Insurance Product Knowledge
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Insurance Product Knowledge
This course is part of Liberty Mutual Insurance Sales Agent Professional Certificate
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What you'll learn
Gain in-depth knowledge of a wide range of insurance products, including personal, commercial, and specialized insurance segments.
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There are 4 modules in this course
Insurance Product Knowledge provides comprehensive training on a broad range of insurance products, encompassing personal, commercial, and specialized coverage.
You will begin with an exploration of personal auto and property insurance, gaining expertise in homeowners, renters, condominium, and landlord policies. The course advances to commercial lines insurance, detailing critical aspects, including commercial general liability, property, auto, and workers' compensation. The course then delves into the realm of specialty lines, highlighting both personal and commercial specialty insurance products like motorcycle, watercraft, farm, umbrella and their unique features and characteristics. Each module is designed to develop a thorough understanding of insurance policies, coverages, endorsements, and the diverse needs of clients. By the end of the course, you will be well-equipped to navigate and explain various insurance products confidently and proficiently.
During this module you will explore the fascinating world of personal auto insurance and equip yourself with the knowledge to become an expert. By the end of the module, you will be able to confidently understand the different features of a personal auto policy, including all the important coverages. You will also dive into the purpose of personal auto endorsements, giving you a comprehensive understanding of their significance. Get ready to become an auto insurance pro and embark on an engaging learning experience!
What's included
3 videos5 readings6 assignments1 discussion prompt10 plugins
3 videos•Total 7 minutes
- Insurance Product Knowledge Course Introduction•2 minutes
- Auto Declaration Page Overview•2 minutes
- Auto Endorsements Overview•2 minutes
5 readings•Total 28 minutes
- Course Disclaimer•1 minute
- Insurance Product Knowledge Course Overview•5 minutes
- Introduction to Personal Insurance: Auto•5 minutes
- Listing the Named Insured and Operators on Auto Policies•10 minutes
- Auto Endorsements•7 minutes
6 assignments•Total 52 minutes
- Module Quiz: Personal Lines Insurance Auto•20 minutes
- Lesson Quiz: Introduction to Personal Insurance: Auto•5 minutes
- Lesson Quiz: Auto Liability•10 minutes
- Lesson Quiz: Medical Payments, Personal Injury Protection, and Uninsured Motorist•7 minutes
- Lesson Quiz: Physical Damage Coverage•5 minutes
- Lesson Quiz: Auto Duties After Loss & General Provisions•5 minutes
1 discussion prompt•Total 15 minutes
- Reflect on Your Own Experience with Insurance•15 minutes
10 plugins•Total 122 minutes
- The Auto Claims Process•7 minutes
- Identify the Named Insured on the Auto Policy•10 minutes
- Auto Coverage - Part A - Liability Coverage•15 minutes
- Determining Appropriate Coverage - Auto•15 minutes
- Auto Coverage - Part B - Medical Payments Coverage•10 minutes
- Auto Coverage - Personal Injury Protection Coverage•10 minutes
- Auto Coverage – Part C – Uninsured Motorist•15 minutes
- Auto Coverage - Part D - Physical Damage Coverage•15 minutes
- Auto Coverage - Parts E and F - Duties After Loss & General Provisions•10 minutes
- Activity: Explaining Auto Coverage in Everyday Language•15 minutes
During this module you will explore the fascinating world of personal homeowners insurance and equip yourself with the knowledge to become an expert. By the end of the module, you will be able to confidently understand the different features of a personal homeowners policy, including all the important coverages. You will also dive into the purpose of personal homeowner endorsements, giving you a comprehensive understanding of their significance. Get ready to become a homeowners insurance pro and embark on an engaging learning experience!
