Home Insurance
Home Insurance does what?
Guards your home and possessions (clothing, furniture, appliances) from theft or damages (weather related, fires, etc.)
Tenants insurance offers what type of coverage?
Tenants 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/get a homeloan for a home without home insurance.
False
What sort of structures are typically covered under landlords insurance?
houses, apartments, and villa.
What are some costs covered by life insurance? You must say at least two.
Funerals and outstanding debt.
What are the three types of health insurance you can get in Australia
Hospital
Ambulance
Extras
The most basic coverage, covers damages you cause in an accident but not your own car.
Compulsory Third Party (CTP) insurance
What major weather event is NOT covered by most home insurance companies?
Floods
True or False: Tenants insurance is often a requirement of a tenancy agreement.
True
Most life insurance companies suggest taking how many times the amount of your yearly salary in coverage? 1, 5, 10, 20, 50
10 times
What is the government incentive that means that for every year after you turn 30 that you haven't been insured you'll pay a 2% loading on top of your premium.
Lifetime Health Cover (LHC) loading
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 car insurance
True or False: Structures not connected to the home (garages, storage buildings, etc.) are always covered by home insurance.
False - you may need to add them as additional structures.
The type of insurance for homeowners who rent their property out is known as:
Landlords Insurance
Insurance that pays your income if you cannot work due to illness or injury.
Income Protection Insurance
Coverage one might buy to cover their dog's healthcare is known as:
Pet insurance.
Two ways you can select the value of your payout in the event of an accident that writes of your vehicle.
Agreed value (chosen by you) or Market value (determined by the insurance company based on new car sales prices)
Name one company that offers home insurance.
AAMI
Suncorp Insurance
Real Insurance
Allianz
NRMA
Landlords insurance does not cover what?
The items of the tenants living on the property.
Insurance that pays a lump sum to help with rehabilitation and living costs
Total and permanent disability (TPD) Insurance
Name at least one health insurance company.
HCF
Medibank
AHM
Allianz
AAMI
NRMA
Name one company that offers car insurance.
NRMA
AAMI
Allianz