IS-1111: Introduction to Commercial Claims

This study guide includes all correct answers for IS-1111: Introduction to Commercial Claims

Course Overview

This course provides an introduction to Commercial Claims. It covers small and large commercial claims, certification requirements and adjuster authority, the General Property Form, NFIP documentation requirements, and adjustment standards and requirements. Then case studies are used for the students to apply the information discussed.

Course Objectives:

At the end of this course, you will be able to: Understand the difference between a small commercial claim and a large commercial claim Recognize the certification requirements and knowledge base required for commercial claims adjusters with emphasis on adjuster authority to make recommendations Discuss the coverage provided by the General Property Form Explain NFIP documentation requirements Understand the adjustment standards and requirements involved in commercial claims Apply key learning's to case studies involving policy limits and estimating the reserve

Primary Audience

Insurance Agents, Adjustors, Floodplain Managers, Building Code Officials, Local Government Officials and Property Owners.

Prerequisites

Recommended Prerequisites

This course covers a specialized claims topic. We recommend that you complete the following basic NFIP courses before taking this course or the Understanding Basement Coverage (IS-1109) course: Introduction to Flood Claims (IS-1112) Adjuster Customer Service (IS-1107) NFIP Claims Review for Adjusters (IS-1104)