1. Insurance 20 20-1 Vehicle Insurance 20-2 Property Insurance
20-3 Life Insurance
20-4 Health Insurance

2. LESSON 20-1 Vehicle Insurance
CHAPTER 20
4/17/2017
LESSON 20-1 Vehicle Insurance
Goals
Discuss motor vehicle risks.
Explain auto insurance coverage.
Identify factors that affect auto insurance costs.
Chapter 20

3. Key Terms bodily injury liability medical payments uninsured motorist
property damage liability
collision
deductible
comprehensive coverage
Chapter 20

4. MOTOR VEHICLE RISKS Financial responsibility Compulsory insurance
Chapter 20

5. >> C H E C K P O I N T What are financial responsibility laws?
Chapter 20

6. AUTOMOBILE INSURANCE COVERAGE
Personal injury coverage
Bodily injury liability protection
Medical payments protection
Uninsured motorist protection
Property damage coverage
Property damage liability
Collision insurance
Comprehensive coverage
No-fault insurance laws
Chapter 20

7. >> C H E C K P O I N T
What are the two main categories of automobile insurance coverage?
Chapter 20

8. AUTOMOBILE INSURANCE COSTS
Insurance rates
Your age and other characteristics
Purpose for which you use your car
Number of miles you drive each year
Value and type of your car
Community in which you live
Amount of coverage and deductibles
Chapter 20

9. AUTOMOBILE INSURANCE COSTS
(continued)
Reducing auto insurance costs
Selecting a company
Assigned-risk plans
Insurance for other vehicles
Chapter 20

10. >> C H E C K P O I N T
What factors affect the cost of automobile insurance?
Chapter 20

11. LESSON 20-2 Property Insurance
Goals
Describe property insurance coverage.
Explain property insurance policies.
Identify factors that affect property insurance costs.
Chapter 20

12. Key Terms personal liability coverage homeowners policy depreciation
Chapter 20

13. PROPERTY INSURANCE COVERAGE
Damage to home or property
Additional living expenses
Liability protection
Chapter 20

14. >> C H E C K P O I N T
What are the three main types of property insurance coverage?
Chapter 20

15. PROPERTY INSURANCE POLICIES
Homeowners policies
Renters policies
Special coverage
Making a claim
Chapter 20

16. >> C H E C K P O I N T
How does a renters policy differ from homeowners insurance?
Chapter 20

17. PROPERTY INSURANCE COSTS
Coverage selection
Insurance premiums
Chapter 20

18. >> C H E C K P O I N T
What factors affect the cost of home insurance?
Chapter 20

19. LESSON 20-3 Life Insurance
Goals
Discuss the principles of life insurance.
Explain the types of life insurance.
Describe the process of buying life insurance.
Chapter 20

20. Key Terms beneficiary term life insurance permanent life insurance
Chapter 20

21. LIFE INSURANCE PRINCIPLES
The life insurance policy
Beneficiary selection
Chapter 20

22. >> C H E C K P O I N T
What is an insurable interest?
Chapter 20

23. TYPES OF LIFE INSURANCE
Term life insurance
Permanent life insurance
Whole life insurance
Variable life insurance
Universal life insurance
Group life insurance
Chapter 20

24. >> C H E C K P O I N T
What is the difference between term and permanent life insurance?
Chapter 20

25. BUYING LIFE INSURANCE Coverage amount Life insurance application
Premium payments
Chapter 20

26. >> C H E C K P O I N T
What factors affect the need for life insurance?
Chapter 20

27. LESSON 20-4 Health Insurance
Goals
Describe health insurance coverage.
Discuss health insurance providers.
Explain disability and long-term care insurance.
Chapter 20

28. Key Terms hospital insurance surgical insurance
regular medical insurance
major medical insurance
coinsurance
comprehensive medical policy
disability income insurance
Chapter 20

29. HEALTH INSURANCE COVERAGE
Hospital insurance
Surgical insurance
Regular medical insurance
Major medical insurance
Comprehensive medical policy
Dental insurance
Vision care insurance
Chapter 20

30. >> C H E C K P O I N T
What four types of health insurance would be included in a comprehensive medical policy?
Chapter 20

31. HEALTH INSURANCE PROVIDERS
Group health insurance
Individual health insurance
Managed care plans
Health Maintenance Organization (HMO)
Preferred Provider Organization (PPO)
State government assistance
Federal government assistance
Cost containment
Chapter 20

32. >> C H E C K P O I N T
Who are the main providers of health insurance?
Chapter 20

33. DISABILITY AND LONG-TERM CARE INSURANCE
Disability income insurance
Long-term care insurance
Chapter 20

34. >> C H E C K P O I N T
What is the purpose of disability income insurance?
Chapter 20