Underwriting Property Exposures

1
Underwriting Property Exposures

• RMI 4700
• Insurance Operations
• Robert Klein

Revised 2-2-08
2
COPE Model

• Construction
• Occupancy
• Protection
• External Loss Exposures

3
Construction

• Construction Classes (ISO)
• Class 6 Fire-Resistant
• Class 5 Modified Fire-Resistant
• Class 4 Masonry Non-Combustible
• Class 3 Noncombustible
• Class 2 Jointed Masonry
• Class 1 Frame
• Homeowners
• frame
• masonry
• fire resistant

4
Occupancy

• Categories
• habitational
• office
• institutional
• mercantile
• service
• manufacturing
• Contents
• Hazards
• housekeeping practices
• heating equipment
• electrical equipment
• smoking

5
Protection

• Public Protection
• fire services (10 classes)
• Private Protection
• Prevention
• Detection (e.g., alarm systems)
• Suppression (e.g., sprinkler systems)

6
External Loss Exposures

• Risk created by adjacent/nearby hazards
• Single-Occupancy Exposures
• Exposing Buildings
• Other Loss Exposures
• Multiple-Occupancy Exposures

7
Homeowners Special Considerations

• Type of Construction
• Roof Materials (e.g., wood shingle)
• Hazard Mitigation
• Wind storm shutters, roof clips, shape
• Earthquake reinforced walls
• Location
• Fire Police Services
• Special Hazards
• swimming pool, dogs, etc.
• Home Business