IRMI on Homeowners Insurance (CO)

Course Description
This course provides an introduction to homeowners insurance, focusing on the standard coverage developed for this line by Insurance Services Office, Inc. (ISO). Although it discusses each of the six homeowners forms, the chief focus is on the Homeowners 3 Special Form (HO 3) since this is the most commonly-used form. Explanations of key areas in which these six forms differ are also included. This course looks briefly at the historical development of residential property coverage, including residential package policies and the homeowners forms which first appeared in the 1950s. In addition, eligibility requirements and policy organization and format are reviewed. The majority of this course focuses on the coverages provided by the HO 3 form, including the following.

  • Property coverages, such as the dwelling, other structures, personal property, and loss of use
  • Covered perils for the dwelling, other structures, and personal property
  • General property exclusions
  • Property conditions
  • Liability coverages, including exclusions and conditions
  • Key homeowners endorsements
  • Loss scenarios are used throughout this analysis to facilitate understanding.


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.

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