•You will hear an introduction of insurance. •As you listen, for questions 1--12, complete the notes, using up to three words or

There are several different kinds of insurance and many  people  purchase  insurance for  various purposes.  Insurance provides protection against risks.  But  not all  people  know  a  lot  about insurance.  So I’ll introduce four most common insurance today. They are: automobile insurance, homeowner’s insurance, health insurance, and life insurance.
      Automobile insurance: drivers must be financially responsible for any damage done by their vehicles. This means that if you are involved in an accident in which someone is injured or there is significant property damage, you must be able to pay for the damages. You can buy different types of automobile insurance including liability insurance and collision insurance. Because this can be very costly, drivers purchase automobile insurance.
      Homeowner’s insurance: because most homeowners could not afford to replace their home if it were destroyed, they carry insurance to cover. the  value  of  the  home  and  its  contents.  A homeowner’s policy may include protection against any  or  all  of  the  following:  fire,  lighting, windstorms, explosions, theft, and flood. Health insurance:  health insurance will pay for medical bills in the event of an accident causing injury.  There  are  three  basic  categories  of health-care  coverage.   Major  medical-expense coverage  is  designed  to  protect  against  large unpredictable medical expenses. Disability income insurance provides cash benefits to the policyholder for living expenses if the policyholder is unable to work.
      Life insurance:  life insurance is purchased to protect dependents of the policyholder in the event of his or her death. There are four basic types of life insurance. Term insurance insures the lite of the policyholder for a specific period of time, usually one to five years.  Whole life insurance builds up a cash value over the years. Endowment life insurance provides both protection and savings, with most of the emphasis on savings. The primary purpose of this type is to build up savings for some future purpose such as supplementary income during retirement.