Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400...

43

Transcript of Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400...

Page 1: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.
Page 2: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/

HealthAutoHomeowne

rs

100

200

300400

500

200300400500

100200300400500

100200300400500

Insurance--

General

100

Page 3: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance Gen. for 100

Question:

What is Risk?

Check Your Answer

Page 4: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 100

Answer: The chance of incurring a loss

Back to the Game Board

Page 5: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 200

Question:

What is Economic Risk?

Check Your Answer

Page 6: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 200

Answer: The chance of incurring a loss of Money

Back to the Game Board

Page 7: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 300

Question:

What is a deductible?

Check Your Answer

Page 8: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 300

Answer: The first dollars of a covered loss that the insured must pay.

Back to the Game Board

Page 9: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 400

Question: What is co-insurance?

Check Your Answer

Page 10: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 400

Answer: That part of a covered loss of which the insured pays a percentage.

Back to the Game Board

Page 11: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 500

Daily Double

Check Your Answer

Page 12: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 500

Check Your Answer

Question: Describe the 3 categories of Economic Risk.

Page 13: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Insurance for 500

Answer:

Personal: Illness, disability, unemployment, death.

Property: Damage or loss of property due to theft, fire, flood, wind, or other hazard.

Liability: Potential losses and losses others might incur as a result of your actions or inactions.

Back to the Game Board

Page 14: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 100

Question: How many perils are in Ho-1?

Check Your Answer

Page 15: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 100

Answer: An Ho-1, standard fire policy, insures against 11 specific perils.

Back to the Game Board

Page 16: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 200

Question: What is the difference between real and personal property?

Check Your Answer

Page 17: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 200

Answer: Real property is anything permanently attached to land. Personal property is that which is not permanently attached.

Back to the Game Board

Page 18: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 300

Question: What is another name for the HO-2 policy?

Check Your Answer

Page 19: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 300

Answer: Another name for the Ho-2 policy is an Extended Coverage Policy.

Back to the Game Board

Page 20: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 400

Question: What does HO-2 cover?

Check Your Answer

Page 21: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 400

Answer: An Ho-2 policy covers all 11 perils covered in an Ho-1 plus 7 additional perils.

Back to the Game Board

Page 22: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 500

Question: What is HO-3, called and what does it cover?

Check Your Answer

Page 23: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Homeowners for 500

Answer: An Ho-3 covers “All Risks” except those specifically excluded in the policy.

Back to the Game Board

Page 24: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 100

Question: Why do most people have auto insurance? Give two reasons.

Check Your Answer

Page 25: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 100

Answer: 1. It’s the law.

2. Most people owe money for their cars and the lenders require them to carry insurance.Back to the Game Board

Page 26: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 200

Question: Name three property damage coverages.

Check Your Answer

Page 27: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 200Answer:

1. Property damage liability.

2. Collision.

3. Comprehensive physical damage.

Back to the Game Board

Page 28: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 300

Question: What safety devices affect coverage?

Check Your Answer

Page 29: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 300

Answer: Alarm systems, air bags, safety belts.

Back to the Game Board

Page 30: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 400

Question: What is covered by medical payments?

Check Your Answer

Page 31: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 400

Answer: Policyholders and their families are covered while riding in their car or in someone else’s. Can pay regardless of fault.

Back to the Game Board

Page 32: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 500

Question: What coverage’s apply if you’re vehicle is the victim of a “hit-and-run”?

Check Your Answer

Page 33: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Auto for 500

Answer: Uninsured/Underinsured Motorists coverage applies if you are the victim of a “hit-and- run”.

Back to the Game Board

Page 34: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 100

Question: Name the two types of life insurance. (General)

Check Your Answer

Page 35: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 100

Answer: Term and Permanent are two types of Life Insurance.

Back to the Game Board

Page 36: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 200

Question: What does hospitalization insurance cover?

Check Your Answer

Page 37: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 200

Answer: Hospitalization insurance covers room, food, and facility expenses, during a hospital stay.

Back to the Game Board

Page 38: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 300

Question: What is a good reason for a decreasing term life insurance policy?

Check Your Answer

Page 39: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 300

Answer: A home mortgage is an excellent reason for decreasing term insurance.Back to the Game Board

Page 40: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 400

Question: Name three types of permanent insurance.

Check Your Answer

Page 41: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 400Answer:

Whole Life

Universal Life

Variably Life

Back to the Game Board

Page 42: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 500

Question: What is key-man life insurance?

Check Your Answer

Page 43: Life/ Health Auto Homeowners 100 200 300 400 500 200 300 400 500 100 200 300 400 500 100 200 300 400 500 Insurance- -General 100.

Life/Health for 500

Answer: Life insurance purchased and owned by a business on irreplaceable people within the business.

Back to the Game Board