Most eligible residential dwellings are insured under some type of homeowners policy that combines property and liability insurance into a single policy. The advantages to buying this package policy include lower premium costs, fewer coverage gaps, and the convenience of having coverage with one insurer and one agent.  This course focuses on the coverages provided under typical homeowners policies and how the policies can be modified to meet specific insured needs.

Upon completion, students will be able to:

• distinguish among the six current homeowners forms
• explain the basic coverages that apply to the dwelling, other structures, personal property, and loss of use, using the HO 3 form as a benchmark
• identify covered and excluded perils for each of the four basic property coverages and the basis for liability coverage provided
• describe the most common ways in which homeowners policies may be modified by standard endorsements and explain the effect of those endorsements

Property and casualty insurance agents, brokers, and adjusters at any level in their career