PROPERTY INSURANCE
English for
Business
Class # 12
Homework
Review
MIND MAP
What words come to mind
when you think about
Property insurance ?
I have never ….
Rules:
1. All students in the class should start this activity holding five fingers
in the air.
2. The one who goes first tells the class one thing that he/she has
never done.
3. The students who have done that activity should put a finger down
and tell the class a story about this activity.
What is property insurance
Property insurance is an umbrella term. It covers
several different types of insurance policies, and they
all have individual guidelines.
It provides coverage for property owners or renters.
4 major types of property
insurance policies
Homeowners Renters
Insurance Insurance
Condo/Co-
Landlord
Op
Insurance
Insurance
6
WHAT DOES
HOMEOWNERS
INSURANCE COVER?
DWELLING
LIABILITY TO
OTHERS
PERSONAL MEDICAL
PROPERTY PAYMENTS
LOSS OF USE
OTHER STRUCTURES SUCH
Damage types covered
by homeowners'
insurance. 1. Fire and lightning
2. Windstorm and hail
3. Explosion
4. Riot or civil commotion
5. Aircraft
6. Vehicles
7. Smoke
8. Vandalism
9. Theft
10. Volcanic eruption
11. Falling objects
12. Weight of snow
4 major types of property
insurance policies
Homeowners Renters
Insurance Insurance
Condo/Co-
Landlord
Op
Insurance
Insurance
1
WHAT DOES
RENTERS
INSURANCE COVER?
Renters insurance
Renters insurance helps protect you and your belongings if the unexpected happens.
A landlord’s insurance covers the building, but not your personal things.
What type of damage What items are covered by renters'
does renters' insurance?
insurance cover?
•Fire •Electronics and appliances (television, computer,
•Smoke damage etc.)
•Vandalism •Furniture and clothing
•Theft •Accidental damage to someone else's property
•Windstorm •Medical expenses and/or legal fees if someone is
•Water damage injured at the residence you're renting
•Visitor injuries
4 major types of property
insurance policies
Homeowners Renters
Insurance Insurance
Condo/Co-
Landlord
Op
Insurance
Insurance
1
WHAT DOES CONDO
INSURANCE COVER?
Condo insurance
Owning a condominium is an important responsibility, so you should consider how to protect
your unit and personal property. Your condo or co-op association's master policy covers the
exterior structure, but it doesn't cover what's inside your condominium unit.
Personal Property Unit Coverage Personal Liability
A condo or co-op policy The association's master Your personal liability
can help protect your policy often includes the policy includes medical
personal property: outside structure of the payment coverage for
unit. However, you might people who don't live
•Furniture need to protect your with you and get injured
•Clothing additions, renovations and on your property.
•Electronics upgrades :
•Jewelry, etc.
•Hardwood flooring
•Interior walls
•Cabinets
4 major types of property
insurance policies
Homeowners Renters
Insurance Insurance
Condo/Co-
Landlord
Op
Insurance
Insurance
1
WHAT DOES
LANDLORD
INSURANCE COVER?
Landlord’s insurance
Landlord insurance helps protect you financially from damages or injuries related to a rental
property.
Consider the rental experience you offer and the tenant types. Three common situations are:
•Long-term rental (more than 6 months)
•Occasional short-term rental
•Frequent short-term rental (ex. Airbnb)
Property Investment Personal Protection
Whether you rent a single-family In the event of a covered loss,
home, condo, or townhouse, landlord insurance may also cover:
landlord insurance covers:
•Lost rent payments if property
•Damage to the residence. repairs result in a temporary
•Damage to permanent structures vacancy.
on the property or onsite property •Liability coverage if someone is
maintenance equipment. injured on the property.
THANK YOU !
