Property Insurance

Purpose of Training
Property insurance safeguards that, in the event of a damage, the client will receive adequate compensation in order to recover from his loss. However, this is not always the case. The purpose of the program is to train the participants well enough to know all the angles of property insurance.
Training Objectives
  • Enlarge their knowledge of the property insurance product
  • Interpret the terms and exclusions of the policy correctly
  • Become more prudent while concluding an insurance contract
  • Upgrade good customer service skills
  • Develop risk assessment skills
  • Adopt a more friendly approach to the decisions of the underwriting and claims departments
Target Audience
Primarily insurance intermediaries, insurance company personnel and lawyers. People outside the insurance industry may also attend if they are directly or indirectly involved with general insurance.

The trainees will be examined at the end and during the program in order to receive the Certificate for CPD purposes.

Trainer: Christos Voniatis
Duration: 6 Hours

Programme Content

Section 1 – Introduction
  • Acquaintance with participants
  • Route of the program
  • Brief history and statistics
    Section 2 – The Fire Insurance Policy
    • Basic and additional covers
    • Express terms, warranties and implied terms
    • Exclusions and endorsements
    Section 3 – Property Insurance Packages
    • Home insurance
    • Commercial risks insurance
    • Other specialized insurance policies
    Section 4 – The Property Statute Law
    • Obligatory commonhold property insurance
    • Practical difficulties in law implementation
    Section 5 – The Conclusion of an Insurance Contract
    • Completing the Proposal Form and issuing the cover-note
    • Other deeds: modification, renewal and cancellation
    • Complications with the Assignee Mortgagee Clause
    Section 6 – Internal Procedures
    • Underwriting procedure
    • Undesirable and rejected risks
    • Claims handling
    Section 7 – Feedback
    • Conclusions
    • Test
    • Evaluation of the training program