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Insurance. Miss Perez. Bell ringer. What are some disasters that could happen in your daily life?. Do you strongly agree, agree, strongly disagree or disagree with the following statements?. If people are careful, the may avoid ALL economic risks.

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insurance

Insurance

Miss Perez

bell ringer
Bell ringer
  • What are some disasters that could happen in your daily life?
do you strongly agree agree strongly disagree or disagree with the following statements
Do you strongly agree, agree, strongly disagree or disagree with the following statements?
  • If people are careful, the may avoid ALL economic risks
slide8
There is no point to saving money for retirement since social security benefits will provide all you need to live on
insurance1
Insurance
  • Protection against financial loss
  • Auto
  • Life
  • Health
  • Homeowners and renters
premium
Premium
  • Cost you actually pay to be insured
  • Can be paid monthly, quarterly, semi-annually, or annually
deductible
Deductible
  • Amount of a claim or service you are required to pay out of your pocket
  • Insurance pays the rest
insurance policy
Insurance policy
  • Written contract dealing what an insurance company covers, how much it will pay, and how much you will pay
coverage limit
Coverage limit
  • Maximum amount that the insurance company will pay if you file a claim
create a skit
Create a skit
  • The skit should revolve around a scenario where something bad happened and you need insurance to cover
  • *Use at least 3 of the vocabulary words that we just covered*
  • Insurance
  • Premium
  • Deductible
  • Insurance policy
  • Coverage limit
pick a partner at your table
Pick a partner at your table
  • Number a scratch sheet of paper 1-7
  • Toss a coin, record if it is heads of tail
    • Put a H if it is heads and a T if it is tails
risk management
Risk Management
  • Property risks
    • Loss or harm to personal or real property.
    • To protect such losses we purchase:

Property

Insurance

slide17

Liability risks

    • Loss that may occur when your inappropriate actions result in injury to someone else or damage to someone else’s property.
    • To protect such losses we purchase:

liability insurance

board activity
Board activity
  • Come up the board and write an example of something that would fall under liability or property insurance