 Form – A type of Homeowner’s policy that provides coverage to Coverage A (structure) for All Risks of Physical […]

Louisiana Pre-Licensing—Terms and Conditions, Part 3

Posted on October 6, 2020 by Chris B

HO-2 Form – A type of home insurance that is written on a named-perils basis. This means it only covers damage to your property that’s caused by one of the perils listed on the policy. HO-3 Form – A type of Homeowner’s policy that provides coverage to Coverage A (structure) for All Risks of Physical […]

Louisiana Pre-Licensing—Terms and Definitions, Part 2

Posted on October 6, 2020 by Chris B

Coinsurance – (1) In property insurance, it is the percentage of value that the policyholder is required to insure (commonly 20%). (2) In health insurance, a provision that the insured and insurance company will share covered losses in agreed proportion. In health insurance, the preferred term is “percentage participation.” Collision Coverage – Pays for damage […]

Louisiana Pre-Licensing—Terms and Definitions

Posted on October 6, 2020 by Chris B

Abatement – The act or process of reducing or otherwise abating something: the state of being abated. Absolute Liability – Also called strict liability, is imposed on individuals whose specific actions, or failures to act, result in third-party losses, such as bodily injury or property damage. Accident – An unexpected or unforeseen actual, identifiable, precipitous […]