Insurance Basics

People take out insurance to minimise ____

________ insurance protects the personal belongings you have in your house should something happen, like theft.

The amount you have to pay each year to protect your assets with insurance.

• Premium

• Excess

• Sum Insured

The total amount you can claim if something goes wrong.

• Premium

• Excess

• Sum Insured

The amount that you have to pay if somethings goes wrong.

• Premium

• Excess

• Sum Insured

What is the benefit of having a high excess value?

• It increases the premiums that you have to pay.

• It reduces the risk of smething going wrong

• It reduces the premiums you have to pay each year.

Is your car protected with contents insurance?

• YES

• NO

If you want to protect your car from risk of theft or accidents, you have to have _______ insurance

The best type of vehicle insurance for 18 - 25yr old, to reduce their premiums, is

• 1st Party Insurance

• 2nd Party Insurance

• 3rd Party Insurance

• 4th Party Insurance

If something gets stollen from your car, which insurance do you need to have to get the item replaced?

• contents insurance

• vehicle insurance

• health insurance

• life insurance