Other Personal Lines Solutions Learning Guide - January 2024 Edition - Digital PDF

This is the Digital PDF. Upon purchase, you'll receive an email with download instructions.

This learning guide covers Other Personal Lines Solutions, part of the Certified Insurance Service Representative designation program. This learning guide covers five main sections:

·       Business Activities

·       Recreational Lines

·       Personal Umbrella/Excess Liability

·       Personal Lines Catastrophe Coverage

·       Emerging Risks

Section 1: Business Activities

In this section, you will explore how both the ISO Homeowners Policy and the ISO Personal Auto Policy contain coverage gaps related to the “business” activities of personal insurance clients. Once you’ve obtained a solid understanding of “business” activities and potential coverage gaps, you will also explore which ISO coverage endorsement may be useful and learn when a risk or exposure should be referred to a commercial insurance policy

Section 2: Recreational Lines

In this section, you will gain an understanding of the purpose and importance of recommending Recreational Vehicle Policies and Watercraft Policies for personal insurance clients. Certain recreational vehicles and watercraft may indeed be insurable under the ISO Homeowners Policy or maybe even the ISO Automobile Policy, however, it is often best for the client to obtain a specialty policy.

Section 3: Personal Umbrella/Excess Liability

The ISO Homeowners Policy, ISO Personal Auto Policy, and other available personal insurance products do not provide unlimited liability coverage to protect personal insurance clients. Even when maximum liability limits are selected, these limits are often not high enough. In this section, you will come to understand the purpose and benefits of the Personal Umbrella and Excess Liability Policies for personal insurance clients and how these policies both supplement and augment other personal insurance policies.

Section 4: Personal Lines Catastrophe Coverage

In this section, you will gain an understanding of additional coverage solutions that address certain catastrophic losses typically excluded by the Homeowners Policy or Dwelling Fire Policy. These catastrophic risks include flood, wind, wildfire, and earthquake losses. You will learn to assess your personal insurance clients for these catastrophic risks, be able to identify the right coverage solutions, and offer methods for minimizing losses.

Section 5: Emerging Risks

In this section, you will learn about the importance of staying informed of the various ways new or emerging risks develop and evolve for personal lines clients. You will gain the ability to identify new or re-emerging risks, understand when existing coverage options may not be enough, and utilize essential risk management steps to better inform personal insurance consumers of their potential exposures.

This learning guide is the January 2024 edition. If you have signed up for a CISR program through the Risk & Insurance Education Alliance, you will receive the most current learning guide edition with your registration at no additional cost. We recommend utilizing the learning guide that is sent with your course registration. Should you be interested in registering for a course please visit our course schedule.