InsuranceMiss Perez

Bell ringer

0What are some disasters that could happen in your daily life?

Do you strongly agree, agree, strongly disagree or disagree

with the following statements?

0 If people are careful, the may avoid ALL economic risks

People who have a lot of money do not need

insurance.

Renters do not need home and property

insurance

Automobile insurance insurance protects

drivers from breaking the law

If you are not working, one of the things you can do

without is life insurance.

There is no point to saving money for

retirement since social security benefits will

provide all you need to live on

Insurance

0Protection against financial loss

0Auto0Life0Health0Homeowners and renters

Premium

0Cost you actually pay to be insured0Can be paid monthly, quarterly, semi-annually, or

annually

Deductible

0Amount of a claim or service you are required to pay out of your pocket

0 Insurance pays the rest

Insurance policy

0Written contract dealing what an insurance company covers, how much it will pay, and how much you will pay

Coverage limit

0Maximum amount that the insurance company will pay if you file a claim

Create a skit

0The skit should revolve around a scenario where something bad happened and you need insurance to cover

0 *Use at least 3 of the vocabulary words that we just covered*

0 Insurance0Premium0Deductible0 Insurance policy0Coverage limit

Pick a partner at your table

0Number a scratch sheet of paper 1-70Toss a coin, record if it is heads of tail

0 Put a H if it is heads and a T if it is tails

Risk Management

0Property risks0Loss or harm to personal or real property. 0To protect such losses we purchase:

PropertyInsurance

0Liability risks0 Loss that may occur when your inappropriate actions

result in injury to someone else or damage to someone else’s property.

0 To protect such losses we purchase:

liability insurance

Board activity

0Come up the board and write an example of something that would fall under liability or property insurance