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

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Presentation transcript:

By : DeAndre Thomas 5th period #2k12 we going in! Chapter 25 Section 3 By : DeAndre Thomas 5th period #2k12 we going in!

Auto Insurance Objectives Name and describe the six types of auto insurance coverage Identify factors that influence the cost of auto insurance Explain no-fault insurance Key Terms auto insurance no-fault insurance

Types of Auto Insurance All State State Farm

Types Of Coverage Bodily injury liability- This coverage applies if you kill or injure someone in an accident in which you are at fault. Property damage liability- What if you damage another person’s car or property? Protection against uninsured motorists- This coverage applies to bodily injuries that you may suffer as a result of a hit-and-run accident. Medical payments- Under this coverage your insurance company agrees to pay medical expenses resulting from accidental injury. Auto collision- Your car is covered by this type of insurance. The insurance company will pay to have your car repaired or replace regardless of who is at fault. Auto comprehensive- This coverage protects your car against loss from theft, vandalism, fire, windstorms, and other perils listed in the policy.

Key Terms Auto insurance- provides liability and other coverage for the operation of a motor vehicle. No-fault insurance- each party in the accident has losses and expenses paid for by his or her insurance company regardless of who caused the accident

Checkpoint 1. Name the type of auto insurance coverage that applies to the following situations: 2. Name four factors that influence the cost of auto insurance?

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