Chapter 24 Property Insurance __________________________.

Slides:



Advertisements
Similar presentations
Homeowners Insurance. A binding, legal contract between the policyholder and the insurance company to protect their home and belongings if they are damaged,
Advertisements

HOMEOWNERS INSURANCE. PROPERTY INSURANCE Property Insurance- Insurance that protects you from loss of real and personal property Real property- Property.
Learning Objective # 3 Explain the insurance coverage and policy types available to homeowners and renters. LO#3.
Topic 11. Insurance Policy Provisions BUS 200 Introduction to Risk Management and Insurance Jin Park.
Topic 9. Insurance Policy Provisions BUS 200 Introduction to Risk Management and Insurance Jin Park.
Chapter 12 Property and Liability Insurance The Concept of Liability Liability is the financial responsibility one person has to another in a situation.
An Introduction to Renter’s Insurance Presented by INSERT NAME: Financial Education Program on Insurance Nationwide and the Nationwide frame are federally.
An Introduction to Homeowners Insurance Presented by: INSERT NAME Financial Education Program on Insurance Nationwide and the Nationwide frame are federally.
8 Home and Automobile Insurance
© OnCourse Learning Chapter 24 : Property Insurance.
property coverage insurance  Damage to home or property  You should always insure your home and other expensive property  Property insurance covers.
Homeowners and Auto Insurance
PERF Objective 6.03-B Insurance & Housing Options Students will understand the need for PROPERTY INSURANCE to protect their assets.
Real Estate Principles and Practices Chapter 9 Marketing and Selling Real Estate © 2010 by South-Western, Cengage Learning.
8-1. McGraw-Hill/Irwin Focus on Personal Finance, 2e Copyright © 2008 by The McGraw-Hill Companies, Inc. All rights reserved. 8 Home and Automobile Insurance.
Intro to Business Chapter 34
Today’s Lecture #20 Homeowners Insurance Section I - Property Coverages Limit Coverage A - Dwelling$100,000 Coverage B - Other Structures 10,000 Coverage.
Property Insurance Chapter 39. Home and Property Insurance Home and Property Insurance protects you from three types of economic loss…  Damage to your.
© 2010 by Cengage Learning Chapter 24 _________ Property Insurance.
INSURANCE!. INSURANCE BASICS Life is full of RISK! You can’t eliminate risk, but you can manage it! Insurance Manages your risk of financial loss from.
0 Personal Finance Unit 4 Chapter 13 © 2007 Glencoe/McGraw-Hill DISASTROUS RESULTS Events such as hurricanes and tornados can cause widespread devastation.
Chapter © 2010 South-Western, Cengage Learning Property and Liability Insurance Property Insurance Automobile and Umbrella Insurance.
Chapter 8 Home and Automobile Insurance Copyright © 2010 by The McGraw-Hill Companies, Inc. All rights reserved.McGraw-Hill/Irwin.
Property Insurance. Insuring Your Valuable Property The main causes of property damage are accidents, theft, and vandalism. You can protect yourself from.
Insurance – Part II. Types of Disabilities Total Total Partial Partial Permanent Permanent Temporary Temporary Social Security Disability Income Total.
38.1 b a c kn e x t h o m e Chapter 38 Objectives  Explain the nature of life insurance and its normal limitation.  Define property insurance.  Identify.
INSURANCE Preparing for Life’s Unexpected Events.
Chapter 19 Principles of Real Property Insurance.
Chapter 8 In-Class Notes. Background on Insurance and Managing Risks Types of insurance Property insurance (auto and home insurance) Health insurance.
Section 2: Insurance. I CAN: Explain what types of insurance are available and why I need them Define the terms associated insurance.
Understanding Your Insurance HUB International Barton Insurance The Cottages on Osoyoos Lake.
6 - 1Copyright 2008, The National Underwriter Company Automobile and Recreational Vehicle Insurance  What is it?  Personal auto insurance  Specified.
Risk Management and Insurance. What is risk? The chance of loss from some type of disaster.
Real Estate Principles and Practices Chapter 9 Marketing and Selling Real Estate © 2014 OnCourse Learning.
Homeowners Insurance: The Basics. Homeowners policies also protect anyone named in the policy including: Also covers detached structures such as:
CHAPTER 39 PROPERTY INSURANCE. HOME AND PROPERTY INSURANCE Damage to home and property--fire, flood, vandalism, wind, lightning, etc. Additional living.
