Property & Casualty case studies
Property & Casualty · Put your knowledge to work in context.
The Property & Casualty producer license is the credential that allows you to sell, solicit, and negotiate property and casualty insurance - homeowners, dwelling, commercial property, personal and commercial auto, inland marine, crime, general liability, and workers' compensation. It is required for anyone acting as an agent or broker in these lines, whether you plan to work for a carrier, an independent agency, a captive agency, or your own brokerage. The Property & Casualty case studies are 5 cases and about 4,004 words.
1Sewage Backup, Mold, and a Warning Ignored
Dana owns a 1962 split-level insured on an HO-3: Coverage A 400,000, Coverage C 200,000, a 2,500 deductible, and an HO 04 95 water backup endorsement with a 10,000 limit. In February a collapsed cast-iron lateral sent three inches of sewage across the finished basement.
791 words, about 4 min2A Statement of Values That Wins the Building and Loses the Contents
Ridgeline Fabrication insures its plant on a CP 00 10: blanket limit 1,500,000 on the building, 500,000 on business personal property, 80% coinsurance, 10,000 deductible per occurrence, replacement cost. The statement of values submitted at inception showed a building replacement cost of 1,800,000 and BPP of 750,000.
734 words, about 4 min3Fourteen Checks, One Employee, One Limit
Cedar Falls Dental Group buys a commercial crime policy with employee dishonesty limits of 100,000 per occurrence and a 2,500 deductible, plus forgery or alteration coverage of 25,000. In September a newly hired office manager began mailing checks to a consulting entity she controlled - fourteen checks totaling 212,000, running from September through the following June, each signed by the dentist, who never opened a bank statement.
784 words, about 4 min4Two Vehicles, One Uninsured Roommate, and a Shared 50/50 Limit
The Okonkwos insure a 2019 sedan and a 2016 pickup on one personal auto policy with liability 100/300/50 and UM/UIM 100/300 on each vehicle; no stacking waiver was signed. Their son Emeka, 20, is listed as a driver and attends college 180 miles away, keeping the sedan at school nine months a year but returning most weekends and every summer.
834 words, about 4 min5The Lapsed Subcontractor and the Statutory Employer Question
Apex Builders, a general contractor, subcontracted all roofing to R & L Roofing under a written agreement requiring R & L to carry workers' compensation, name Apex as an additional insured, and waive subrogation. R & L's policy lapsed for nonpayment six weeks before the job; the certificate in Apex's file was seven months old and Apex never verified it.
861 words, about 4 min