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Ch 21: Personal Insurance Coverage

About This Chapter

In this chapter, our expert instructors show you the basics of personal insurance coverage through a series of simple, short and engaging lessons. Review this chapter to improve your insurance knowledge for an upcoming exam, class assignment or personal use.

Personal Insurance Coverage - Chapter Summary

If you need to study personal insurance coverage types, you're in the right place. This series of short and expertly taught lessons clearly lays out the fundamentals of life, health, property, liability, disability and unemployment insurance. You'll take a look at illustrative examples and explore the significance of these personal insurance options. Upon completion of the chapter, you should be able to:

  • Outline methods for choosing a life insurance policy
  • Describe the components of personal property and liability insurance
  • Compare types of health insurance options
  • Differentiate between short-term and long-term disability insurance
  • Explain the significance of unemployment insurance

To help you retain the information, we've included short quizzes throughout the chapter. You can revisit the lessons as many times as needed, and if you have any questions as you work through the chapter, don't hesitate to reach out to our subject-matter experts. Each video lesson comes with a transcript, and the chapter is accessible on any device that has an Internet connection.

5 Lessons in Chapter 21: Personal Insurance Coverage
Test your knowledge with a 30-question chapter practice test
Choosing a Life Insurance Policy

1. Choosing a Life Insurance Policy

In this lesson, we'll discuss the purpose and benefits of life insurance, as well as the factors that affects its cost. You'll also learn about the two main types, term life insurance and whole life insurance.

Personal Property & Liability Insurance

2. Personal Property & Liability Insurance

In this lesson, we'll define liability and discuss how liability insurance can protect your personal property. You'll learn about four different types of liability coverage: homeowner, renter, auto and personal umbrella policies.

Health Insurance: Types & Concept

3. Health Insurance: Types & Concept

Did you know that there are an estimated 1 billion health insurance claims filed each year? Learn more about the different types of health insurance that are available in the United States.

Long-Term & Short-Term Disability Insurance

4. Long-Term & Short-Term Disability Insurance

Have you ever wondered how people are able to pay their bills if they suddenly cannot work due to illness or injury? In this lesson, we'll define long-term and short-term disability. You'll also learn about the activities of daily living and Social Security benefits.

Unemployment Insurance: Definition and Significance

5. Unemployment Insurance: Definition and Significance

While no one wants to think about it, it is likely that most people will face some period of unemployment during their working lives. In this lesson, you'll learn about unemployment compensation and its significance to employers, employees and the economy.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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