Auto Insurance
These are two types of optional auto insurance coverage.
What are collision coverage and comprehensive coverage?
Not engaging in risky behavior a way to engage in this risk management strategy.
What is avoidance?
In this time period Lloyd's of London and other formal insurance companies started.
What is the late 1600's
$500-$2000 is the average cost of this type of insurance.
What is homeowners insurance?
These are four common ways to obtain and access health insurance.
What are parents, college, employer, or state health plan?
This type of insurance policy pays for medical expenses for you and your passengers.
What is personal injury protection (PIP)?
Wearing a seat belt or a helmet are ways to engage in this risk management strategy.
What is Mitigation?
In this century, early forms of modern insurance including life and accident insurance were being offered.
What is the 18th century
This type of coverage is only available for homeowners.
What is dwelling coverage.
In the early 1900's some people took out policies when movie theaters first opened in case this happened.
What is laughing to death?
These are two uncontrollable factors used to determine your auto insurance premium.
What is age and gender?
Having insurance can limit your financial exposure as a form of this risk management strategy.
What is Transfer?
Nicholas Barbon introduced the first fire insurance office after this event destroyed 88% of the city's homes.
What is the great fire of London?
This is one optional add on for renters or homeowners insurance.
What is flood insurance, or personal articles floater
This type of insurance is required by law.
What is health insurance?
Helping injured, moving your car, getting contact information, take pictures, call police if appropriate.
What do you do immediately after an accident?
This risk management strategy is when we are okay with the consequences of our situation.
What is acceptance?
King Hammurabi as part of his code of Hammurabi stated that no man would have to pay back his loans if this made it impossible.
What is a personal catastrophe?
For renters and homeowners insurance, this list or video of household items is important to keep in a safe place.
What is a home inventory, personal possession inventory, etc...
This type of life insurance is the most commonly sold and has the lowest price.
What is term insurance?
This type of coverage protects you from theft, break ins, and natural disasters.
What is comprehensive insurance?
A smart financial move is to decide how to deal with the consequences at this time.
When is before they happen?
In 1750 BC assurances that if a ship was lost at sea, the loan would not have to be repaid as a result of this.
What are sailing merchants sharing in risk?
This is the average Monthly cost for renters insurance
What is $8.30-$16.60
A single business owner with no children will need this type of insurance while financially supporting his disabled niece.
What is health insurance and life insurance?