Homeowners’ Insurance Policy

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Why you need this course:
Homeowners forms aren’t all the same—some insurers draft their own forms, variations in state-by-state forms are common, and endorsements may modify policies to meet the specific needs of a policyholder. Understanding how to examine policy forms and endorsements to determine whether coverage applies to a claim increases your effectiveness. Knowing what forms and endorsements are appropriate for your customers is essential to providing them with the coverage they need.

Upon successful completion of all three modules in this course, you should be able to:

  • Compare the coverage provided by each of the following homeowners policies to the coverage provided by the HO-3 policy:
    • HO-2 Broad Form
    • HO-5 Comprehensive Form
    • HO-4 Contents Broad Form
    • HO-6 Unit-Owners Form
    • HO-8 Modified Coverage Form

  • Summarize the coverages provided by various ISO homeowners policy endorsements

  • Given a case describing a homeowners claim, determine whether an HO-3 Policy (endorsed or unendorsed) would cover the claim, and if so, the amount the insurer would pay for the claim

We recommend that you study the modules in the order presented in the course.

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