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Special Limits of Liability

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The course, “Special Limits of Liability,” is designed to enhance the knowledge, understanding, and/or competence of the student regarding insurance principles and coverages, relevant case law, and recent modifications regarding personal property subject to Special Limits of Liability found in homeowners insurance policies.

What CE Credit is available?

Note: To qualify for credit, you must submit completion (including a passed final exam if required) within five days of completing the last quiz. No partial credits will be awarded.

State:
Adjuster General CE Hours:
Adjuster Ethics CE Hours:
Attorney General CLE Hours:
State's Course ID:
NH 2.0 482660
TX (classroom equivalent) 1.0 99521
NC 2.0 C02674
FL * ( Provider Number: 364169 ) 2.0 1197159
IL 2.0 485559
OK 2.0 1028293
WY 2.0 35188

* This course has been approved by the Florida Department of Financial Services for insurance continuing education credit.

Course Content

Introduction to the Special Limits Category and an Overview on Certain Property Contained in the Special Limit on Money Category
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Lesson Content
  1. Introduction (Slides 1 – 2)
    1. Titles (Slide 1)
    2. Scope and purpose of module (Slide 2)
  2. Overview (Slides 3 – 13)
    1. Difficulties presented by Special Limits of Liability (Slide 3)
    2. Why Special Limits of Liability exist (Slide 4)
    3. Can additional coverage be purchased? (Slide 5)
    4. Special Limits are not grants of coverage; loss must be due to a named peril (Slide 6)
    5. Question and answer (Slides 6 – 7)
    6. Special Limits do not increase the Coverage C limits (Slide 8)
    7. Each Special Limit is the limit for all property within a given category (Slides 9 – 10)
    8. Relation to deductible (Slides11-12)
    9. Review (Slide 13)
  3. Things property in the “Money” category have in common (Slide 14)
    1. Each could have unexpectedly high values (Slide 14)
    2. Each can be easily used in the marketplace (Slide 14)
  4. Limit on discussion of property in the “Money” category (Slide 15)
  5. Definition of money (Slides 16 – 17)
  6. Question and answer (Slide 18)
  7. Definition of coins (Slide 19)
  8. Money vs. coins (Slide 20)
  9. Is a cashier’s check subject to the Special Limit on “money”? (Slides 21 – 22)
  10. Money orders (23 – 24)
  11. Additional things property in the “Money” category one have in common (Slide 25)
  12. Stored value cards (Slide 26 – 29 )
    1. Definition (Slide 26)
    2. Relation to gift certificates and gift cards (Slide 27 – 29)
  13. Review and exit to quiz (Slides 30 – 31)
  14. Quiz – Reinforcing Part 1 Materials
    1. 5 multiple choice questions
    2. 4 choices per question
    3. Second quiz if less than 80% score on first quiz
Special Limits on Property in the Securities Category
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Lesson Content
  1. Introduction (Slides 1 – 2)
    1. Titles (Slide 1)
    2. Scope of module (Slide 2)
  2. Comparison to property in the "money" category (Slides 3 – 5)
  3. Manuscripts (Slides 6 – 8)
    1. Definition (Slide 6)
    2. Broad view (Slides 7 -8)
    3. Narrow view (Slide 8)
  4. Personal Records (Slides 9 – 15)
    1. Definition (Slide 9)
    2. Question and answer (Slides 10 – 11)broad view
    3. Narrow view (Slide 12)
    4. Is a will a personal record under the narrow view? (Slides 13 – 15)
  5. Securities (Slides 16 – 20)
    1. Definitions (Slide 16)
    2. Is a savings bond a security? (Slides 17 – 18)
    3. Is a personal check a security? (Slides 19 – 20)
  6. Evidences of Debt (Slides 21 – 25)
    1. Definition (Slide 21)
    2. Discussion of case law regarding personal checks as evidences of debt (Slides 21 – 24)
    3. Broader interpretation of personal checks as evidences of debt
  7. Review of personal checks as securities or evidences of debt
  8. Cashier’s checks vs. personal checks (Slides 26 – 27)
  9. Judicial interpretation (Slide 28)
  10. Review and exit to quiz (Slides 29 – 30)
  11. Quiz – Reinforcing Part 2 Materials
    1. 5 multiple choice questions
    2. 4 choices per question
    3. Second quiz if less than 80% score on first quiz
Watercraft and Related Items
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Lesson Content
