Post on 24-Dec-2015
transcript
Objective
• Given instruction, the learner will explore the functions and benefits of different types of insurance with 85% accuracy.
Pre- “Qs?”
• What are the basic types of car insurance coverage?
• What are some ways to control your car insurance premiums?
• What steps should you take if you have an take if you have an accident?
Competing Auto Insurance Commercials
• All-State -Pink SUV Mayhem: https://www.youtube.com/watch?v=5-Sjld5yy3Q
• All-State - GPS Mayhem: https://www.youtube.com/watch?v=tZXM_g3mqew&NR=1
• State Farm® - "Magic Jingle Anniversary”: https://www.youtube.com/watch?v=I79Jmgb8nyw
• Progressive: https://www.youtube.com/watch?v=DcmdW4H_WSQ
Auto Basic Coverage
• Liability Coverage means you are responsible for damages caused. It protects you (the insured) against any claims for injury or damage to another person’s property.“Two types of Liability”– Bodily injury liability – Property insurance
• Both are required
Liability CoverageBodily Injury Liability Coverage
• If the car injures or kills someone else (passengers in your own vehicles, or pedestrians) bodily injury liability coverage will pay for the expenses related to the accident.
Property Damage Liability Coverage
• When personal property is damaged in an accident, and you are at fault, property damage liability coverage pays for the repairs or replacement.
Optional Coverage
• Collision Coverage• Comprehensive Coverage• Medical Payments and Personal
Injury Protection (PIP)• Uninsured/Underinsured Motorist
Coverage
Premium
• The rate charged for an insurance policy.Factor that Effects the Premium:– The Driver–Where you Live– How Much You Drive– The Vehicle
Controlling Insurance Costs
• Keep your drive record clean • Qualify for a good student discount• Chick for safety feature discounts• Take advantage of multiple-car or
multiple-policy discount• Consider increasing deductibles• Compare options
If an Accident Occurs!1. First , be safe. 2. Call the police and
ambulance3. Exchange Information4. Call your insurance
company5. Know your insurance
coverage.
Remember that insurance claims are not always settled quickly and to the satisfaction of the policyholder.
Post – “Qs?”
• What is the basic coverage?• What are some additional coverage?• What is a premium?• If you are in a car accident name
some steps you must take.
Assignment
• Research 3 insurance agencies of your own choice. For each agencies, name 3 coverage policies that are offered by the company. Use Microsoft Words and turn in at the end of class.