Insuring Personal
Residential Property
RESOURCES
This Study Guide has been prepared to enhance your learning experience. It contains all of the Check-In questions, Knowledge Checks, and Self-Quizzes contained within the course, along with an Answer Key and Glossary. Use it as a tool to help practice and assess your knowledge of the course material, but do not mistake it for a comprehensive “short-cut” to preparing for the final exam.
Be sure to take a look at the Appendix that follows the Answer Key in this Study Guide. It contains valuable suggestions for test preparation and study techniques, as well as some sample exam questions and a glossary of terms.
Your path to success in passing the final exam will come from your attentiveness during the course and the effort you put into preparation.
Study Set
Use this study set to review digital flashcards and play interactive vocabulary games for the insurance & risk management terms found in the glossary of this course!
Review Game
Use this trivia-style review game to test your knowledge prior to taking the final exam for this course!
Section 1 – Insuring Personal Residential Property
What is a Dwelling?
The video below details common ways the term “Dwelling” is used in insurance.
Coverage Part C
The video below details what may be considered Personal Property in the Homeowners Policy and property classes that are excluded from coverage.
Dwelling Policy Forms
The video below outlines the three Dwelling Property Forms and their basic differences.
Homeowners Eligibility and Occupancies
The video below details the types of residential dwellings and the occupancies which are eligible for a Homeowners Policy.
Ownership Arrangements
The video outlines the various ownerships which are eligible for a Homeowners Policy.
Homeowners Policy Forms
The video below outlines the seven Homeowners Forms and their basic differences.
Broad Named Perils
The video below explains the meaning of “broad named perils.”
Section 2 – The Homeowners Policy Structure and Definitions
The Declarations
The video below takes a tour of important information found on the Homeowners Declarations Page.
Homeowner Policy Definitions
The video below explains the purpose of defined terminology in the Homeowners Policy.
Section 3 – The Homeowners Policy Section I – Property Coverages
Coverage A – Dwelling
The video below discusses Coverage A – Dwelling and assessing a proper coverage limit.
Other Structures
The video below discusses what is considered an Other Structure and the limit for Coverage B – Other Structures.
Limits on Property (Special Limits)
The video below details coverage sublimits for certain classes of Personal Property under the Homeowners Policy.
Property Not Covered
The video below explains which classes of Personal Property will not be covered under the Homeowners Policy.
Loss of Use
The video below explains the importance and use of Coverage D – Loss Of Use.
Perils Insured Against
The video below summarizes the differences between named perils and open perils.
Coverage A and B, What's Not Covered
Not all coverage exclusions are found in the Exclusions section of the Homeowners Policy. The video below walks through some coverage exclusions found in Section I – Perils Insured Against for Coverage A – Dwelling and Coverage B – Other Structures.
Coverage C – Perils Insured Against
The video below summarizes the sixteen (16) named perils provided for Coverage C – Personal Property.
Reasons for Exclusions
The video below explores common reasons for property exclusions found in Section I – Exclusions of the Homeowners Policy.
Section I – Exclusions, Part B
The video below summarizes exclusions for Weather, Acts or Decisions, and Faulty Planning found in Section I – Exclusions, Part B.
Loss Settlement
The video below explains the Section I – Condition, Loss Settlement, and the penalty clause for covered buildings that are not insured to replacement value.
Section 4 – The Homeowners Policy Section II – Liability Coverages
Section II – Liability Coverages
The video below explains the importance and benefit of Section II – Liability Coverages to the policyholder of a Homeowners Policy.
Section II – Exclusions: MV, Golf Carts, Rec Vehicles
The video below summarizes important details of the “Motor Vehicle Liability” exclusion in Section II – Exclusions.
Exclusions That Apply to Coverages E and F
The video below explores common reasons for liability exclusions found in Section II – Exclusions of the Homeowners Policy.
Additional Resources
Remote Work Roundtable: How We Became Virtual Insurance Agencies
Tune in as Steve Anderson (President, The Anderson Network) talks to insurance and risk management professionals about the industry’s swift transformation to virtual agencies and remote
Podcast: Best Practices for Working From Home with Anson Thompson, CIC, CRM
In this COVID-19 Conversation, host Mitch Dunford, Chief Academic Officer at The National Alliance, interviews Anson Thompson, CIC, CRM, and co-owner of The Thompson Group.
Podcast: Remote Working Technologies for Insurance Professionals
Insurance professionals must learn to navigate changes that have occurred almost overnight as a result of COVID-19 restrictions and conditions. In this new episode of
