Insurance $207$

Final Assignment$-$ Policy Booklet Assignment

$30\%$ of Final Grade

The purpose of this assignment is to familiarize students with the various sections of habitational insurance policies in a Saskatchewan context.

Policy Coverage Guidelines:

$$ Students will work together in groups of $3.$

$$ Each group can choose to present a Condo Policy or a Homeowner$$s Package Policy that they have customized to attract a specific demographic.

$$ Both policies presume that the policyholder will be residing in the premises to be insured for at least $75\%$ of the time.

$$ Create a name and brand for your company for the presentation.

Groups will choose to write their custom policy coverages for one of the following demographics:

$1.$ Homeowner who runs a small business out of their home $$ Home Baked Business

Your policy must include:

$4$ unique features that address the unique property coverage needs of your chosen demographic.

$$ Identification of the usual habitational insurance coverage, additional property covered, any coverage restrictions, warranties, unique perils, and exclusions particular to your policy features.

I have included some examples of policy booklets to be used as a guide to help format your policy booklet and establish wordings.

Presentation Guidelines:

Scenario: You are the Product Development Team for SP Insurance Agencies. You are about to present your innovative new package policy to a group of insurance professionals $($brokerage managers, risk managers etc.$)$ to try and sell them your product to sell at their brokerages.

You must prepare a $10$ to $12-$minute presentation of your completed project where you will describe the specific details of your package policy $($Dragon Den $/$ Shark Tank style$).$ There will be a Question$-$and$-$Answer period after your presentation.

Make sure to include within the presentation:

$$ Highlights of the custom features of your policy.

$$ Include reasonable evidence of product pricing and deductibles.

$$ A sales pitch that demonstrates your company$$s brand and demographic focus.

This project is worth $30\%$ of your final grade in this course.

You will be assessed on including all required elements of a property insurance policy, $($except for liability insurance, which is not included in the scope of this course$).$ Review the rubric attached.