What's included
8 videos11 readings8 assignments10 plugins
8 videos•Total 17 minutes
- Property Declaration Page Overview•2 minutes
- Property Deductibles•2 minutes
- Dwelling Features•3 minutes
- Understanding Home Valuation•2 minutes
- Scheduling Personal Property / Inland Marine•2 minutes
- What is Renters Insurance (HO-4) and Who Needs It?•3 minutes
- What Makes Condo Insurance (HO-6) Different?•2 minutes
- How to Determine the Coverage Limit Needed for a Condo Policy•1 minute
11 readings•Total 102 minutes
- Course Disclaimer•1 minute
- Introduction to Personal Insurance: Property•5 minutes
- Listing the Named Insured on Home Policies•15 minutes
- The Difference Between Replacement Cost, Actual Cash Value, and Market Value•10 minutes
- Scheduling Personal Property / Inland Marine•10 minutes
- Property Endorsements•15 minutes
- Renters Insurance Coverages•10 minutes
- Comparison of a Condo Policy and a Homeowner Policy•6 minutes
- Condo Insurance Coverages•10 minutes
- Introduction to Landlord Insurance•10 minutes
- Other Property Policies (Seasonal, Vacant, Modular Home, Manufactured Home, and Mobile Home)•10 minutes
8 assignments•Total 57 minutes
- Module Quiz: Personal Lines Insurance: Property•20 minutes
- Lesson Quiz: Introduction to Personal Insurance: Property•5 minutes
- Lesson Quiz: Dwelling and Other Structures Coverage•5 minutes
- Lesson Quiz: Personal Property Coverage•5 minutes
- Lesson Quiz: Loss of Use•5 minutes
- Lesson Quiz: Exclusions and Endorsements•5 minutes
- Lesson Quiz: Renters, Condo, Landlord, and Other Property Policies•5 minutes
- Activity: Match the Customer to the Right Property Policy•7 minutes
10 plugins•Total 105 minutes
- Homeowner Forms and Perils•10 minutes
- The Property Claims Process•5 minutes
- Identify the Named Insured on the Home Policy•15 minutes
- Property Coverages A & B: Dwelling & Other Structures•10 minutes
- Property Coverage C - Personal Property•10 minutes
- Property Coverage D: Loss of Use•10 minutes
- Property Exclusions•10 minutes
- Property: Coverage E - Personal Liability and Coverage F - Medical Payments to Others•10 minutes
- Liability Coverage Review•10 minutes
- Activity: Explaining Property Coverages in Everyday Language•15 minutes
During this module you’ll explore the dynamic world of commercial insurance and equip yourself with the knowledge to navigate this specialized field. You'll discover the key aspects of commercial insurance and gain a solid understanding of how it differs from personal insurance. By delving into its unique characteristics and requirements, you'll develop a comprehensive perspective. Furthermore, you'll recognize various commercial insurance products and become proficient in explaining their features and characteristics. From general liability to property insurance, we'll explore a wide range of offerings, empowering you to understand the diverse needs of businesses. Join us on this enlightening journey as we unravel the complexities of commercial insurance!
What's included
23 videos13 readings10 assignments1 plugin
23 videos•Total 73 minutes
- Introduction to Commercial Insurance•2 minutes
- Examples of Commercial Insurance in Everyday Life•2 minutes
- Different Types of Businesses that Need Insurance•2 minutes
- Types of Commercial Lines Policies•9 minutes
- Commercial Lines Claims Process•3 minutes
- Factors that Influence Insurance Needs of Businesses•4 minutes
- Underwriting Guidelines•2 minutes
- Risk Classification•4 minutes
- The Role of an Underwriter•2 minutes
- Pre-Packaged Policies for Commercial Insurance•2 minutes
- Monoline Policies for Commercial Insurance•2 minutes
- Building and Personal Property Coverage Form•5 minutes
- Business Income and Extra Expense Coverage Form•2 minutes
- Commercial Property Cause of Loss Forms•2 minutes
- Commercial Property Conditions•3 minutes
- Commercial Liability Section I: Coverages•3 minutes
- Commercial Liability Section II: Who is an Insured•4 minutes
- Commercial Liability Section III: Limits•3 minutes
- Business Auto Part 1: Symbols and Insuring Agreement•4 minutes
- Business Auto Part 2: Physical Damage•3 minutes
- Workers' Compensation Insurance Overview•3 minutes
- Workers' Compensation Part 1: Workers Compensation•5 minutes
- Workers' Compensation Part 2: Employers Liability•2 minutes
