Personal Lines insurance (EXAM PREP)

Master your Personal Lines exam with this concise 12-minute video featuring 100 key vocab terms!

00:00:00 - Intro
00:00:07 - Premium
00:00:12 - Deductible
00:00:18 - Liability Coverage
00:00:25 - Personal Property
00:00:32 - Endorsement
00:00:38 - Exclusion
00:00:44 - Claim
00:00:50 - Underwriting
00:00:57 - Coverage Limit
00:01:03 - Peril
00:01:11 - Policyholder
00:01:17 - Renewal
00:01:23 - Rider
00:01:28 - Actual Cash Value
00:01:35 - Replacement Cost
00:01:43 - Insurable Interest
00:01:53 - Binder
00:02:00 - Subrogation
00:02:08 - Co-insurance
00:02:17 - Named Insured
00:02:25 - Additional Insured
00:02:34 - Loss of Use
00:02:42 - Personal Liability
00:02:53 - Medical Payments Coverage
00:03:02 - Umbrella Policy
00:03:09 - Named Peril Policy
00:03:18 - Open Peril Policy
00:03:26 - Appraisal
00:03:31 - Adjuster
00:03:39 - Depreciation
00:03:46 - Grace Period
00:03:55 - Indemnity
00:04:03 - Lapse
00:04:09 - Mortgagee
00:04:17 - Non-Renewal
00:04:24 - Occurrence
00:04:30 - Overinsurance
00:04:36 - Personal Articles Floater
00:04:45 - Pro-rata Cancellation
00:04:52 - Reinstatement
00:04:58 - Short-rate Cancellation
00:05:07 - Total Loss
00:05:14 - Underinsured
00:05:21 - Uninsured Motorist Coverage
00:05:30 - Waiver
00:05:35 - Water Backup Coverage
00:05:42 - Actual Loss Sustained
00:05:50 - Aggregate Limit
00:05:58 - Arbitration
00:06:05 - Assured
00:06:10 - Cancellation
00:06:16 - Casualty Insurance
00:06:24 - Catastrophe
00:06:31 - Concurrent Causation
00:06:39 - Contingent Liability
00:06:45 - Direct Loss
00:06:53 - Earthquake Insurance
00:07:01 - Effective Date
00:07:07 - Excess Liability
00:07:14 - Expiry Date
00:07:19 - Flood Insurance
00:07:26 - Hazard
00:07:32 - Inception Date
00:07:38 - Insured
00:07:44 - Joint and Several Liability
00:07:53 - Liability Limits
00:07:59 - Loss Payee
00:08:08 - Material Misrepresentation
00:08:17 - Negligence
00:08:26 - Non-Admitted Insurer
00:08:37 - Peril-Specific Policy
00:08:45 - Policy Expiration Date
00:08:52 - Policy Term
00:08:57 - Pre-existing Condition
00:09:05 - Property Damage Liability
00:09:13 - Recovery
00:09:21 - Risk
00:09:26 - Scheduled Property
00:09:36 - Self-Insurance
00:09:43 - Settlement
00:09:50 - Surplus Lines
00:09:58 - Third-Party Liability
00:10:07 - Underwriter
00:10:15 - Unearned Premium
00:10:25 - Valued Policy
00:10:35 - Vandalism
00:10:40 - Waiver of Subrogation
00:10:51 - Windstorm Insurance
00:11:00 - Workers' Compensation
00:11:08 - Write-Off
00:11:16 - Actuary
00:11:25 - Bad Faith
00:11:33 - Binder Receipt
00:11:41 - Claims Adjuster
00:11:49 - Exposure
00:11:56 - Indirect Loss
00:12:05 - Insured Value
00:12:14 - Loss Ratio
00:12:23 - Reinsurance
00:12:31 - Risk Management