Download presentation
Published byAugustine Palmer Modified over 9 years ago
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
Similar presentations
© 2024 SlidePlayer.com Inc.
All rights reserved.