slide1 l.
Download
Skip this Video
Loading SlideShow in 5 Seconds..
Automobile Insurance: Coverage Types PowerPoint Presentation
Download Presentation
Automobile Insurance: Coverage Types

Loading in 2 Seconds...

play fullscreen
1 / 17

Automobile Insurance: Coverage Types - PowerPoint PPT Presentation


  • 274 Views
  • Uploaded on

Automobile Insurance: Coverage Types Automobile Insurance: Coverage Types Time to Pick a Car and Get on the Road Closest to the MSRP (Manufacturer’s Suggested Retail Price) Without going over – wins! 2005 Honda Civic LX Automatic Transmission Dual Zone Air Conditioner Keyless Entry

loader
I am the owner, or an agent authorized to act on behalf of the owner, of the copyrighted work described.
capcha
Download Presentation

PowerPoint Slideshow about 'Automobile Insurance: Coverage Types' - johana


An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -
Presentation Transcript
time to pick a car and get on the road

Automobile Insurance: Coverage Types

Time to Pick a Car and Get on the Road

Closest to the MSRP

(Manufacturer’s Suggested Retail Price)

Without going over – wins!

2005 honda civic lx
2005 Honda Civic LX
  • Automatic Transmission
  • Dual Zone Air Conditioner
  • Keyless Entry
  • Auto Lock Brakes
2005 mitsubishi spyder gt
2005 Mitsubishi Spyder GT
  • Automatic, 4-Spd w/Overdrive & Sportronic
  • V6, 3.0 Liter
  • Leather Interior
2005 hummer h2 suv
2005 Hummer H2 SUV
  • 7-Spoke Aluminum
  • Automatic, 4-Spd HD
  • Leather Surfaced Heated Bucket Seats
  • V8, 6.0 Liter Engine
are you ready to drive
Are You Ready to Drive?
  • Ask yourself…
    • Do I have a license?
    • Is my car registered?
    • Am I covered by auto insurance?
why do i need auto insurance
Why do I need auto insurance
  • It’s the law!
  • There are risks you can’t afford to take
  • What happens if…
    • You’re involved in a crash that causes property damage?
    • You hurt yourself or someone else?
    • Your car is damaged when you’re not driving it? (by weather, vandalism or a hit-and-run)
    • Your car is stolen?
    • Your car breaks down and needs to be towed?
types of automobile insurance coverages
Types of Automobile Insurance Coverages

Three Questions

  • What are third-party coverages?
  • What are first-party injury coverages?

3. What are first-party property coverages?

slide12

Types of Automobile Insurance Coverages

What are third-party coverages?

Bodily Injury Liability

People costs (medical expenses, lost wages, pain and suffering)

Property Damage Liability

Things (other cars and property)

Both are types of coverage required by law in most states

slide13

Types of Automobile Insurance Coverages

What are first-party injury coverages?

Medical Payments (MedPay)

Covers medical and funeral expenses resulting from accidents with your vehicle

Personal Injury Protection (PIP)

Extends MedPay to include lost wages

Uninsured Motorists

Covers expenses if the at fault driver does not have coverage

Underinsured Motorists

Covers expenses when the at fault driver does not have enough coverage

slide14

Types of Automobile Insurance Coverages

What are first-party property coverages?

Comprehensive

Compensates you for physical damage to your car, including theft, vandalism, natural disasters

Collision

Pays for damage to your vehicle in case of collision

Both Coverages require you to pay a deductible

slide15

What is a Deductible?

This is the amount per accident that you pay out of pocket before insurance starts to pay

Common deductible amounts are usually $250, $500, and $1000

The higher the deductible amount you pay the lower your premiums are

slide16

Types of Automobile Insurance Coverages

Review

  • What are third-party coverages?
  • What are first-party injury coverages?

3. What are first-party property coverages?

now you decide
Now You Decide
  • Choose a Car (of the 3 shown)
  • Define Insurance Terms
  • Select Type(s) of Insurance
  • Explain your choices (why or why not)