Chapter 10: Personal Property and Liability Insurance Chapter 10 Personal Property and Liability Insurance.
HOUSEHOLD INSURANCE. Renter’s Insurance  Protection of personal belongings; also provides liability coverage  Liability: Bodily damage or property damage.
© 2010 by Cengage Learning Chapter 24 _________ Property Insurance.
Homeowner’s/Renter’s Insurance Homeowner’s Insurance combines property and liability insurance into one policy to protect a home from damage costs due.
South-Western Publishing©2002 By Charles J. Jacobus Real Estate Principles Ninth Edition Real Estate: An Introduction to the Profession Ninth Edition South-Western.
Insurance. Property Insurance Includes your vehicle (truck, trailer, boat, motorized wheelchair), home (if you purchase home insurance – if you borrow.
Copyright ©2004 Pearson Education, Inc. All rights reserved.10-1 Homeowner’s Insurance Homeowner’s insurance: provides insurance in the event of property.
Terminology & Concepts Health & Disability Insurance Life Insurance Property & Liability.
DECEMBER 2, 2011 Objective: Students examine the rights and responsibilities of renters.
Chapter 14 Property Management and Insurance 2010©Cengage Learning. All Rights Reserved.
Homeowner’s/Renter’s Insurance  Homeowner’s Insurance combines property and liability insurance into one policy to protect a home from damage costs due.
Real Property Insurance Chapter 24.  Insured: Makes pmts  Premium: The payment  Insurer: The company responsible  Endorcement: Coverage for separate.
7 - 1Copyright 2008, The National Underwriter Company Personal Property Insurance  The homeowners policy  Covers the residence, property contained within.
Personal Finance.  The Concept of Risk Management  Planning an Insurance Program  General Insurance Terms  Homeowners Insurance  What’s covered?
Agribusiness Library LESSON L060085: PROPERTY INSURANCE.
Insurance 101 Personal Finance. Learning Goal To be able to define terms relating to insurance.
6.4. Property Owners Insurance Premiums Terms to know: Homeowner Insurance Dwelling Other Structures Personal Property Additional Living Expense Personal.
Chapter © 2010 South-Western, Cengage Learning Property and Liability Insurance Property Insurance Automobile and Umbrella Insurance.
Chelsea, Jessica, Austin, Forrest, Brittany, and Kaitlyn.
Auto Insurance Home Insurance Vocab 1 Vocab 2Auto Insurance Insurance Game
Chapter 10 Home and Automobile Insurance McGraw-Hill/Irwin Copyright © 2007 by The McGraw-Hill Companies, Inc. All rights reserved.
Real Estate Principles Tenth Edition Real Estate: An Introduction to the Profession Tenth Edition.
Automobile and Home Insurance Chapter 14 How Insurance Works How Insurance Works Insurance – risk-management tool that limits financial loss due to illness,
Property and Liability Insurance
Click here to advance to the next slide.
Affordable Car Insurance Lexington SC
8 Home and Automobile Insurance
Farmers Insurance Group
Home and Automobile Insurance
Chapter 6 Homeowners Insurance
Homeowner’s/Renter’s Insurance
Chapter 25 Section 2 Aaliyah Brown.
©OnCourse Learning.
Wednesday, April 5, 2017 Objective: Students will be able to evaluate the costs and benefits of buying insurance. Purpose: You will need insurance to protect.
Presentation transcript:

Chapter 24 Property Insurance __________________________

Insurance Terms Insured = Homeowner Insurer = Insurance Company Insurance Premium = Payment NOTE: Insurance is a contract

Homeowner Policy Fire insurance is the foundation of property damage policies. Main purpose typical homeowner policy (property damage) Contains coverage deemed by insurance experts to be the most useful to persons who own the home in which they live. Two types: all risk v. named peril insurance

Insured Risks Endorsements Hail Tornado Earthquake Riot Windstorm Smoke damage Explosion Glass break Water pipe leaks Vandalism Freezing Building collapse

Homeowner’s cont’d HO numbers (See text) Actual cash value v. Replacement Value NFIP Coverage beyond property damage: Liability Living Medical

Today’s cost to replace the damaged portion Insurance carried 80% RECOVERY x = Application of the Co-insurance Requirement

Other Insurance Tenant’s policy – provides coverage for personal property of renter. Condominium policy – covers personal property of owner.

Feedback: Privacy Policy Feedback
Do Not Sell My Personal Information
About project: SlidePlayer Terms of Service

© 2025 SlidePlayer.com. Inc. All rights reserved.