Full Coverage vs. Liability Only

Slides:

Advertisements

Similar presentations

Are You Ready to Drive? Ask yourself…Ask yourself… –Do I have a license? –Is my car registered? –Am I covered by auto insurance?

Advertisements

Auto Insurance. Insurance Basics Insurance is a way of planning for the unknown Why do we need auto insurance? Accidents can be VERY expensive.

Car Stuff. Auto Insurance – Basic Types Bodily injury liability: –Pays for injuries you cause to someone else. This is usually required. Property damage.

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.

Homeowners and Auto Insurance

Visit: What is a Car Insurance Policy and How Does It Work?  A policy is a contract between the insured (car owner.

Managing Your Personal Finance UNIT 2: GETTING YOUR FIRST CAR Topic: CAR INSURANCE.

Insurance Basics Name Hour # Requirements Title and meet the requirements on each slide. Title font should be different than information font. Colorful.

Angelica Luna.  Insured ◦ This is any one who is included under the P.A.P and is covered by the insurance company.  Insurer: ◦ The Insurance Company.

Insurance Basics. Why Do You Need Insurance? Help you pay for things that could happen to you that you cannot afford Law says you need to pay to compensate.

Managing Your Personal Finance UNIT 3:3 GETTING YOR FIRST CAR Topic: CAR INSURANCE.

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

What You Should Know About INSURANCE Created by Matt Wagner.

Insurance Terms Business Essentials. Term Insurance An insurance policy that provides coverage for a limited period, the value payable only if a loss.

Auto Insurance Financial Responsibility Law Do you have to have insurance? Why? What kind? 2 Major Types of Coverage Property (Comprehensive and Collision)

Objective: Compare different types of insurance plans. Identify types of insurance plans,( home, car, health, life, ). How insurance works. Evaluate insurance.

Insurance Take Charge of Your Finances G1.

Copyright ©2004 Pearson Education, Inc. All rights reserved. Chapter 2 Auto and Homeowner’s Insurance.

Auto Insurance Information Mr. Blais Law and You.

Looking at Insurance: Auto and Home Chapter 9. *Risk Factors – Auto Insurance costs Rating Territory Driver Classification Age Gender Marital status Driving.

Auto Insurance Policy Pre Test. Bodily Injury Property Damage Collision Coverage Comprehensive Coverage Uninsured Motorist Coverage This coverage provides.

Auto insurance What is ?. Auto insurance provides a measure of financial protection in the event of a car accident.

WOW VI Personal Finance Insurance. Why do we Need Insurance?? To ‘Make Whole’ the person who suffers a loss. To spread the RISK of loss across many policy.

Car Insurance- Why car insurance? It is the LAW Why car insurance? It is the LAW.

Insurance 101 Personal Finance. Learning Goal To be able to define terms relating to insurance.

Personal Finance Section Buying Insurance Fireman’s Fund Insurance Company.

There are many ways to save money with your auto insurance and it is worth exploring every option out there. Auto insurance is a good place to look for.

What types of insurance can you think of? All types Premium: This is the amount of money that one must pay annually for insurance. What happens to your.

Monday, November 30, 2015 Objective: Students will be able to evaluate the costs and benefits of buying insurance. Purpose: You will need insurance to.

Lesson Three: Insuring a New or Used Car. Auto Insurance Based on Risk & Loss Why do you need it? –To financially protect yourself, others, and your car.

What You Should Know About INSURANCE What You Should Know About INSURANCE.

 This presentation has been prepared by a grantee of the Foundation for Financial Planning for the purpose of educating student pro bono financial planners.

7 New California DMV Laws You Need To Know 7 New California DMV Laws You Need To Know Get a Free Auto Insurance Quote Contact 888.

STEPS TO SAVING MONEY ON YOUR AUTO INSURANCE POLICY.

Personal Finance Home and Auto Insurance

What You Should Know About INSURANCE

Mississippi Car Insurance Information for International Students

Intro to Business Chapter 34

Click here to advance to the next slide.

Automobile Insurance Managing the Risk.

NJ CAR INSURANCE 1.

Introduction Life is full of risks and accidents. People are at risk for getting injured when playing sports, riding in a car, or living in a house. Risk.

What You Should Know About INSURANCE

Managing Your Personal Finance

Automobile Insurance Personal Finance.

Risk Management: Insurance

* Take Charge of Your Finances G1

Automobile Insurance Managing the Risk.

Jeopardy! Begin.

Insurance Basics (Don’t Risk It)

Source of Lesson Resources: Next Gen Personal Finance

Buying Insurance Chapter 22 2/17/2019.

Unit 5: Personal Finance

What You Should Know About INSURANCE

4-3 Automobile Insurance

What You Should Know About INSURANCE

Automobile Insurance: The Basics

What You Should Know About INSURANCE

By : DeAndre Thomas 5th period #2k12 we going in!

Automobile Insurance Managing the Risk.

Wednesday, April 5, 2017 Objective: Students will be able to evaluate the costs and benefits of buying insurance. Purpose: You will need insurance to protect.

What are some different types of insurance, and why do you need them?

They’ll receive value. Full size service at a competitive price

Automobile Insurance Managing the Risk.

Insurance The purpose of insurance is to provide financial protection against different kinds of risks we face throughout life.

Presentation transcript:

Full Coverage vs. Liability Only Car Insurance Full Coverage vs. Liability Only

Insuring your vehicle helps you stay safe on the road and compliant to the laws. However, there are different degrees of auto insurance coverage, with liability coverage as the mandatory and full coverage as optional

Debating between the two? First, understand that the law requires that all drivers must have basic liability insurance, which covers bodily injuries and property damages during an accident.

Each state has its own minimum liability requirements, but people have the option of more coverage should they feel that the minimum insurance coverage is not enough.

If You’re financing a vehicle…. You may not have much say in which coverage to choose: your lien holder will determine the insurance policy requirement. For everyone else, you do have the option to choose (whether you like that or not).

Full Insurance Coverage Includes liability insurance, as well as collision and comprehensive coverage. Although you pay more for full coverage, you’re also equipped with a more holistic accident protection plan.

Still Can’t Decide Which One Is Right For You? Conduct a cost-benefit analysis on quotes from several insurance companies (most insurance companies, such as Freeway Insurance, offer free quotes upon request). This will ensure that you receive the best price with the most realistic estimate

Got More Questions about Auto Insurance Coverage Plans? Feel free to contact a Cost-U-Less Insurance agent to learn more about its affordable coverage offerings

Cost-U-Less also helps customers find the lowest rates for: Cost-U-Less Insurance Specializes in Insuring California Drivers Cost-U-Less also helps customers find the lowest rates for: Homeowners & Renters Insurance Business Insurance Motorhome & RV Insurance SR22 Insurance Filing Travel Trailer Insurance Consumers interested in learning more about Cost-U-Less can visit www.costulessdirect.com. Customers can also connect with Cost-U-Less via social media platforms Facebook, Twitter, LinkedIn, YouTube and Google+.