Home Insurance
Home Owners Insurance does what?
Guards your home and possessions (clothing, furniture, appliances) from theft or damages (weather related, fires, etc.)
Renters insurance essentially covers a tenants personal items within the rental property.
What does life insurance do?
Covers your family after your death.
What does Health insurance do?
Pays a portion or all of your required health care costs.
Car insurance does what?
Protects you with coverage in the event of a car accident.
True or False: You can finance a home without home owners insurance.
False
What sort of structures are typically covered under investment property insurance?
houses, apartments, and condos.
What are some costs covered by life insurance? You must say at least two.
Funerals and outstanding debt.
Name at least two of the methods one can do to obtain healthcare coverage.
Through your employer, the federal insurance marketplace, or by contacting health insurance companies directly and purchasing private insurance through an agent.
The most basic coverage, covers damages you cause in an accident but not your own car.
Liability coverage:
What major weather event is NOT covered by most home owners insurance companies?
Floods
Renters insurance is often required by who?
Landlords
10 times
What sort of coverage protects your income when you are not able to work?
Long Term Disability Coverage
Type of car insurance that pays to repair or replace your car after an accident, regardless of fault. This type of coverage is required when you finance a car.
Comprehensive and collision coverage
True or False: Structures not connected to the home (garages, storage buildings, etc.) are always covered by home owners insurance.
False
The type of insurance for landlords is known as:
Investment Property Insurance
Cheaper coverage that covers you for a set period of time (10,20,30 years).
Term Life
Coverage one might buy to cover their dog's healthcare is known as:
Pet insurance.
If an uninsured or underinsured driver strikes your vehicle, this coverage pays for you and your passenger's medical expenses and damages.
Uninsured Motorist Coverage
Name one company that offers home owners insurance.
State Farm
Nationwide
Allstate
Erie
USAA
Liberty Mutual
Etc.
Investment property insurance does not cover what?
The items of the tenants living on the property.
Coverage for your entire life that builds value over time.
Whole Life
Name at least one insurance company.
Blue Cross Blue Shield
Humana
Kaiser Permanente
Aetna
Cigna
United
etc.
Name one company that offers car insurance.
Geico
Allstate
Progressive
Farmers
etc.