NC Electives

Insurance: I've Got You Covered (O/D 24/25) (4063)


Description
Ironically, insurance is a product we pay for and hope we never have to use.

Generally, insurance should only be purchased to protect you again a catastrophe that you could not afford. It’s a financial safety net, helping you and your family recover after something bad happens — such as a death, disability, fire, theft, lawsuit or car accident.

There are many aspects of acquiring property that should generate this question: Do I need insurance to cover that problem? North Carolina real estate brokers should have a basic understanding of insurance related to real estate transactions and property management. By being knowledgeable about insurance related to real estate transactions, brokers can better serve their clients and help them navigate the complexities of buying, selling, or managing property while minimizing risks and protecting their interests.

Brokers should also be able to identify good resources to help consumers with any insurance concerns they have, Including choices of insurance policies and companies, methods of reducing premiums, and types of coverage.

This is a four-hour approved elective.

Course Number: NC Elective 4063 Name of elective cou...: Insurance: I've Got You Covered

Content
  • Section 1 INTRODUCTION
  • 1.1 Welcome, thank you, and housekeeping
  • 1.2 Introduction to on-demand courses from Debbie
  • 1.3 Video: How to navigate this course
  • 1.4 Rules of engagement
  • 1.5 Your instructor
  • 1.6 Course goals and objectives
  • 1.7 An introduction to the course: Why purchase insurance?
  • 1.8 Some basic insurance terms and definitions definitions
  • Section 2 Homeowners Insurance
  • 2.0 Homeowners insurance
  • 2.1 Homeowners insurance: Why purchase it?
  • 2.2 Different types of homeowners insurance
  • 2.3 The contents of an HO-3 policy
  • 2.4 A review of homeowners insurance policy sections
  • 2.5 Homeowners insurance premiums
  • 2.6 CLUE reports
  • 2.7 Just a little more about CLUE reports
  • 2.8 Optional exercise: Order your CLUE Report
  • 2.9 How to read your clue report
  • 2.10 Vacant or unoccupied property
  • 2.11 Quiz on homeowners insurance
  • Section 3 FLOOD INSURANCE
  • 3.0 Flood insurance
  • 3.1 Flood Insurance: Why is it necessary?
  • 3.2 Flood zones explained
  • 3.3 Flood zone exercise
  • 3.5 Governmental flood insurance
  • 3.6 A little more about flood insurance
  • 3.7 Private flood Insurance
  • 3.8 Flood insurance review
  • Section 4 TITLE INSURANCE
  • 4.0 Title insurance
  • 4.1 Title insurance: What is it for?
  • 4.2 A simple look at title insurance
  • 4.3 Standard versus enhanced title insurance
  • 4.4 Standard v. enhanced title insurance one more time
  • 4.5 Which title insurance company?
  • 4.6 The role of attorneys and non-attorneys
  • 4.7 Title insurance review
  • Section 5 WARRANTY INSURANCE
  • 5.0 Homeowners warranty insurance
  • 5.1 Home warranty plans
  • 5.2 A broker talks about warranty plans
  • 5.3 Warranty plan insurance review
  • Section 6 MORTGAGE INSURANCE
  • 6.0 Mortgage insurance
  • 6.1 Mortgage insurance: Two types
  • 4.2 The basics of PMI and how to get rid of it
  • 4.3 Mortgage insurance review
  • Section 7 BROKER E&O INSURANCE
  • 7.0 Errors and omissions insurance
  • 7.1 E_O insurance
  • 7.2 Assignment on E&O
  • 7.3 E and O insurance review
  • Section 8
  • 8.1 Conclusion
  • 8.2 You're almost done!
  • 8.3 End-of-course survey
  • 8.4 Just hit the complete button
Completion rules
  • All units must be completed
  • Leads to a certificate with a duration: Forever