1. Insurance Renter’s Automobile Life

2. Insurance Terms Highlight the following boxes in one color: 3 Across 1 Down 4 Down 7 Down 10 Down Highlight the following boxes in another color. 18 Across 25 Across 5 Down 11 Down

3. Renter’s Insurance Estimate the value of your stuff: Clothes $__________ (PJs, socks, shoes, jeans, shirts, etc.) Bedroom furniture $__________ (Bed, dresser, nightstand, lamps, etc.) Electronic Equipment $__________ (TV, computer, stereo, CDs, DVDs, etc.) Decorative $__________ (pictures, lighting, rugs, etc.) Grand Total $_____________

4. Key Terms: Proof of Loss (Schedule): verification of purchase (date of purchase, purchased from where, purchase amount). Premium: the amount paid or to be paid by the policyholder for coverage under the contract, usually in periodic installments. Deductible: an agreed upon amount, between you and your insurer, that you will pay before the insurance company pays anything. (Can be negotiated, at the time of insurance purchase, to make your premium lower... The higher the deductible, the lower the premium).

5. Key Terms Actual Cash Value (ACV): the current value of an item. (It's what you would get for something if you would try to sell it in the paper). Replacement Cost: the cost of an item, if it is replaced new from the store. Depreciates: the value of an item goes down with time.

6. Virtual Business Personal Finance http://www.knowledgematters.com/vbvideolinks/

7. Insurance Terms Highlight the following boxes in a different color than you used yesterday: 2 Across 6 Across 17 Across 8 Down 22 Down

8. Key Terms Conditions: the provisions of an insurance policy. Policy: common term for the written contract. Policyholder: one who owns an insurance policy. Burglary: theft due to forcible entry. Loss: reduction in the quality or value of property.

9. Automobile Insurance http://www.griffithfoundation.org/auto- insurance/auto-insurance-30-minutes/www.griffithfoundation.org/auto- insurance/auto-insurance-30-minutes

10. Why do you need insurance? It’s the law! There are risks you can’t afford to take What happens if… – You’re involved in a crash that causes property damage? – You hurt yourself or someone else? – Your car is damaged when you’re not driving it? (by weather, vandalism or a hit-and-run) – Your car is stolen? – Your car breaks down and needs to be towed?

11. Automobile Insurance Pays for damage to your vehicle in case of collision. Collision: Pays for damage to your vehicle in case of collision. Covers expenses if the at fault driver does not have coverage Uninsured Motorist: Covers expenses if the at fault driver does not have coverage hings (other cars and property) Property Damage Liability: Covers things (other cars and property) Covers medical and funeral expenses resulting from accidents with your vehicle Medical: Covers medical and funeral expenses resulting from accidents with your vehicle Compensates you for physical damage to your car, including theft, vandalism, natural disasters Comprehensive Physical Damage: Compensates you for physical damage to your car, including theft, vandalism, natural disasters Bodily Injury Liability: People costs (medical expenses, lost wages, pain and suffering) Bodily Injury Liability: People costs (medical expenses, lost wages, pain and suffering)

12. Insurance Terms Highlight the following boxes in a different color than you used yesterday: 12 Across 13 Across 15 Across 20 Across 27 Across 9 Down 19 Down 21 Down 24 Down

13. Key Terms Write: to insure, underwrite or accept and application for insurance Carrier: common policy term for the insurance company Coverage: known as the scope of protection Maturity: date at which life policy becomes payable Limit: maximum amount of benefits an insurer agrees to pay in the event of a loss Actuary: specialized mathematician professional who calculates insurance rates Rate: charge per unit in determining premiums Annuity: contract that provides income for life or a specified period of time Term: period of time for which a policy is issued