1 / 11

Who remembers these stories…

Who remembers these stories…. Florida sinkhole video Kentucky Sinkhole video. Home and Renter’s Insurance. Importance. Loss of a house, property, or accidents (non-automobile) that are your fault can be EXTREMELY costly Home/renter’s insurance protects you from these costs.

pravat
Download Presentation

Who remembers these stories…

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. Who remembers these stories… • Florida sinkhole video • Kentucky Sinkhole video

  2. Home and Renter’s Insurance

  3. Importance • Loss of a house, property, or accidents (non-automobile) that are your fault can be EXTREMELY costly • Home/renter’s insurance protects you from these costs

  4. Amount of Coverage • You want to have your entire house and property covered for their entire replacement value • Get an assessment/appraisal: • Estimate of the total value of your house and property

  5. Types of Coverage: Liability • Covers the expense of any accidents or injuries caused on your property, or someone else’s property that is your fault • Examples: hit a ball through a neighbor’s window, dog attacks a neighbor, your grandma falls down your stairs, your stove blows up the apartment complex, etc

  6. Types of Coverage: Property • Covers the replacement cost of your house and items • Disasters/accidents NOT covered under most insurance plans: • Earthquake • Flood • War • These require separate types of insurance coverage

  7. Types of Coverage: Property • What is covered under most home insurance policies? • Fire • Tornado • Vandalism • Explosion • Aircraft crash • Volcanic Activity • Burglary • Freezing pipes • Collapses • Etc.

  8. Types of Coverage: Endorsements • Add-on policies that cover property items NOT covered under the normal policy • Examples: expensive items (jewelry, golf clubs, china sets, valuable artwork, etc)

  9. Guaranteeing Your Coverage • Keep proof of ownership for property • Receipts • Pictures • Household inventory (list of items)

  10. Renter’s Insurance • Differences from home insurance • Your apartment complex is insured by the owner (they will receive the money if it is destroyed) • You should still have liability coverage and property coverage

  11. Quick Review • Why is it important to have home/renter’s insurance? • Loss of a house or property can be extremely costly • Why should you buy liability coverage on your home/renter’s insurance? • Protect you from having to pay for accidents/injuries that are your fault • How much coverage should you get for your house and property? • Full replacement value • How can you make sure that all of your expensive items are covered in your house? • Get endorsements • Why should you take pictures of your property or keep receipts? • Prove ownership in case they are destroyed/lost

More Related