FEMA Presentation By: Anthony Costa, Khemraj Sookram, Roger Vieira, Rushiraj Parikh, and Emad Shalabi.

Slides:



Advertisements
Similar presentations
Home Owners Insurance Basics What is it and why do we need it.
Advertisements

What are several ways you can suffer financial loss when you own a home?
PART 3: PROTECTING YOURSELF WITH INSURANCE Chapter 10 Property and Liability Insurance.
Property Insurance Chapter 39. Home and Property Insurance Home and Property Insurance protects you from three types of economic loss…  Damage to your.
0 Personal Finance Unit 4 Chapter 13 © 2007 Glencoe/McGraw-Hill DISASTROUS RESULTS Events such as hurricanes and tornados can cause widespread devastation.
Insurance Basics Home Automobile Medical & Life. Insurance Basics Learning the Language of Insurance.
Master Policy and Unit Owner Policy June 11, 2015 Insurance.
INSURANCE Preparing for Life’s Unexpected Events.
© Take Charge Today – August 2013 – Types of Insurance – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer.
Homeowners Insurance: The Basics Mobile Home Apartment House Condominium.
© Family Economics & Financial Education – Updated May 2012 – Types of Insurance – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton.
© 2013 Pearson Education, Inc. All rights reserved.10-1 Chapter 10 Property and Liability Insurance.
© Family Economics & Financial Education – Revised May 2011– Insurance Unit – Types of Insurance– Slide Funded by a grant from Take Charge America, Inc.
Auto Insurance Information Mr. Blais Law and You.
___________________________________________________ ___________________________________________________ ___________________________________________________.
Risk Management and Insurance. What is risk? The chance of loss from some type of disaster.
Roumen Galabinov Chairman. Currently about 8% of the 3.6 million homes in Bulgaria are insured against natural disasters as earthquakes and floods. Although.
TYPES OF INSURANCE. WHY IS IT IMPORTANT TO HAVE INSURANCE? Risk - chance of loss from an event that cannot be entirely controlled Emergency savings -
FEMA Presentation By: Rushiraj Parikh Anthony Costa Roger Vieira Khemraj Sookram Emad Shalabi.
By : Amerika Horton. Homeowners Insurance I chose this type of insurance because mainly everyone who has a home should have this type of insurance on.
AUTO INSURANCE INSURANCE= GUARDS AGAINST BIG LOSSES.
Objectives: Students will be able to understand the importance of insurance Students will be familiar with the various factors that determine the cost.
Homeowners Insurance Business & Personal Finance.
Lesson 18 Insurance. Today’s Learning Objective What are the main types of insurance? Insurance Basics Auto Insurance Renter’s Insurance Homeowner’s Insurance.
Dollars & Sense. Risk is what makes you decide whether or not you need insurance. Risk is what insurance companies measure when determining whether.
SESSION 19: INSURING Talking Points Insuring 1. Insurance is a product that allows people to pay a fee (called a premium) now to transfer the costs of.
GO PANTHERS!!!!.  To protect yourself against financial loss (including the cost of your legal defense)  You can buy Bodily Injury Liability Coverage.
© Take Charge Today – August 2013 – Types of Insurance – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer.
Personal Finance.  The Concept of Risk Management  Planning an Insurance Program  General Insurance Terms  Homeowners Insurance  What’s covered?
© Take Charge Today – August 2013 – Types of Insurance – Slide 1 Funded by a grant from Take Charge America, Inc. to the Norton School of Family and Consumer.
Earthquake Insurance 101 By American Tri-Star Insurance Services.
Monday, November 30, 2015 Objective: Students will be able to evaluate the costs and benefits of buying insurance. Purpose: You will need insurance to.
Are You Over or Under Insured? Over or Under Insured Axis Capital Group Insurance Jakarta, Hong Kong, Kuala Lumpur.
Types of Insurance Advanced Level.
Click here to advance to the next slide.
Insurance Econ 10/23.
Types of Insurance Advanced Level.
Calculating Deductibles and Co-Insurance
Types of Insurance Advanced Level.
Calculating Deductibles and Co-Insurance
Insurance What is Insurance?
What if you couldn’t work?
Insurance What is Insurance?
Types of Insurance Advanced Level.
Types of Insurance Advanced Level.
Buying Insurance Chapter 22 2/17/2019.
Basics Home Automobile Medical & Life
“Take Charge of Your Finances” Advanced Level
Types of Insurance Advanced Level.
“Take Charge of Your Finances” Advanced Level
Types of Insurance Advanced Level.
Types of Insurance Advanced Level.
“Take Charge of Your Finances” Advanced Level
Types of Insurance Advanced Level.
Calculating Deductibles and Co-Insurance
Types of Insurance Advanced Level.
“Take Charge of Your Finances” Advanced Level
Types of Insurance Advanced Level.
Types of Insurance Advanced Level.
Types of Insurance Advanced Level.
Types of Insurance Advanced Level.
Types of Insurance Take Charge.
Types of Insurance Advanced Level.
Types of Insurance Advanced Level.
“Take Charge of Your Finances” Advanced Level
Types of Insurance Advanced Level.
Types of Insurance Advanced Level.
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.
Types of Insurance Advanced Level
What are some different types of insurance, and why do you need them?
Presentation transcript:

FEMA Presentation By: Anthony Costa, Khemraj Sookram, Roger Vieira, Rushiraj Parikh, and Emad Shalabi

What is FEMA FEMA is one of the nation's safety net programs, this system offers protection for the countries citizens by providing a series of protective encoded procedures. FEMA stands for the Federal Emergency Management Agency. The title is executed as mentioned, this organization finds multiple ways to resolve widespread pandemonium and inform the citizens on what precautions to partake in prior to any natural disaster. FEMA has unquestionably saved numerous lives.

Which states are the most susceptible to Earthquakes?

What Aid Will FEMA Provide?

Will homeowners Insurance cover a natural disaster of the sort? Unfortunately, a standardized version of homeowners insurance does not offer an earthquake coverage plan. In order to get financial security for an earthquake related accident one must have a subscription to a company that offers such coverage. Here a few things one should be aware of about Earthquake insurance: Earthquake insurance: Six things you need to know. (1-4) 1. Unlike homeowners insurance, you can't choose your deductible.With earthquake coverage, your deductible is based on a percentage of your overall policy limit. 2. With earthquake coverage, contents are typically covered only to a set dollar amount, such as $5,000. To some degree, that's logical -- your sofas and beds are unlikely to be destroyed in a quake, as they are in a fire. 3. The typical quake policy does not cover the loss of landscaping, pools, fences, and separate structures (including garages) -- and is likely to exclude claims for broken chandeliers, crystal and china. 4. Typically insurers limit this coverage to 20% of the dwelling limits or base it on a set amount of time, such as 12 to 24 months following the disaster. Loss-of-use limits in quake coverage are far more restrictive. Usually, the loss of use coverage is set at a dollar amount that can be as low as $1, Uncovered losses don't count toward the deductible 6. In areas like Virginia and the Midwest, where quakes are rare, you can get coverage for as little as 50 cents per $1,000 in coverage, or roughly $250 annually for $500,000 in coverage. But the cost soars on the West Coast where it can cost $15 per $1,000 in coverage, or roughly $7,500 for a $500,000 policy.