PPT-1 Automobile Insurance: The Basics

Objectives Identify important types of motor vehicle insurance coverage Explain factors that affect the cost of motor vehicle coverage 2 What is the likelihood you will be in an automobile accident . This information will be kept confidential and will be used for quote purposes only Please note that no coverages can be bound through this form Personal Information Full Name Email Street Address County City State Zip Phone Best Time to Call Mornin Massachusetts law requires that every vehicle operating in Massachusetts be insured The Registry of Motor Vehicles will revoke your vehicle registration if your car is driven without insurance coverage Furthermore you could be charged with certain o This information will be kept confidential and will be used for quote purposes only Please note that no coverages can be bound through this form Personal Information Full Name Email Street Address County City State Zip Phone Best Time to Call Mornin Managing the Risk. Did You Know?. There are 35 million automobile accidents annually!. Insurance Information Institute . http://www.iii.org/. Motor vehicle crashes are the leading cause of death in the United States!. OBJECTIVES:. TO COMPUTE LIABILITY, COLLISION, AND COMPREHENSIVE CAR INSURANCE PREMIUMS. TO COMPUTE SURCHARGES AND DISCOUNTS FOR CAR INSURANCES. Warm . Up. Calculate: . .8 [ 3.9(133) + 4.45(170) + 2.95(51) ] . Is protection for individuals against possible financial losses. Provides protection against many risks such as unexpected property loss, illness and injury. Acts like a safety net for unforeseen events . Michael Willens, D.O. .. mwillens@comcast.net. Disclosures:. Owner, Medical Director, and CEO of Advanced Pain Management . Clinic. No other disclosures. Purpose of this lecture. “I’ve just been in a car accident. Can you help me?”. ®. , CPFFE . Professor and Financial Planning Specialist. . What is Health Insurance?. Health . insurance . is a contract between . a consumer and an insurance . company. .. Health coverage helps . 6.02 Students will understand options and practices for meeting transportation needs. . 6.02 Essential Questions. . What are the options for meeting transportation needs?. How can consumers make wise decisions when shopping for transportation needs?. INSURANCE. Unit 5.4. . Slide. . 2. liable. negligent. Responsible. At fault. . . Key Terms. . Slide. . 3. Automobile Insurance. Premium. Transferring liability to another entity. Cost of insurance coverage. The Basics: RISK. Insurance is a system by which risk is transferred by a person, business, or organization to an insurance company, which reimburses the people insured for covered losses and provides for sharing the costs of losses.. Auto Insurance – Several Different Coverages Wrapped into One. Liability Coverage. Pays for damage to others and their property when you are at fault. Pays up to a limit. Three numbers: Such as 100/300/50. These are some of the things we recommend looking for in old automobile tyres. For more information, contact Road Runner Tyres. Consumer & Corporate Education – Service Alberta. February 1, 2019. In The Driver’s Seat. Agenda. Choosing Your Vehicle. 2. What To Check. Who Is Selling?. How To Purchase. More Info. What About Insurance?.