Presentation is loading. Please wait.

Presentation is loading. Please wait.

Automobile Insurance: The Basics. What is the likelihood you will be in an automobile accident?

Published byJustin Carr Modified over 8 years ago

Similar presentations

Presentation on theme: "Automobile Insurance: The Basics. What is the likelihood you will be in an automobile accident?"— Presentation transcript:

1 Automobile Insurance: The Basics

2 What is the likelihood you will be in an automobile accident?

3 Automobile Insurance: The Basics Even a minor accident can result in thousands of dollars in damages

4 Automobile Insurance: The Basics If you are in an accident how do you pay for it?

5 Automobile Insurance: The Basics What is Automobile Insurance?

6 Why do I need auto insurance

7 Automobile Insurance: The Basics Are you a risk to the insurance company?

8 Automobile Insurance: The Basics What is the insurance company looking for?

9 Automobile Insurance: The Basics What determines your premium?

10 What are third-party coverages? Types of Automobile Insurance Coverages

11 What are first-party injury coverages? Types of Automobile Insurance Coverages

12 What are first-party property coverages? Types of Automobile Insurance Coverages

13 What is a Deductible?

14 Automobile Insurance: The Policy

15 Five parts to an insurance policy Automobile Insurance: The Policy

16 Automobile Insurance: Accidents

17 Steps to take after an accident Help anyone who is injuredHelp anyone who is injured You have an ethical and legal responsibilityYou have an ethical and legal responsibility Notify the policeNotify the police Prevent further accidentsPrevent further accidents Protect the accident sceneProtect the accident scene Record informationRecord information Exchange information with the parties involvedExchange information with the parties involved Take note of time, location, weather, and road conditionsTake note of time, location, weather, and road conditions

18 It is important that the accident is reported promptly to the insurance agent or company The policy will guide the insured on the correct steps to take to report the claim The company will guide the insured through the process Filing a Claim

19 When you are liable for an accident Filing a Claim

20 Automobile Insurance: The Basics What can you do to reduce risk and lower premiums?

Download ppt "Automobile Insurance: The Basics. What is the likelihood you will be in an automobile accident?"

Similar presentations

The Fundamentals of Insurance Ch.32 – South Western 1997.

The Fundamentals of Insurance Ch.32 – South Western 1997.
Automobile Insurance: The Basics. What is the likelihood you will be in an automobile accident? There are more than 12 million motor vehicle accidents.

Automobile Insurance: The Basics. What is the likelihood you will be in an automobile accident? There are more than 12 million motor vehicle accidents.
Are You Ready to Drive? Ask yourself…Ask yourself… –Do I have a license? –Is my car registered? –Am I covered by auto insurance?

Are You Ready to Drive? Ask yourself…Ask yourself… –Do I have a license? –Is my car registered? –Am I covered by auto insurance?
Auto Insurance. Insurance Basics Insurance is a way of planning for the unknown Why do we need auto insurance? Accidents can be VERY expensive.

Auto Insurance. Insurance Basics Insurance is a way of planning for the unknown Why do we need auto insurance? Accidents can be VERY expensive.
Ch 2.1 Auto Insurance Automobiles & Risk In America… 40,000 Americans DIE each year 40,000 Americans DIE each year 3,000,000 Americans are injured each.

Ch 2.1 Auto Insurance Automobiles & Risk In America… 40,000 Americans DIE each year 40,000 Americans DIE each year 3,000,000 Americans are injured each.
Auto Claims The at fault driver of a vehicle that damages other property or injures other people is liable for the cost of repairs. North Carolina financial.

Auto Claims The at fault driver of a vehicle that damages other property or injures other people is liable for the cost of repairs. North Carolina financial.
Collisions and Insurance. Stop immediately Assist the injured Control the scene Notify the police Exchange information Duties If Involved in a Crash Notify.

Collisions and Insurance. Stop immediately Assist the injured Control the scene Notify the police Exchange information Duties If Involved in a Crash Notify.
Auto Insurance. Why It’s Needed Accidents are expensive Car theft is common It’s required by law (in most states)

Auto Insurance. Why It’s Needed Accidents are expensive Car theft is common It’s required by law (in most states)
1. Comprehensive Coverage – includes all physical damage losses except collision and other specified losses. Usually includes.

1. Comprehensive Coverage – includes all physical damage losses except collision and other specified losses. Usually includes.
Chapter 12 Property and Liability Insurance The Concept of Liability Liability is the financial responsibility one person has to another in a situation.

Chapter 12 Property and Liability Insurance The Concept of Liability Liability is the financial responsibility one person has to another in a situation.
Insurance & Risk Management. Can You Believe?  The number of insurance claims for auto accidents involving teens is ____% higher than those for adults.

Insurance & Risk Management. Can You Believe?  The number of insurance claims for auto accidents involving teens is ____% higher than those for adults.
Homeowners and Auto Insurance

Homeowners and Auto Insurance
Managing Your Personal Finance UNIT 2: GETTING YOUR FIRST CAR Topic: CAR INSURANCE.

Managing Your Personal Finance UNIT 2: GETTING YOUR FIRST CAR Topic: CAR INSURANCE.
Auto and Home Insurance Click to add subtitle. Objective Given instruction, the learner will explore the functions and benefits of different types of.

Auto and Home Insurance Click to add subtitle. Objective Given instruction, the learner will explore the functions and benefits of different types of.
Automobile Insurance: The Policy. A common mistake when shopping for automobile insurance is looking only at the price between two policies Policies differ.

Automobile Insurance: The Policy. A common mistake when shopping for automobile insurance is looking only at the price between two policies Policies differ.
Insurance Is protection for individuals against possible financial losses Provides protection against many risks such as unexpected property loss, illness.

Insurance Is protection for individuals against possible financial losses Provides protection against many risks such as unexpected property loss, illness.
1 Automobile Insurance: The Basics. Objectives Identify important types of motor vehicle insurance coverage. Explain factors that affect the cost of motor.

1 Automobile Insurance: The Basics. Objectives Identify important types of motor vehicle insurance coverage. Explain factors that affect the cost of motor.
Managing Your Personal Finance UNIT 3:3 GETTING YOR FIRST CAR Topic: CAR INSURANCE.

Managing Your Personal Finance UNIT 3:3 GETTING YOR FIRST CAR Topic: CAR INSURANCE.
Automobile Insurance: The Basics. What is the likelihood you will be in an automobile accident? There are more than 12 million motor vehicle accidents.

Automobile Insurance: The Basics. What is the likelihood you will be in an automobile accident? There are more than 12 million motor vehicle accidents.
Chapter 8 In-Class Notes. Background on Insurance and Managing Risks Types of insurance Property insurance (auto and home insurance) Health insurance.

Chapter 8 In-Class Notes. Background on Insurance and Managing Risks Types of insurance Property insurance (auto and home insurance) Health insurance.

Similar presentations

Ads by Google