A series of 5 new Homeowners Insurance Policy courses designed for insurance agents and adjusters has been launched by ILS. These online insurance training courses, each good for one continuing education credit hour, are accredited in BC, Alberta, Manitoba, and Saskatchewan.
While modern home insurance is seen as an essential part of a typical Canadian family’s insurance coverage, that hasn’t always been case.
Up until the mid-1960s, homeowners rarely purchased the insurance coverages we take for granted today. In fact, many homeowners purchased coverage only for their dwelling, believing their belongings had little value. Also, as no one expected to be sued, many homeowners resisted all efforts to sell them personal liability insurance. The Homeowners Forms of the 1970s helped to solve the problems of inadequate coverages and limits. These forms included all three coverages and more. However, insurers still had a problem: people were under-valuing their homes. This problem took many years to solve and it was not until the 1980s that valuation guides were required to be completed for all new applications for a homeowners policy.
The five-part series, written by Steve Hawrishok, includes courses covering:
1. Property Coverages Agreements & Definitions
2. Property Coverages A-D
3. Extensions of Coverage
4. Insured Perils & Exclusions
5. Basis of Claim Payment & Other Terms
All five courses are now included in the general and adjuster continuing education course catalogues at no extra charge to ILS subscribers. They can also be purchased individually.
Go online at www.ilscorp.com or call us a 1-800-404-2211 to join the more than 23,000 other Canadian insurance professionals who are learning with ILScorp every year.
