Personal Finance #7-Insurance-Home & Car

Learn risk mitigation strategy & how homeowners insurance and car insurance are used from a Certified Public Account CPA

What you'll learn
Define insurance
Implement a risk mitigation strategy
Construct a personal insurance plan
Define property insurance and explain how it fits into a risk mitigation strategy
Define liability insurance and how it fits into a risk mitigation strategy
Describe homeowners insurance and how it fits into a risk mitigation strategy
Describe renter's insurance and how it fits into a risk mitigation strategy
Describe car insurance
List the components of car insurance
Describe which types of car insurance may be required by law and why
Requirements
None
Description
This course focuses on personal finance decisions related to home and car insurance.We will discuss the concept of insurance in general and how insurance fits into a personal finance strategy designed to medicate risk.The course will define and explain property insurance and factors to consider when implementing property insurance planning.We will also discuss liability insurance and how it fits into our risk management strategy.Learners will be able to define homeowners’ insurance and how to use it. We will also discuss renter’s insurance, comparing and contrasting homeowners insurance and renters insurance. The course will define car insurance, break down car insurance components, and discuss which kinds of insurance may be legally required and why.For those components of car insurance that are not legally required, we will consider when it may still be appropriate to purchase them in accordance with our personal risk mitigation strategy. We will also have practice problems, including downloadable Excel Workbooks, which users may also open using Google Sheets.The Excel Workbooks will generally have at least two tabs. One tab will have the answer key so learners can deconstruct the problem. The second tab is where we work the practice problem step-by-step along with the instructional videos.

Overview

Section 1: Presentations- Insurance- Home and Car

Lecture 1 8760 What is Insurance

Lecture 2 8770 Risk Terminology

Lecture 3 8780 Risk Management Strategies Overview

Lecture 4 8790 Personal Insurance Plan Overview

Lecture 5 8800 Property Insurance

Lecture 6 8820 Property Insurance Planning

Lecture 7 8840 Liability Insurance

Lecture 8 8845 Liability Insurance Companies

Lecture 9 8850 Homeowners Insurance

Lecture 10 8855 Renter's Insurance

Lecture 11 8857 Car Insurance

Lecture 12 8858 Car Insurance Companies

Lecture 13 8860 Automobile Insurance

Lecture 14 8861 Automobile Insurance Part 2

Lecture 15 8875 Actual Cash Value

Section 2: Practice Probs

Lecture 16 8020 Cash Value Insurance Payment Calculation

Lecture 17 8040 Coinsurance Provision Payment Calculation

Lecture 18 8060 Car Insurance Payment Calculation

Lecture 19 8090 Homeowner’s Insurance Coverage for Personal Belongings Payout Calculation

Lecture 20 8110 Recovery Period for Maintenance to Reduce Insurance Premium

Section 3: Excel Probs

Lecture 21 8020 Cash Value Insurance Payment Calculation

Lecture 22 8040 Coinsurance Provision Payment Calculation

Lecture 23 8060 Car Insurance Payment Calculation

Lecture 24 8070 Insurance Payment Calculation Property Damage

Lecture 25 8080 Savings from Insurance Discount Calculation

Lecture 26 8110 Recovery Period for Maintenance to Reduce Insurance Premium

Lecture 27 8215 Comp. Prob. Part 2 – Balance Sheet

Lecture 28 8217 Comp. Prob. Part 3 – Income Statement Accrual vs Cash Basis

Lecture 29 8220 Comp. Prob. Part 4 – Estimated Property Insurance Needed

Individual,Personal financial advisors