Title: The Business of Insurance, Vol. 1 of 3: A Text Book and Reference Work, Covering All Lines of Insurance Written by Eighty Eminent Experts, Compiled and Edited (Classic Reprint)
Publisher: Forgotten Books
Publication Date: 2018
Language: English
ISBN 10: 0656840307
ISBN 13: 9780656840304
Binding: HRD
Condition: New
Weight: 988 grams

About this title

Synopsis

Demystifying how insurance works: from premiums and proofs of loss to key policy clauses.

This practical reference explains the inner workings of fire and marine insurance, including how losses are proven, adjusted, and paid. It covers the steps insurers require, such as proof of loss, surveys, and proof of interest, and shows how these processes fit into real-world claims.

This edition also examines important policy terms and their implications, like the American clause and the rule that small losses under 5 percent may not be paid, helping readers understand risk sharing and premium costs. It ties together topics from underwriting and rates to the management of agencies and the role of experts in evaluating claims.

How losses are investigated, documented, and settled
Key clauses that affect coverage, contribution, and settlement
How rates, plans, and policy types compare in practical use
The roles of inspection, appraisal, and administration in insurance

Ideal for readers of insurance theory and practitioners seeking a clear, applied overview of core concepts and procedures.

"About this title" may belong to another edition of this title.

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