Insurance

1
Insurance

• A means of guaranteeing your financial protection
  against various risks.
• Premiums amount you pay for insurance policy
• Deductible Amount you pay before insurance
  kicks in

2
Car Insurance

• Collision Damage to your car no matter who
  caused accident
• Comprehensive Damage to your car not caused by
  an accident (theft, vandalism, natural disasters)
• Liability Bodily injury property damage to
  others, plus legal costs. (state law)
• Medical pays for medical expenses for everyone
  injured, regardless of fault
• Uninsured Motorist damage caused by a driver w/
  no liability insurance

3
Property

• Renters Insurance insures against theft, fire
  and other dangers and visitor injuries.
• Homeowners insurance covers a house, its
  contents and visitor injuries
• Separate insurance is needed for flood or
  earthquake

4
Other types of Insurance

• Health -- pays hospitalization, surgery, exams
  and other medical costs
• Life provides financial support to loved oes
  when a person dies