  1. Introduction (Slides 1 – 2)
    1. Titles (Slide 1)
    2. Review of Parts 1 and 2 (Slide 2)
    3. Scope of Part 3 (Screen 2)
  2. Theft peril and Watercraft Special Limits (Slide 3)
  3. Special Limit on Watercraft vs. Watercraft exclusion in Theft peril
  4. Differences in Special Limit on Watercraft in the 1991 and 2000 forms of ISO’s HO-3
  5. Treatment of Watercraft in Section I vs. Section II (Slide 7)
  6. “Watercraft” vs. “Watercraft of all types” (Slides 8 – 13)
    1. Definitions of Watercraft (Slide 9)
    2. Changes in the 2000 form (Slide 10)
    3. Question and answer (Slides 11 – 12)
    4. Case law regarding “watercraft of all types” (Slides 12 – 13)
  7. Watercraft equipment (Slides 14 – 24)
    1. Definition (Slide 15)
    2. Downrigger question and answer (Slides 16 -18)
    3. Fishing lures question and answer (Slides 19 – 20)
    4. Water skis (Slide 21)
    5. Life jacket (Slide 21)
    6. Boat hoist question and answer (Slides 22 – 23)
    7. Boat dock (Slide 24)
  8. Summary and preview of next section (Slide 25)
  9. Exit to quiz (Slide 26)
  10. Quiz – Reinforcing Part 3 Materials
    1. 5 multiple choice questions
    2. 4 choices per question
    3. Second quiz if less than 80% score on first quiz
Special Limits of Liability for Theft of Jewelry, Watches, Furs, Precious and Semi-Precious Stones
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Lesson Content
  1. Introduction (Slides 1 – 2)
    1. Titles (Slide 1)
    2. Scope of module (Slide 2)
  2. Reasons for amount of Special Limit (Slide 3)
  3. Limited Only to Theft peril (Slides 4 – 8)
    1. Why only theft? (Slides 5 – 6)
    2. What is a theft? (Slide 7)
    3. Burden of proof (Slide 8)
  4. Loss scenario question and answer (Slides 9 – 10)
  5. Jewelry (Slides 11 – 20)
    1. Definitions of Jewelry (Slide 11)
    2. Costume jewelry (Side 12)
    3. Religious items? (Slide 13)
    4. Non-traditional items? (Slide 14)
    5. Items that also serve a function (Slides 15 -16)
      1. Belt buckle or trophy? (Slide 17)
      2. Definition of trophy (Slide 18)
    6. Question and answer (Slides 19 – 20)
  6. Definition and discussion of Watches (Slide 21)
  7. Furs (Slides 22 – 25)
    1. Definition of Furs (Slide 22)
    2. Interpreted narrowly (Slide 23)
    3. Garments containing fur (Slide 24)
      1. Question (Slide 24)
      2. Answer (Slide 25)
  8. Definition and discussion of Precious and Semi-precious Stones
  9. Review and exit to quiz (Slides 27 – 28)
  10. Quiz – Reinforcing Part 4 Materials
    1. 5 multiple choice questions
    2. 4 choices per question
    3. Second quiz if less than 80% score on first quiz
Special Limit on Business Personal Property
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Lesson Content
  1. Introduction (Slides 1 – 2)
    1. Titles (Slide 1)
    2. Review of Part 4 and subject of Part 5 (Slide 2)
  2. Comparison of two Special Limits on Business property (Slide 3)
  3. Scope of Part 5 (Slide 4)
  4. Definition of Business (Slide 5)
    1. Trade (Slide 5)
    2. Profession (Slide 5)
    3. Occupation (Slide 5)
  5. What courts consider necessary for a Business (Slide 6)
    1. Engaged in regularly (Slide 6)
    2. Profit motive (Slide 6)
  6. Business vs. Hobby (Slides 7 – 9)
    1. Case law example (Slides 7 – 8)
    2. Expanded definition of Business in 2000 form (Slide 9)
  7. Business vs. Hobby example (Slides 10 – 14)
    1. Question and answer under ISO’s 1991 Homeowners form
    2. Question and answer under ISO’s 2000 Homeowners form
  8. When does the Special Limit on Business property apply?
    1. ISO’s 1991 Homeowners form (Slide 15)
    2. ISO’s 2000 Homeowners form (Slide 15)
    3. Application to Business vs. Hobby example (Slides 16 – 17)
  9. Dual use property (Slide 18)
    1. Use of the property is determinative (Slide 18)
    2. Artwork question and answer (Slides 19 – 20)
    3. Laptop question and answer (Slides 21 – 24)
      1. Under ISO’s 1991 HO-3 form (Slides 21 -22)
      2. Under ISO’s 2000 HO-3 form (Slides 23 – 24)
  10. Treatment of property from a former Business in ISO’s 1991 and 2000 forms (Slides 25 – 29)
  11. Review and exit to quiz (Slides 30 – 31)
  12. Quiz – Reinforcing Part 5 Materials
    1. 5 multiple choice questions
    2. 4 choices per question
    3. Second quiz if less than 80% score on first quiz
Get CE Credit or Certificate of Completion.

