In 2012, the Academy of Insurance made available
four skills tests; one of these tests focused on personal lines coverages and rules. The personal lines test is the most taken among the four.
Five Homeowners topics stumped our test takers more than any other: - Who is eligible for a Homeowners Policy;
- Who qualifies as an insured in the Homeowners forms;
- How do the various Homeowners Coverage Forms compare;
- What are the various "special limits" of coverage in each coverage form; and
- How can replacement cost be "guaranteed?"
Five webinars are now available detailing each of these topics. You can be much better prepared to:
- analyze your homeowner insured's exposures;
- fill coverage gaps;
- and better protect your clients from financial catastrophe.
These five webinars are shorter than our traditional webinars because each covers one topic. Download only the class you need, or all five as a package. You get to design the program you want.
Purchase any of these individually or
get the entire package.
Just who or what does qualify for one of the six Homeowners coverage forms? The main key is occupancy, the other key is what is being occupied.
This webinar walks the student through the question of Homeowner Policy eligibility. We discuss:
- The six eligibilities for coverage under the HO-2, HO-3, HO-5 and HO-8;
- The four eligibility requirements for the HO-4; and
- The two eligibility requirements for coverage under and HO-6.
This class is 12 minutes.
Download today for $19 How does the HO-2 Broad Form differ from the HO-3 Special Form? How does the HO-3 differ from the HO-5 Comprehensive Form? And how to all the forms differ from the HO-8 Modified Coverage Form?
Beyond differences, what do each of the six forms have in common? What can be changed in the standard forms to improve coverage or protection? What are the "Key Values" in each form, and how do they affect other property coverages provided by the forms? In this webinar we:
- Introduce the six standard ISO Homeowners coverage forms;
- Review the causes of loss covered by each form for real and personal property;
- Review the loss valuation methods used by each form;
- Discuss the "Key Values" and other coverage grants; and
- Introduce the endorsements that alter various cause of loss and valuation methods in the forms.
This class is 25 minutes.
Download today for $27 There are four "levels" of "insured" status in the Homeowners Policy, and the breadth of protection narrows as an individual moves from one level to another. The four levels are:
- Named insureds;
- Automatic insureds;
- Extended insureds; and
- Additional insureds.
Two of the questions answered by this class are: Who falls into each "level?" and When is protection granted to an "insured" within the specified "level?"
This class also details:
- Who is "You" in the policy and how much coverage do they have;
- What constitutes a "resident relative;"
- Who can be added to the Homeowners Policy as an Additional Insured, the list may surprise you.
This class is 15 minutes.
Download today for $21 The Homeowners Policy lists specific types of personal property and places a specific limit of coverage of such property - usually low compared to the actual exposure the insured has. Additionally, these "special limits" are WITHIN the Coverage C (personal property) limit not in addition to the limit. Such limitation can create an E&O trap for the agent.
However, these limits can be increased - well, most of them can. This class:
- Details the special limits found in the Homeowners Policy;
- Explains how the limits can be increased; and
- Lists the special limits that cannot be increased.
This class is 10 minutes.
Download today for $14 Two endorsements are available to "guarantee" replacement cost protection to the insured following a loss, the:
- HO 04 11 - Additional Limits of Liability for Coverages A, B, C, and D
- HO 04 20 - Specified Additional Amount of Insurance for Coverage A Dwelling
Although both forms provide some "guarantee" towards full replacement cost protection, they differ in how they affect the policies to which they are attached. This class:
- Details both endorsements;
- Describes how each affects coverage; and
- Explains what the insured must do to qualify for coverage under both endorsements.
This class is 10 minutes.
Download today for $14 
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