WV Property & Casualty study plan
WV Property & Casualty · Give each week a clear focus.
8 weeks · About 7 hours per week
Insurance Principles and Concepts
Define and distinguish risk, peril, hazard, loss, exposure, and insurable interest using original examples.
Explain indemnity, subrogation, coinsurance, adverse selection, and risk pooling in the context of property and casualty insurance.
Identify the elements of an insurance contract and distinguish representations, warranties, concealment, and material misrepresentation.
Describe the purpose and basic structure of state insurance regulation and the role of the agent/broker in contract formation.
Your checkpoint
Complete a 40-question Domain 1 practice set and score at least 80%, logging every missed concept in a one-page error log.
Property Insurance Basics and Policy Provisions
Label the major sections of a property policy: declarations, insuring agreement, conditions, exclusions, definitions, and endorsements.
Calculate actual cash value, replacement cost, and coinsurance penalties for simple property loss scenarios.
Compare deductibles, limits, valuation methods, and additional coverages across property policy structures.
Explain the mortgagee clause, loss payment conditions, and appraisal/arbitration provisions in property claims.
Your checkpoint
Complete a 50-question Domain 2 practice set and score at least 80%, with a corrected worked example for every coinsurance calculation missed.
Homeowners and Dwelling Policies
Compare the major homeowners forms and dwelling forms by eligibility, perils insured, and valuation approach.
Map Coverages A through F and the major endorsements to the exposures they address.
Apply special limits, exclusions, and conditions to homeowners and dwelling loss scenarios.
Distinguish tenant, condominium unit-owner, and modified-coverage homeowners needs.
Your checkpoint
Build a one-page comparison matrix of homeowners and dwelling forms, then score at least 80% on a 50-question Domain 3 quiz.
Commercial Property and Businessowners Coverage
Identify the major commercial property coverage forms and the causes-of-loss options available with each.
Explain business personal property, business income, extra expense, and the coinsurance/valuation provisions that apply.
Determine businessowners policy eligibility and match common endorsements to commercial property exposures.
Analyze commercial property claim scenarios for coverage gaps, limits, and exclusions.
Your checkpoint
Complete a 50-question Domain 4 practice set and score at least 80%, plus a one-page businessowners eligibility checklist.
Personal and Commercial Automobile Insurance
Break down the personal auto policy into its liability, medical payments, uninsured/underinsured motorist, and physical damage parts.
Apply definitions, exclusions, and conditions to personal auto claim scenarios, including newly acquired and non-owned autos.
Compare personal auto coverage with commercial auto coverage for business use, hired autos, and employer liability.
Explain financial responsibility and compulsory insurance concepts as they affect auto coverage decisions.
Your checkpoint
Complete a 50-question Domain 5 practice set and score at least 80%, plus a one-page personal auto versus commercial auto comparison.
Casualty Insurance and Liability Coverages
Distinguish occurrence and claims-made liability triggers and explain the purpose of retroactive dates and extended reporting periods.
Map commercial general liability coverage parts to premises, products-completed operations, personal and advertising injury, and medical payments exposures.
Compare umbrella/excess liability, professional liability, and employers liability coverages by the gaps they fill.
Apply liability exclusions and conditions to multi-party claim scenarios and identify which policy responds.
Your checkpoint
Complete a 50-question Domain 6 practice set and score at least 80%, plus a one-page liability coverage map linking each coverage to its triggering exposure.
Homeowners and Dwelling Policies & Commercial Property and Businessowners Coverage
Reinforce homeowners and commercial property distinctions through mixed scenario questions.
Integrate property coverage with liability coverage in residential and commercial loss scenarios.
Review the highest-missed items from the Domain 1 through Domain 6 error logs and rewrite each rule in original words.
Complete timed mixed practice sets that include personal and commercial property questions.
Your checkpoint
Score at least 82% on a 100-question mixed Property simulation covering Domains 1 through 4 and 6, with a corrected error log entry for every miss.
Personal and Commercial Automobile Insurance & Casualty Insurance and Liability Coverages
Rehearse auto and liability coverage decisions under timed conditions.
Complete two full-length mixed simulations spanning all six domains and review every incorrect answer.
Consolidate final one-page summary sheets for formulas, coverage triggers, exclusions, and policy comparisons.
Identify and close the last three weak areas using targeted 20-question drills.
Your checkpoint
Score at least 85% on two full-length mixed practice exams and submit a final one-page weak-area closure list.
Milestones
Week 2: Average at least 80% across Domain 1 and Domain 2 practice sets and show a completed coinsurance calculation log.
Week 4: Average at least 80% across Domains 1 through 4 and show completed homeowners/dwelling comparison matrix and businessowners eligibility checklist.
Week 6: Average at least 80% across all six domains, with no single domain below 75%.
Week 8: Score at least 85% on two full-length mixed practice exams and show a final weak-area closure list with every item marked resolved or reviewed.