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This course is Part 1 of 2 (3 hrs each) in this E&O module - As of January 1, 2020, 3 hours of content must be taken to qualify for the 10% E&O premium discount! This course takes a deep dive into the ISO homeowners forms to see how coverage applies for home owners in today’s marketplace. We’ll look at the importance of eligibility requirements and proper wording of the named insured, as well as valuation and knowing how the policy responds to loss in differing situations. We will also look at alternative policy language and how it is used to modify coverage to fit the insurers’ varying risk appetites. Learning Objectives Upon completion of this course, the student should be able to understand HO forms, the eligibility requirements, and how to name the insured on the declarations page of the policy properly; understand and apply key definitions within the policy that can affect coverage and how the policy may respond; understand the difference between covered property and property not covered, the perils for which property is insured, how exclusions apply to shape coverage, and the key conditions that need to be complied with after a loss; and be able to explain coverages under Section II of the policy and how exclusions and conditions work together to provide or exclude coverage.