Submit within 5 days to get CE Credit or Certificate of Completion.

Recent Updates

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Building Codes

Does Kaysville, Utah, Residential Building Code Require Ice Barrier Underlayment When Replacing a Roof?

June 26, 2024 By Dan Hartweg QUESTION: For a roofing project in Kaysville, Utah, does the residential building code require ice barrier underlayment? RESPONSE: Yes. The 2021 Utah State Residential Code (USRC) does not require ice barrier underlayment unless there is a history of ice forming along the eaves causing a backup of water, which is left to local jurisdictions to determine and adopt the requirement. 2021 USRC § R905.1.2. Utah did not complete Table R301.2, “Ice Barrier Underlayment Required” column, leaving it to local jurisdictions to complete the table. 2021 USRC Table R301.2. While the Kaysville City Code does not contain any amendments to Table 301.2, according to the Kaysville City Community Development website, ice barrier underlayment is required.  FACTS: Roof repairs at a private residence located in Unincorporated, West Jordan, Utah. DISCUSSION: Utah adopted the 2021 International Residential Code (IRC), including Appendices AE and AQ, with amendments, as the uniform statewide residential code known as the 2021 Utah State Residential Code (USRC) and is part of the mandatory statewide building code, the State Construction Code (SCC). Utah Code § 15A-2-101. (Adoption of SCC); Utah Code §§ 15A-2-103(b), (d), and (m) (adoption); Utah Code §§ 15A-3-101 through 206 (IRC amendments); Utah Code §§ 15A-4-201 through 207 (IRC local amendments); 2021 USRC (ICC page).  The State and its political subdivisions are required to follow the SCC. Utah Code § 15A-1-204(1)(a). The Division administers the SCC, but it is not within the Division's responsibility to enforce it, the responsibility for inspections and enforcement under the SCC fall on the compliance agency. Utah Code § 15A-1-205 (Division duties); Utah Code § 15A-1-207(1) (compliance agency with jurisdiction over project shall inspect and enforce SCC). A compliance agency is defined as an agency of the State or any of its political subdivisions which issues permits for construction regulated under the SCC. Utah Code § 15A-1-202(6). The compliance agency must follow the Division’s established standardized permit system, may charge a fee but must impose a 1% surcharge to help fund Division education efforts, and must promptly review plans and inspect properties. Utah Code § 15A-1-209 (building permit requirements and surcharge); Utah Code § 10-6-160 (municipality may charge fee and must review plans and inspect properties promptly); U.A.C. R156-15A-220 (standardized permits). A search of the subject property on the PLRB address search page indicates that it is located within the City of Kaysville, Utah.  2021 USRC Reroofing Section R908 of the 2021 USRC on Reroofing requires that recovering or replacing an existing roof must comply with the materials and methods outlined for new roofs: 2021 USRC § R908.1. Therefore, the provisions concerning ice barrier underlayment and drip edges in Chapter 9 must be considered.  ICE BARRIER UNDERLAYMENT Ice barrier underlayment is required under Section R905.1.2 where there is a history of ice forming along eaves causing a backup of water as designated in local amendments in Table R301.2: 2021 USRC § R905.1.2.  