Michigan Advanced Thinking About Homeowners Insurance

Focused instruction in homeowners insurance gives licensed professionals a practical review of residential property and liability protection. The material addresses policy forms, eligibility, Section I property coverages, Section II liability coverages, valuation methods, exclusions, endorsements, dwelling policies, FAIR Plans, flood insurance, earthquake insurance, cancellation and nonrenewal issues, replacement cost concerns, toxic mold, dog liability, and premium trends. It also connects coverage provisions to common policyholder questions and real-world residential risk scenarios.

The course is directly relevant to insurance topics and insurance products because homeowners insurance is a core property and casualty product involving risk selection, underwriting classification, policy limits, coverage restrictions, endorsements, and claims handling. It contributes to the professional and technical competence of licensed insurance professionals by strengthening their ability to explain coverage forms, identify coverage gaps, evaluate residential exposures, discuss exclusions and limitations, recommend appropriate endorsements or separate policies, and respond accurately to policyholder concerns in the licensed capacity of advising, servicing, underwriting, or handling homeowners insurance accounts.

The topics include:

• Introduction to Homeowners Insurance
• Underwriting and Pricing Homeowners Insurance
• FAIR Plans
• Flood Insurance
• Earthquake Insurance
• Issues in Homeowners Insurance Today