Insurance Options Andrew Steffy Property Insurance Real Property

Insurance Options Andrew Steffy

Property Insurance Real Property Personal Property • Fixed property, principally land buildings. • Movable property; belongings exclusive of land buildings. • This can include crops, since they are attached to the ground. • This can be a couch, chairs, bed, clothing, and so on. • Coverage will cover the costs of repairing or replacing damaged or destroyed property. • Coverage will cover the cost of repairing or replacing damaged or destroyed property.

Auto Insurance • Bodily Injury: insurance that covers damage done to you or another in a motor vehicle accident. • Property Damage: insurance that covers damage done to you vehicle in an accident. • Comprehensive: insurance that covers damage done to your vehicle from causes other than a collision or accident. • Collision Coverage: insurance that protects your won car against damage from accidents. • Uninsured/Underinsured: insurance that pays for your injuries when the other driver is legally liable, but is unable to make payments. • Medical Payments Coverage: Insurance that covers your medical payments.

Health Insurance • Basic Health Insurance: insurance that includes medical, hospital, and surgical costs. • Major Medical: insurance that provides protection against the catastrophic expenses of a serious injury or illness. • Dental & Vision: Coverage that pays for basic dental services (exams, cleanings, x-rays, fillings), and often pays for exams for eye disease as well as for prescription adjustments and lenses.

Disability & Life Insurance • Group Disability: least expensive. In many cases, employer pays for part of the plan. • Social Security: Medicare. Taken out of your paycheck every month, and does not go strictly to retirement. • Worker’s Comp. : Insurance that covers your expenses if your injury or illness is resulted from your job. • Temporary Life Insurance: life insurance that only lasts for a specified period of time. Used upon the death of the insurer. • Permanent Life Insurance: remains in effect for the insured’s lifetime, and builds a cash value. Used upon the death of the insurer.

My Insurance Company • As a young adult, I would choose Liberty Mutual Insurance to be my provider for most of my coverage.

Farmers : Property Insurance • Your home is where you hang your hat, where your family sleeps, and where you keep your valuable and meaningful belongings. When it comes to protecting your investments, there are few things more important than insuring your home. • That’s because Homeowners insurance can help you: • Cover your property and possessions if they’re damaged or destroyed by a covered loss. • Protect your assets if you’re sued for your alleged negligence that caused an accidental resulting in property damage or injury to another.

Farmers: Auto Insurance • When deciding on your Auto insurance policy or making changes to your coverage, it’s important to understand what each option does, and how it would work if you ever needed it. Some coverages are required by your state, while others are extra options you may want to expand your coverage.

Farmers: Auto Insurance (continued) Some coverages include: • Liability Coverage • Collision Coverage • Comprehensive Coverage • Uninsured/Underinsured Motorist Coverage • Medical Payments • Personal Injury Protection

Farmers: Life Insurance • Life is all about options and choices, and so is Farmers Life® insurance. With a variety of coverage options and products, you can find the coverage that you want for your family and your needs. • Understand the difference between Term and Permanent coverage. • See which term coverage options there are, for generally the greatest amount of coverage at the lowest initial cost. • See which types of whole life insurance options there are, for permanent coverage and cash value accumulation. • See which types of universal life insurance options there are, to help meet your current and future financial needs.

Health Insurance: Blue Cross Blue Shield • Blue Cross Blue Shield will cover my medical and dental expenses until I turn 25, under my father’s Law Enforcement benefits.