1 Main Policy Wordings Workshop - Module #3 – Endorsements Slide 1 of 12 Policy Wording Workshop Section # 3 Policy Forms, Endorsements & Optional Coverage

2 Main Policy Wordings Workshop - Module #3 – Endorsements Course Objective Familiarize adjusters with various endorsements and provide consistent direction in the settlement of claims. Slide 2 of 12

3 Main Policy Wordings Workshop - Module #3 – Endorsements Methodology Provide case studies and scenarios that will assist the participants in the practical application of the day to day claims situations that they are required to address. Slide 3 of 12

4 Main Policy Wordings Workshop - Module #3 – Endorsements What’s In It For You? You will be able to identify and interpret the various endorsements and exclusions. Slide 4 of 12

5 Main Policy Wordings Workshop - Module #3 – Endorsements Scheduled Articles Form “We insure described articles,except animals, against all risk of direct physical loss or damage,unless specifically restricted,anywhere in the world subject to the terms and conditions of this endorsement.” Slide 6 of 12 Please read the complete form online before attempting to answer the activity questions.

6 Main Policy Wordings Workshop - Module #3 – Endorsements Fine Arts Form “We insure fine arts that are listed on the Declaration page against all risk of direct physical loss or damage subject to the terms and conditions of this form.” Slide 6 of 12 Please read the complete form online before attempting to answer the activity questions.

7 Main Policy Wordings Workshop - Module #3 – Endorsements Boat and Motor Form “We Insure your boat, motors, miscellaneous unattached equipment and trailer as defined below and as listed in the Declarations against all risk of physical damage subject to the terms and conditions of this form.” Slide 7 of 12 Please read the complete form online before attempting to answer the activity questions.

8 Main Policy Wordings Workshop - Module #3 – Endorsements Sewer Backup “If “sewer back up” is shown as an additional coverage for any location,the form insuring that location is extended to insure, at that location, against direct loss or damage caused by the backing up or escape of water from a sewer or drain, sump, septic tank, eaves trough or downspout. All the statutory and additional conditions of the policy also apply to this endorsement.” Slide 8 of 12

9 Main Policy Wordings Workshop - Module #3 – Endorsements Earthquake Damage Extension Form If the words earthquake form appears in the Declarations we provide this coverage at the premises noted. Slide 9 of 12 Please read the complete form online before attempting to answer the activity questions.

10 Main Policy Wordings Workshop - Module #3 – Endorsements By-laws Form “If the words By-laws form appears on the Declarations, the insurance provided by Section 1, Coverage A & B of this policy is extended...” Slide 10 of 12 Please read the complete form online before attempting to answer the activity questions.

11 Main Policy Wordings Workshop - Module #3 – Endorsements Endorsements These were some of the most common endorsements we encounter in our daily claims handling. We will look at some others in the in class session. Slide 11 of 12

12 Main Policy Wordings Workshop - Module #3 – Endorsements The Application Exercises This exercise will familiarize you with the Endorsements that are found in the Policy. Let see how you do. Return to the class web page. Slide 12 of 12