API case studies
API · Put your knowledge to work in context.
The Associate in Personal Insurance (API) is a designation offered by The Institutes Knowledge Group for professionals who work with personal lines coverage - home, auto, and the liability exposures that come with them. It suits personal lines underwriters, agents and brokers, customer service representatives, and claims staff who want a structured, credential-backed command of how personal policies are built, priced, and evaluated rather than a surface familiarity with a few forms. The API case studies are 5 cases and about 2,499 words.
1The Vanishing Coverage Gap
Priya owns a townhouse and insures it on a homeowner policy with a 300,000 dwelling limit and a 1,000 all-perils deductible. In March she converts her attached garage into a small home-bakery business, installing a commercial-grade oven and buying 18,000 of commercial mixers and display cases.
500 words, about 3 min2Scheduled vs. Blanket: The Ring and the Rembrandt
Marcus insures his home contents under a homeowner policy with 250,000 Coverage C and a standard 1,500 special-limits cap for theft of jewelry. He separately schedules his wife's engagement ring at an appraised 22,000 on a scheduled personal property endorsement with no deductible and 'agreed value' settlement.
477 words, about 2 min3The Dog, the Guest, and the Umbrella
The Okafors carry a homeowner policy with 300,000 Section II personal liability, a 1,000 medical payments to others limit, and a personal umbrella of 1,000,000. Their policy has no dog exclusion.
549 words, about 3 min4Replacement Cost Meets the 80% Rule
The Riveras insure a 2,200 sq ft home for 400,000 on a replacement-cost homeowner policy. Their agent's replacement-cost estimator, run at policy inception two years ago, put full replacement cost at 500,000, but the Riveras chose the 400,000 limit to lower premium.
481 words, about 2 min5The Teen Driver and the Misrepresented Garage
When applying for auto and homeowner coverage, Mr. Haddad listed himself and his wife as the only drivers and stated the vehicles were 'garaged overnight at 14 Birch Lane.' In fact, his 17-year-old son - who has a learner's permit and drives the family's newest SUV daily - was never disclosed, and the vehicles are actually kept at an apartment two miles away where the son lives with his mother during the week.
492 words, about 2 min