1. Chapter 6 Personal Risk Management

2. Slide 2 What Is Homeowner’s Insurance? Homeowner’s insurance protects the policyholder from risk of loss to a home and its contents. It covers three types of risk. o Fire and other hazards o Criminal activity o Personal Liability Acts of nature may not be covered. 6-3 Protecting Property

3. Slide 3 Home Inventory 6-3 Protecting Property Create a home inventory in case you need to file a claim.

4. Slide 4 How Does Insurance Protect Car Owners? 6-3 Protecting Property Automobile insurance protects a car owner from losses as a result of accidents and other events. Cost depends on model and style of car, age, and driving record of driver.

5. Slide 5 Types of Coverage 6-3 Protecting Property Full coverage is required if you have a car loan. It includes: o Liability o Collision o Comprehensive o Personal injury protection o Uninsured/Underinsured Motorist o Towing/Rental Car

6. Slide 6 How Can You Reduce Insurance Costs and Maximize Benefits? 6-3 Protecting Property Reducing costs can raise overall risk. Lower costs using strategies such as higher deductibles, buying online, or comparison shopping. Maximize benefits by reviewing your policy or getting umbrella coverage.