The ISO HO 2011 program has been approved in all states, except Alaska, Connecticut (effective Feb. 1, 2012), Florida, Hawaii, Louisiana, Maryland, Massachusetts, Minnesota, New York, North Carolina, Oklahoma (effective Nov. 1, 2011), Pennsylvania, Puerto Rico, Texas, Virginia, and Washington. All of the listed states are still on the ISO HO 2000 program, except for Pennsylvania and Washington, which have special programs, and Puerto Rico and Virginia, which are still on the ISO HO 1991 program.
A lot has changed in society in the past decade and it was time to revise the policy. On Nov. 2 at 1:30pm ET, Big “I” Virtual University Experts Bill Wilson of IIABA and David Thompson of the Florida Association of Insurance Agents will be host a 90-minute webinar that will show what has changed and what has not changed in the newest version of ISO’s homeowners policy. Some of the changes are good for the customer, while others are bad. Wilson and Thompson will show participants the good, bad, and the ugly.
A sampling of subjects includes a reduction in coverage for personal property in a self-storage facility, a reduction in coverage for CDs in an automobile, increased coverage for business personal property off premises, a discussion of the risk of direct physical loss wording, wording relating to vermin, theft coverage for college kids, the controversial coverage for riding mowers, kids motorized toy cars, several condominium issues, coverage for homes owned by a trust, a new option to provide theft in a dwelling under construction, liability coverage for dog bites, and a new twist on personal injury liability. Register today for the “ISO’s New 2011 Homeowners Program…A Review of 2011 Changes That Could Become 2012 E&O Claims” webinar and learn more. Tuition is $79 for a “seat” which can be presented conference style allowing the entire agency to participate. Click here to register. For more information email BestPractices@iiaba.net.