This module focuses on short-term insurance products designed mainly to protect individuals and households against financial loss.

It covers products such as motor vehicle insurance, household contents cover, homeowners’ or building insurance, personal liability cover, travel insurance, personal accident cover and other personal risk policies.

Learners develop an understanding of how personal risks are assessed, how premiums and excesses work, what may be covered or excluded, and how claims are submitted and evaluated. The module also addresses underwriting, policy conditions, disclosure requirements, renewals, cancellations and the importance of recommending cover that is appropriate for the client’s circumstances.

This module is suitable for people who advise on, sell, service, administer or oversee personal short-term insurance products.