1. What is Insurance?

2. Protection from almost anything that can happen Insurance is based on the concept of risk and loss Peace of mind knowing that you will not loose everything

3. How does Insurance work?

4. 1. Pay Premium Each month/ year you have a set amount that you pay the Insurance Company (based on the type of insurance you get)

5. 2. Need to use your Insurance You will file a claim with your Insurance company.

6. 3. You may need to pay a “Deductable” Some Insurance companies might make you pay a certain amount before you are able to collect – the amount you must pay is called the Deductable.

7. 4. The Insurance company pays… Sometimes this can take a while They may have you pay the bill and reimburse you They might need proof of your replacement

8. What are some things that I can Insure? House Car Life Possessions Animals Job and a lot more…

9. How do they decide your rate? Determining your insurance premiums is based on several things…  Age  Gender  Marital Status  Condition of what you are Insuring  Driving record/ Credit History  Grades in school  Location

10. Trivia Question When talking about car insurance.. Who pays the highest rates? (meaning the are the most risky?) Teenage male drivers