IRMI on Homeowners: Liability Coverages -- CLEQ

Course Description
This course, “Liability Coverages,” is one of a three-course series focusing primarily on the 2000 edition of the Insurance Services Office, Inc. (ISO) Homeowners 3 Special Form (HO 3), since this is one of the most commonly-used forms. Although many insurers use their own homeowners forms, most of these are patterned closely to the ISO forms because the ISO language is court tested, rates are easier to develop, and state approval processes are quickened. This course addresses Section II, which covers many of the personal liability loss exposures. The two main areas—personal liability and medical payments to others—are addressed in detail. The objectives for this course include an understanding of the following.

  1. The basis of legal liability and the way in which homeowners insurance functions to protect insureds from the financial consequences of that liability.
  2. The concepts of bodily injury, property damage, occurrence, and damages.
  3. Differentiation between personal liability and medical payments to others coverages.
  4. All of the various personal liability and medical payments exclusions.
  5. Additional liability coverages, such as claim expenses and damage to property of others.
  6. The 10 conditions applicable to liability coverage.

International Risk Management Institute, Inc. (IRMI) is the premier provider of risk and insurance continuing education and reference publications, and is considered the ultimate authority by leading insurance practitioners. Written by industry experts, IRMI courses provide the most up-to-date, practical and reliable information possible.

Find Courses Now