13 readings•Total 92 minutes
- Course Disclaimer•1 minute
- Differences Between Personal and Commercial Insurance•10 minutes
- Examples of Businesses and Their Exposures•15 minutes
- Safety and Risk Management Practices•10 minutes
- Comparison of Business Owner Policies (BOP) and Commercial Package Policies (CPP)•7 minutes
- Commercial Property Additional Coverages and Extensions•5 minutes
- Commercial Property Optional Coverages and Endorsements•5 minutes
- Commercial Liability Section IV: Conditions and Section V: Definitions•7 minutes
- Business Auto Part 2: Extensions, Endorsements, and Exclusions•10 minutes
- Business Auto Insurance Examples•5 minutes
- Workers' Compensation Examples•5 minutes
- Workers' Compensation Policy Parts•7 minutes
- Workers' Compensation Parts 3-6•5 minutes
10 assignments•Total 79 minutes
- Module Quiz: Commercial Insurance•20 minutes
- Lesson Quiz: Introduction to Commercial insurance•5 minutes
- Lesson Quiz: Understanding Insurance Needs for Businesses•5 minutes
- Lesson Quiz: Underwriting & Pricing Commercial Insurance•5 minutes
- Lesson Quiz: Pre-Packaged vs. Monoline Policies for Commercial Insurance•5 minutes
- Activity: Commercial Property Insurance - What Coverage Do I Need?•15 minutes
- Lesson Quiz: Commercial Property Insurance•7 minutes
- Lesson Quiz: Commercial General Liability Insurance•7 minutes
- Lesson Quiz: Commercial Auto Insurance•5 minutes
- Lesson Quiz: Workers Compensation•5 minutes
1 plugin•Total 10 minutes
- Business Exposures•10 minutes
During this module you’ll explore the fascinating world of specialty insurance products and develop the ability to recognize and explain their unique features and characteristics. Throughout this program, you will gain insight into personal insurance specialty products and understand their distinct qualities. We will also focus on commercial insurance specialty products, equipping you with the knowledge to identify and articulate their important features. Join us on this exciting journey as we unlock the complexities of specialty lines insurance!
What's included
17 videos11 readings10 assignments1 peer review
17 videos•Total 44 minutes
- Why Some Products are Considered Specialty Lines•2 minutes
- Motorcycle Insurance•3 minutes
- Antique and Classic Car Insurance•3 minutes
- ATV, Off-Road Vehicle, Snowmobile, and Golf Cart Insurance•3 minutes
- Recreational Vehicle Insurance•2 minutes
- Watercraft Insurance•3 minutes
- Activity: Insuring Specialty Vehicles•2 minutes
- High-Value Home Insurance•3 minutes
- Flood Insurance•4 minutes
- Earthquake Insurance•2 minutes
- What is Personal Umbrella Insurance?•2 minutes
- Commercial Inland Marine Insurance Overview•2 minutes
- Farm Insurance Overview•2 minutes
- What is Cyber Insurance and Who Needs It?•3 minutes
- Employment Practices Liability Overview•2 minutes
- Professional Liability Insurance Basics•2 minutes
- Directors and Officers Liability Insurance Overview•3 minutes
11 readings•Total 98 minutes
- Course Disclaimer•1 minute
- The Value of Specialty Insurance•10 minutes
- Personal Lines Specialty Products•10 minutes
- Modular, Manufactured, and Mobile Homes•7 minutes
- Understanding Umbrella Insurance•15 minutes
- Commercial Lines Specialty Products•10 minutes
- Commercial Inland Marine - Classes of Business and Examples•10 minutes
- Farm Risks•10 minutes
- What is Commercial Umbrella Insurance?•10 minutes
- A Comparison of Personal Umbrella and Commercial Umbrella Insurance•10 minutes
- Examples of Cyber Insurance Claims•5 minutes
10 assignments•Total 85 minutes
- Module Quiz: Specialty Insurance•20 minutes
- Lesson Quiz: Personal Insurance: Specialty Vehicles and Watercraft•5 minutes
- Lesson Quiz: Personal Insurance: Specialty Property•5 minutes
- Lesson Quiz: Personal Insurance: Umbrella•5 minutes
- Inland Marine Case Study Analysis•15 minutes
- Lesson Quiz: Commercial Inland Marine•5 minutes
- Lesson Quiz: Commercial Insurance: Cyber•5 minutes
- Lesson Quiz: Commercial Insurance: Employment Practices Liability•5 minutes
- Lesson Quiz: Commercial Insurance: Professional Liability and Management Liability•5 minutes
- Activity: Commercial Liability Insurance - What Coverage Do I Need?•15 minutes
1 peer review•Total 60 minutes
- Insurance Product Knowledge•60 minutes
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