Authors: Richard L. Zevnik
ISBN-13: 9781572483835, ISBN-10: 1572483830
Format: Paperback
Publisher: Sourcebooks, Incorporated
Date Published: August 2004
Edition: (Non-applicable)
Richard Wm. Zevnik has over twenty-five years of experience in the business of insurance and the practice of law. From 1979 through mid-1985, Mr. Zevnik was a commercial property insurance and reinsurance underwriter for the Kemper Companies and the former Prudential Reinsurance Company (now known as Everest Reinsurance Company).
Mr. Zevnik attended Loyola Law School in Los Angeles in the evenings while working full-time at Prudential Reinsurance. He graduated in June 1985 in the top twen
We all want the best coverage with the least expensive rates. However, finding the right insurance company and the right agent is actually your second step to making it happen. Your first step is to understand the type of coverage you truly need. Let The Complete Book of Insurance guide you through all of your major insurance needs.
Attorney and former insurance underwriter Zevnik here focuses on property and casualty insurance, including automobile, homeowners', renters', and small business owners' policies. Health, life, and disability insurance are also discussed briefly. Zevnik begins with the history, economics, and structure of the insurance industry, outlining each type of insurance and explaining the common elements of the policies. He emphasizes what is typically covered and what is typically excluded from coverage, with extensive discussion of the meaning of the terminology found in insurance policies. The information is presented logically and clearly, and while this is not an engaging cover-to-cover read, it will be useful to readers trying to understand a policy they own or one they contemplate purchasing. Recommended for public libraries where there is interest in self-help consumer titles.-Joan Pedzich, Harris Beach LLP, Rochester, NY Copyright 2004 Reed Business Information.
Foreword | vii | |
Introduction | xi | |
Part I | Insurance and You | |
Chapter 1 | The Role of Insurance in the Economy | 3 |
Brief History of the Business of Insurance | ||
Chapter 2 | The Structure of the Business of Insurance | 9 |
Kinds of Insurers | ||
Chapter 3 | The Marketing and Selling of Insurance | 15 |
Independent Agents | ||
Captive Agents | ||
Direct Writers | ||
Retail versus Wholesale Brokers | ||
Guaranty Funds | ||
Choosing What is Best for You | ||
Chapter 4 | Insuring Other Interests | 27 |
Mortgages or Trust Deed Holders | ||
Auto Lessors and Lenders | ||
Other Secured Parties | ||
Additional Insured Interests under Liability Coverages | ||
Part II | Your Home | |
Chapter 5 | Homeowners Insurance | 37 |
Property Coverages under Homeowners Policies | ||
Insured Capacity: Named Insureds | ||
Chapter 6 | Loss of Use and Additional Coverages | 57 |
Loss of Use Coverages | ||
Additional Coverages | ||
Chapter 7 | Exclusions | 69 |
Section 1 Exclusions | ||
Additional Exclusions | ||
Comparison Shopping | ||
Exclusions Added by Other Insurers | ||
Chapter 8 | Conditions | 83 |
Conditions Applicable to Property Coverages | ||
Duties after Loss | ||
Loss Settlement | ||
Policy Limits and Insurance-to-Value | ||
Loss to a Pair or Set | ||
Appraisal | ||
Other Insurance and Service Agreements | ||
Suits Against Us | ||
Our Option | ||
Loss Payment | ||
Abandonment of Property | ||
Mortgage Clause | ||
No Benefit to Bailee | ||
Nuclear Hazard Clause | ||
Recovered Property | ||
Volcanic Eruption | ||
Policy Period | ||
Concealment or Fraud | ||
Loss Payable Clause | ||
Chapter 9 | Liability Coverages | 99 |
Insured Capacity Issues | ||
Insured Locations | ||
Insuring Agreement | ||
Personal Injury | ||
Bodily Injury | ||
Property Damage | ||
Duty to Defend and Related Issues | ||
Duty to Indemnify | ||
Medical Payments Coverage | ||
Additional Coverages | ||
Chapter 10 | Liability Coverage Exclusions | 115 |
Motor Vehicle Liability Exclusion | ||
Expected or Intended Injury | ||
Business Exclusion | ||
Professional Services | ||
Insured's Premises not an Insured Location | ||
War | ||
Communicable Disease | ||
Sexual Molestation, Corporal Punishment, or Abuse | ||
Controlled Substances | ||
Contractual Liability | ||
Owned Property | ||
Rental Property | ||
Workers Compensation | ||
Nuclear | ||
Bodily Injury to Insureds | ||
Medical Payments Coverages Exclusions | ||
Personal Injury Liability Coverage Exclusions | ||
Exclusions Added by Other Insurers | ||
Chapter 11 | Liability Coverage Conditions | 131 |
Limit of Liability | ||
Severability of Insurance | ||
Duties after Occurrence | ||
Medical Payments Coverage | ||
Suits Against Us | ||
Bankruptcy of an Insured | ||
Other Insurance | ||
Policy Period | ||
Concealment or Fraud | ||
Personal Injury Coverage Conditions | ||
Conditions that Apply to All Coverages | ||
Chapter 12 | Choosing Liability Limits | 143 |
Structuring Your Liability Insurance Limits | ||
Part III | Your Auto | |
Chapter 13 | Personal Automobile Policies | 149 |
Structure of Personal Auto Policies | ||
Insurable Interest | ||
Personal Auto Policy Definitions | ||
Liability Coverage Provisions | ||
Chapter 14 | Auto Liability Coverage Exclusions | 161 |
Family Members | ||
Intentional Injury or Damage | ||
Owned or Transported Property | ||
Rented, Used, or Cared-For Property | ||
Bodily Injury to Insured's Employees | ||
Public or Livery Conveyances | ||
Auto Business Exposures | ||
Maintenance or Use of Vehicles in Business Context | ||
Use of Vehicles without Permission | ||
Nuclear Peril | ||
Motorcycles and Off-Road Vehicles | ||
Other Exclusions | ||
Other Comments | ||
Chapter 15 | Auto Liability Coverage Conditions | 169 |
Limit of Liability | ||
Out-of-State Coverage | ||
Financial Responsibility | ||
Other Insurance | ||
Chapter 16 | Medical Payments Coverage | 173 |
Exclusions | ||
Auto Medical Payments Limits of Liability | ||
Chapter 17 | Uninsured & Underinsured Motorist Coverage | 183 |
Coverage | ||
Definitions | ||
Exclusions | ||
Arbitration | ||
Limit of Liability Provisions | ||
Other Underinsured Motorist Coverage Provisions | ||
Chapter 18 | Physical Loss or Damage Coverage Provisions | 191 |
Additional Coverages | ||
Exclusions | ||
Conditions | ||
Chapter 19 | Life, Credit Life, Disability, and Health Coverage | 209 |
Life Insurance | ||
Credit Life Insurance | ||
Disability Income Insurance | ||
Health Insurance Policies and Managed Care Plans | ||
COBRA Rights | ||
Glossary | 233 | |
State Insurance Commissioners | 245 | |
Index | 265 | |
About the Author | 273 |