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Course Info

About this Course

To develop students' understanding on the principles and practices of Fire and Consequential Loss Insurance.

Course Syllabus

Standard Fire Policy
structure of fire policy
operative clause
schedule
specification and policy condition

Perils Covered under Fire Insurance
standard fire perils
special perils

Common Clauses under Fire Insurance
debris removal clause
professional fee clause
public authorities clause
capital addition clause
contract price clause
escalation clause
coinsurance and leader clause

Practical Aspects of Fire Insurance
building in the course of construction
reinstatement value day policy and claims
declaration policy and premium computation

Rating and Tariff
schedule of rates and trade/ occupation
schedule of rates for special/ extraneous perils

Consequential Loss Insurance
scope and purpose
measure and indemnity
underwriting consideration

Houseowner/ Householder Insurance
houseowner insurance
householder insurance

New Business Procedure
fire underwriting
identification of physical and moral hazard
risk improvement and loss control
fixing of retention
reinsurance

Claims and Survey
procedure of claim

Frequently Asked Questions

Q1 : Who is the initiator of this course via mooc?
A1 : The initiator of this platform for this particular subject is the team from Department of Risk and Insurance, UiTM Campus Melaka