Policies, coverage and settlement

Policies, coverage and settlement

Bachelor of Business Studies (BBS) — Fourth Year

Subject: Insurance and Risk Management (FIN 254)

Unit 7: Homeowners Insurance

Academic Year: 2083/84

Topic Objectives

After studying this topic, students should be able to:

• Explain the scope and key elements of policies, coverage and settlement.
• Apply the relevant financial concepts or calculations and explain their assumptions, risks and analytical limits.

Curriculum Scope

• Types of policies
• Major coverage
• Property loss settlement

Detailed Microsyllabus

1. Property policies

   1. Identify policy types and major coverage.
   2. Insured property and relevant perils.
   3. Read exclusions and conditions.

2. Settlement

   1. Assess loss using prescribed valuation terms.
   2. Apply supplied deductibles and limits.
   3. Explain the resulting settlement and assumptions.

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Curriculum reference: Tribhuvan University, Faculty of Management, revised four-year BBS curriculum, PDF pages 92–96.

Source note: The curriculum scope above is retained from the existing TU syllabus breakdown. The numbered study subtopics are editorial elaborations for teaching and study, rather than a separately issued TU syllabus. Unit or component allocations apply at their stated level; no separate topic hours or marks are assigned here. Examples involving current laws, rates, institutional products or Nepalese status must identify the relevant period and official materials; no changing numerical or legal requirements are invented here.