IA Property & Casualty case studies
IA Property & Casualty · Put your knowledge to work in context.
The Iowa Property and Casualty Producer license is the credential that lets you sell, solicit, and negotiate property and casualty insurance products in the state - homeowners, dwelling, personal auto, commercial property, businessowners, commercial general liability, commercial auto, workers compensation, and umbrella or excess lines. It suits people entering the insurance business for the first time as well as life or health agents who want to add property and casualty authority, and it is typically the first step before an appointment with a carrier. The IA Property & Casualty case studies are 5 cases and about 4,094 words.
1Underinsured HO-3: The Dwelling, the Workshop, and the Furniture Inventory
An Ames couple insured their 1968 two-story home on an HO-3: Coverage A 320,000, Coverage B 32,000, Coverage C 160,000, a 1,000 all-perils deductible, and replacement cost on the dwelling. Coverage A was never increased after a 2021 addition; the home's current replacement cost is 480,000.
755 words, about 4 min2Pizza Delivery, an Unlisted Driver, and a Commercial Auto That May Not Respond
An Iowa family's personal auto policy shows liability 100,000/ 300,000/ 50,000, UM at the same limits, 5,000 medical payments, and two listed vehicles: the parents' 2021 CR-V and a 2015 Civic. Their 20-year-old son lives at home, is licensed, drives the Civic regularly, and is not listed anywhere on the policy.
847 words, about 4 min3Defective Flashing, a Subcontractor, and the 'Your Work' Exception
A Des Moines general contractor finished a 40-unit apartment complex in 2019 and subcontracted all roofing and flashing to a licensed subcontractor carrying its own 1M/ 2M CGL. The GC's own CGL is the standard ISO occurrence form: 1M each occurrence, 2M general aggregate, 5,000 per-occurrence deductible, and it includes the exception to the "your work" exclusion for work performed on the GC's behalf by subcontractors.
853 words, about 4 min4A Lapsed CE Term, a Referral Fee, and a Requested Rebate
Marcus has held an Iowa resident producer license with property, casualty, life, and accident & health authority since 2013 and has been appointed by three insurers. In January he moved his office across town, changed his agency email, and stopped selling to care for his father.
860 words, about 4 min5Coinsurance Penalty After a Tornado: Two Limits, One Deductible
A Cedar Rapids machine shop insures its building and contents on an ISO commercial property form with 80% coinsurance and replacement cost: Building 1,200,000, Business Personal Property 400,000, 5,000 deductible per occurrence. Values were set in 2019 and never updated.
779 words, about 4 min