HOME AND MOTOR

VEHICLE
INSURANCE
INSURANCE
- is a protection against possible lost
INSURANCE COMPANY OR
INSURER
- is a risk-sharing business that agrees that may happen to someone it insures.
POLICY
- A contract given to the person who joins the risk-sharing group.
POLICY HOLDER
- The purchaser of the policy.
PREMIUM
The fee the policy holder pay the the insurance company
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COVERAGE
-protection provided by the terms of an insurance policy.
INSURED
-the people protected by the policy.
T YPE OF
RISK
1. Risk
2. Peril
3. Hazard
4. Negligence
RISK MANAGEMENT METHOD
1. Risk Avoidance
2. Risk Reduction
3. Risk Assumption
4. Risk Shifting
PROPERTY LIABILITY INSURANCE IN YOUR FINANCIAL
PLAN
1. Claims
2. Liability
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PRINCIPLES OF HOME AND PROPERTY INSURANCE
Home Owners Insurance
Household Inventory
Personal Property Floater
Umbrella Payment Coverage

HOME INSURANCE POLICY FORM

HO-1 Basic Form
HO-2 Broad Form
HO-3 Special Form
HO-4 Tenants Form
HO-5 Comprehensive Form
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MOTOR VEHICLE
INSURANCE
 Forward Responsibility Law
 Bodily Injury Liability
 Medical Payments Coverage
 Uninsured Motorist Protection
 Property Damage Liability
 Collision
 No Fault System

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HEALTH, DISABILTY
AND LIFE
INSURANCE
HEALTH INSURANCE

- is a form of protection that eases the financial burden may

experience as a result of illness or injury.

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TYPE OF HEALTH INSURANCE

 Basic Health Insurance Coverage

 Major Medical Expense Insurance
 Hospital Indemnity Policies
 Dental Expense Insurance
 Vision Care Insurance
 Dread Disease Policies
 Long Term Care Insurance
 Disability Income Insurance

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 DISABILITY INSURANCE
is a type of insurance that will provide
income in the event a worker is unable to
perform their work due to disability.

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LIFE INSURANCE

- as a contract between an insurance policy

holder and an insurance company, where
the insurer promises to pay a sum of
money in exchange for a premium, upon
the death of an insured person or after a set
period.

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GOOD LUCK!
SEE YOU ON
YOUR FINAL
EXAM.

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