From the course: Financial Basics Everyone Should Know
Join today to access over 22,700 courses taught by industry experts or purchase this course individually.
The basics of property insurance
From the course: Financial Basics Everyone Should Know
The basics of property insurance
- [Instructor] Homeowners insurance and auto insurance are often bundled together, because both help to protect you from losses related to two of your valuable possessions, your home and your car. Homeowners insurance and auto insurance both fall under the umbrella of property and casualty or P and C insurance. Remember, this insurance is generally not optional. If you have a car, you must have car insurance by law. If you have a house, and you have a mortgage on it, the bank will generally require that you carry homeowners insurance. So P and C is more a question of which policy than whether or not you want to carry one. There are several key terms you might want to consider when evaluating which P and C option is right for you. The first term you should be familiar with is the premium. The premium is the amount that you must pay to the insurance company each month. The level of premiums will range based on your property value and the choices that you make in your policy. The…
Practice while you learn with exercise files
Download the files the instructor uses to teach the course. Follow along and learn by watching, listening and practicing.
Download courses and learn on the go
Watch courses on your mobile device without an internet connection. Download courses using your iOS or Android LinkedIn Learning app.