Utah did not complete Table R301.2 as follows, in relevant part: 2021 USRC Table R301.2. Because no amendment to IRC Table R301.2(1) was made by the legislature, the need for ice barrier underlayment is left to local jurisdictions. Utah Code §§ 15A-3-101 through 206; 2021 USRC Table R301.2. Kaysville City adopted the current version of the International Residential Code adopted by the State of Utah. Kaysville City Code § 18-2-2. The City did not adopt any amendments to Table 301.2. Id., see also, Kaysville City Code Title 18, Chapter 3. However, according to the City’s website, ice barrier underlayment is required. Kaysville City, Community Development, Roofing Requirements.  DISCUSSION: Utah adopted the 2021 International Residential Code (IRC), as amended, as the 2021 Utah State Residential Code (USRC) and part of the 2021 Utah State Construction Code, a uniform statewide code. The state did not complete Table R301.2, leaving the decision to require ice barrier underlayment up to local jurisdictions where there has been a history of ice forming along eaves causing a backup of water. While the Kaysville City Code does not contain an amendment to Table R301.2, according to the Kaysville City Community Development website, ice barrier underlayment is required.

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Liability Legal News

AZ – STATUTORY BULLETIN – New Arizona Law Modifies Certain Minimum Limits that Apply to Transportation Network Services (e.g., Uber) and Services Involving Taxis, Livery Vehicles, and Limousines

Recently, Arizona's Governor signed into law House Bill 2729, which (1) addresses transportation network companies (TNCs) (e.g., Uber) and their drivers and (2) modifies the minimum required limits for commercial motor vehicle liability insurance and commercial uninsured motorist coverage. See Ariz. Stat. § 28-4038(B). The new law also (1) addresses taxi companies, livery vehicle companies, and limousine companies and the drivers of such vehicles and (2) modifies the minimum required limits for commercial uninsured motorist coverage. See Ariz. Stat. § 28-4039(A)(2). The new law takes effect on September 14, 2024.   

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Liability Question of the Week

Is there a Duty to Defend the Insureds Against the Plaintiff's Complaint that Alleges Damages Due to the Movement of Water, Debris, and Unstable Soils onto the Plaintiff's Property?

The Plaintiff's Complaint alleges that the Defendants "built a house on the uphill property from Plaintiff" and that, during the policy period of the Defendants' Homeowners Policy, "[the] Plaintiff became aware that water, debris, mud, unstable soils and other materials slipped, slid and/or moved from Defendants' property onto Plaintiff's property." The question is whether the insurer is required to defend the homeowners against this Complaint, which asserts negligence and trespass claims against the homeowners.    

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Property Legal News

Thompson v. Allstate Prop. & Cas. Ins. Co. (2024)

(United States District Court for the District of Maryland, applying MD law) Note that this case was decided by a U.S. District Court, a trial court in the federal court system. Its opinion is not binding precedent, but it may be cited as persuasive authority.

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