Insurance

While you are Sitting Down

What are 3 risks that you

might face today?

Life is Unpredictable

Can individuals avoid all risks in life?

No

What can we do?

We can minimize it

How?

Insurance

How Does it Work???

Insurance can help by

Transferring and sharing the

risk

What is insurance?

Coverage that ensures payment

if a loss occurs

 Helps fnancially with

the death of a family
member
Cover/help cost of
illness or accident
Protects everyone in an
automobile

Life
Health
Automobile

In a Nutshell SIX Major

Types

 Provides income when

someone is unable to
work

Disabilities
Homeowner
s

Protects the homeowner

from loss

Renters

Protects the renter from

loss

In a Nutshell SIX Major

Types

FOCUS: Car Insurance

While all forms of insurance are useful, let us at several
key aspects of car insurance.
Type of Insurance
What it Does
Bodily-Injury Liability
Pays for any bodily injury
Required by law!!!

Property-Damage Liability Pays for any property

damage
Collision

Pays for damages to your car

when you cause an accident

Comprehensive

Pays for damages to your car

by other events
Ex. Theft, animal, weather, etc.

Quiz Yourself
Event

1 Someone steals the

speakers from your car.
2 You have medical costs
from an accident after
someone hit you in the
side
3 Your car is in the shop
because of an accident
you caused. You need

Whos
to
Blame

What kind
of
insurance

You

Comprehensi
ve

Them

BodilyInjury
Liability

You

Collision

Quiz Yourself
Event

Whos
to
Blame

What kind
of
insurance

4 You slipped off an icy road

and destroyed a fence.

You

PropertyDamage
Liability

5 Your car is damaged as a

result of an accident after
you ran a red light.
6 You hydroplaned and hit
two people walking on a
sidewalk
7 You hit a deer, mangling

You

Collision

You

BodilyInjury
Liability

You

Comprehensi