Saturday, February 22, 2014

February 21 - Online Discussion Question 3

Identify and describe the seven basic types of insurance coverage needed.

12 comments:

  1. homeowners: covers your home and belongings in the case of a fire, break in, etc.
    auto: covers liability and your car in the case of a crash
    health: covers medical costs
    disability: income replacement due to short term or permanent disability
    long-term care: in-home or assisted living care
    identity theft: covers your assets in the event of a stolen identity
    life: replaces income lost due to death

    travis

    ReplyDelete
  2. Homeowner's insurance takes care of homes, and items of your home.

    Auto insurance takes care of your car if you get into a crash.

    Health insurance will cover your medical bills

    Disability income will replace your income in case of short term or permanent disability that prohibits you from working.

    Long Term care invests with in home or assisted living care when the time occurs.

    Identity Theft covers your assets if your identity is stolen.

    Life insurance will replace your income when you die.

    ReplyDelete
  3. The seven basic types of insurance needed are:
    1. Homeowner's insurance, which covers losses due to damage, theft, and/or injury.
    2. Auto insurance, which protects a car owner in case of an accident.
    3. Health insurance, which covers you in case you get hurt or sick.
    4. Disability insurance, which takes care of a worker in case he's disabled and can't work anymore.
    5. Long-Term Care, which covers the price of nursing homes. It's recommended for people at 60 years of age.
    6. Identity Theft insurance, which covers you in case your identity is "stolen." Such as if your credit card is stolen and used by someone else.
    7. Life insurance, which will replace income when you die.

    Autumn

    ReplyDelete
  4. homeowners: covers your home and belongings in the case of a fire, break in, etc.

    auto: covers liability and your car in the case of a crash

    health: covers medical costs

    disability: income replacement due to short term or permanent disability

    long-term care: in-home or assisted living care

    identity theft: covers your assets in the event of a stolen identity

    life: replaces income lost due to death

    ReplyDelete
  5. 1) Homeowner's Insurance: covers the cost to repair/replace your home and belongings in the case of a fire, robbery, flooding, or other disaster.

    2) Auto Insurance: there are several aspects to auto insurance, but its purpose is to pay for medical bills as the result of a crash and for repairs or replacement of a vehicle that was damaged in a collision or other accident (like a tree falling on it). The liability part of it covers the medical bills for the other guy.

    3) Health Insurance: pays for medical bills

    4) Disability Insurance: covers the majority of lost income as the result of a disability that prevents one from working.

    5) Long-Term Care Insurance: in home or assisted living care for elderly people.

    6) Identity Theft Protection: covers your money when your identity is stolen, provides someone to fix the mess.

    7) Life Insurance: will replace income lost by other family members when one of the policy holders dies.

    ReplyDelete
  6. 1. Homeowners Insurance: Your home and belongings are insured against fire or water damage, robbery, and any other type of damage or disaster.
    2. Auto Insurance: Depending on what your insurance includes, your car and other's cars are insured for any damages within a collision. Also, your car is insured for any repairs needed, and you can get insurance to cover any medical bills that are acquired because of a collision.
    3. Health Insurance: Covers medicals bills for various health problems.
    4. Disability Insurance: Replaces income lost due to a short-term or permanent disability.
    5. Long-term Care Insurance: Covers nursing home, assisted living facilities or in-home care costs.
    6. Identify Theft Protection: Covers credit report monitoring, restoration services with a counselor to clean up any mess that would accompany an identity theft.
    7. Life Insurance: Replaces lost income due to death.

    ReplyDelete
  7. Homeowner's: your home and belongings are insured
    Auto: your car and possibly other's cars are insured for damages with a crash. Also, insured for repairs needed.
    Health: covers medical bills for different health problems
    Disability: replaces lost income due to short-term/permanent disability
    Long-term Care: covers nursing homes, assisted living facilities or in-home care costs
    Identity Theft: covers credit report monitoring and restoration services.
    Life: replaces income lost due to death

    ReplyDelete
  8. Homeowners: insures your home from damages and injuries.
    Life: Provides lost income due to death.
    Auto: Your car and other's cars, depending on plan are covered for repairs due to crashes.
    Disability: provides restorating lost income due to short or long term disability.
    Health: provides money to pay for various health problems.
    Long-term care: pays for assisted living or nursing homes.
    Identity theft: provides restoration and credit monitoring.

    ReplyDelete
  9. 1. Homeowners: It covers your home and belongings in the case of a fire or break in.
    2. Auto: It covers liability and your car in the case of a crash
    3. Health: It covers medical costs
    4. Disability: Income replacement due to short term or permanent disability
    5. Long-term care: In-home or assisted living care
    6. Identity theft: It covers your assets in the event of a stolen identity
    7. Life: Replaces income lost due to death

    ReplyDelete
  10. Homeowners. Covers your house and everything you own
    Auto. Covers your car and any other car that you get in an accident with
    Health. Covers medical needs
    Disability. Replaces income if you are unable to work
    Long-term care. Covers nursing home cost or assisted living
    Identity theft. Covers you if your identity is stolen
    Life. Replaces income if you die

    eyezik

    ReplyDelete
  11. Homeowners: covers your house and your stuff.
    Auto: covers your car and the car you might get in a accident with.
    Health: Covers your medical needs.
    Disability: Covers you if you are unable to work for yourself because of a injury.
    Long-term care: Cover a nursing home and/or assisted living.
    Identity theft: Covers you if your id is stolen
    Life: Replaces income for your family if you die.

    ReplyDelete
  12. Life insurance: upon death the persons family gets paid per month for lost of income.
    Homeowner's and Auto insurance: insurance to replace lost or damaged house or auto.
    Health insurance: Helps pay for doctor visits and health problems
    Disability insurance: Replace income for someone who has been disability
    Long-term care insurance: helps pay for you when you need long term care or nursing home bills
    Identity theft protection: Protection from the pains of having your identity stolen.
    Adam

    ReplyDelete