In fact, https://ekinsurance.com/insurance-articles/property-and-casualty-insurance-glossary.html professionals and brokers have a whole lot to do with the use of a specific picture toward the general public. Mainly since the insurance agency initiates contact with a potential, decides the possibility’s need for insurance, urges after which implements the suggested strategy. The initial impression is the most lasting. Coupled with the chance for a long-term relationship with the customer, the very first belief becomes that much more crucial.
The California broker represents a business that is packed with specialized information. Public perception will likely be badly hampered by dishonest agents. The insurance professional has two fundamental ethical obligations to the general public:
* To inform the General Public about insurance together with the utmost, maximum degree of professional ethics; and
* To strive for the maximum degree of professionalism in all public connections so as to make and maintain a powerful positive image of this business.
We’ll concentrate on the aforementioned responsibilities and take a look at a number of ethical practices, which have tarnished the business. We’ll also talk property and casualty insurance, and also the way it is promoted to the general public.
California Property and Casualty Insurance Coverage
California Property and casualty insurance is generally categorized by numerous significant lines: fire and allied lines, marine, casualty, multiple line insurance and fidelity and surety bonds. California Property insurance, such as fire or homeowners coverages, covers the loss or damage to property or personal property from fire, light or other insured perils. California Marine insurance (also referred to as transport insurance) covers goods in transit from pure dangers associated with transport, whether these goods are sent over property (inland sea) or water (sea marine).
A broad area of insurance known as casualty insurance encompasses virtually everything not covered by fire or marine insurance: automobile insurance, general liability, theft and vandalism, employee’s reimbursement, glass policy as well as other miscellaneous lines