Episode Details

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The crucial difference in the burden of proof between named peril and open peril policies. - How to calculate Actual Cash Value (ACV) by subtracting depreciation from replacement cost. - To distinguish between liability coverage, which requires fault, and medical payments, which does not. - That property insurance is first-party coverage for your assets, while casualty is third-party coverage for your liability. - Why common exclusions like flood and business use are frequent and critical exam topics. For more free exam prep tools, practice questions, and AI-powered explanations, visit https://open-exam-prep.com/ or YouTube Channel: https://www.youtube.com/@Open-exam-prep