$24.00 + your state filing fee
12 Credit Hours
This course favors P&C insurance agents but is applied as general credit for all agents. It fulfills the ethics and flood requirements.
This course covers the following topics:
- Various types of personal property and casualty insurance such as:
- A discussion on the most commonly purchased insurance policy on the market today: the insurance policy as well as a discussion on mobile home insurance.
- An examination and comparison of the three fire policies available to homeowners, and a discussion of flood risk and why flood insurance is so important.
- A look at personal auto insurance as well as personal umbrella insurance
- A discussion on ethics to help insurance agents best serve their clients
This course is designed to walk you through the various types of personal property and casualty insurance. It begins with a discussion on the most commonly purchased insurance policy on the market today: the homeowners’ insurance policy. These chapters will use a case study family to discuss the various insurance policies available to homeowners and the particular situations that arise for them during the course of their activities on the insured premises. Next, the course will discuss mobile home insurance, which has some similarities to traditional homeowners insurance, but also has several distinct characteristics, since mobile homes and manufactured homes present unique challenges from an insurance perspective. These chapters will discuss the specific coverages and exclusions for these types of homeowners. Regardless of the type of home an owner has, it can still suffer from the effects of a fire. The fire insurance chapters will discuss and compare the three fire policies available to homeowners, to aid in the understanding of the coverages provided through a dwelling fire policy, its use in lieu of a homeowners policy, and the differences between the three types of dwelling fire policies. Many homeowners don’t see the need for flood insurance and worry that it will be too expensive. If a major event does occur, they assume disaster assistance or another government program will help repair or replace their flood-damaged property. Unfortunately, these consumers are uneducated about the risk of flood and are potentially setting themselves up for a very costly loss down the road. The flood insurance chapter will discuss flood risk and why insuring it is so important. The next portion of the course shifts focus to personal auto insurance, which covers private passenger vehicles and provides protection against economic loss to an insured from bodily injury or property damage to others (liability) arising from the operation, maintenance or use of a covered automobile. These chapters will provide insurance agents who sell personal auto insurance the knowledge of the underwriting process that is expected of them as “field underwriters.” Estimates show thousands of people are sued for more than $2,000,000 per year due to losses related to their homes, businesses and automobiles. For this reason, a personal umbrella policy can be an invaluable addition to a client’s insurance portfolio. Personal umbrella insurance is a type of liability coverage that protects the assets and income of a policy owner beyond the limits set on a primary automobile, homeowners or watercraft insurance policy. These chapters will wrap up the insurance portion of the course. The final section of this course on personal property and casualty insurance is a section on ethical practices for insurance agents. While ethics remains a fairly fluid concept, it is of utmost importance to spend time considering it. Insurance agents face difficult ethical questions every day. Finishing the course with a discussion on ethics will help insurance agents best serve their clients.
A: We use a unique system to help you learn the material easily. Our online courses present you with information in large type that is easy to read. We highlight key items in gray and quiz you after each chapter to make sure you are learning critical information. You may review the material as much as you want before taking your required online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.
A: According to the state authority, it is not permissible to print or download any course material or exam questions. However, you are free to access all online courses from our website anytime.
A: The time required to complete an online course varies from student to student, but it roughly approximates the number of credit hours awarded for the course. You must pass an online, multiple-choice exam. Passing the exam proves your proficiency in that subject to your state’s governing authority.