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What is a Premium? The amount of money charged by the Insurance companies for active coverage.

Published byGabriel Barnett Modified over 9 years ago

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Presentation on theme: "What is a Premium? The amount of money charged by the Insurance companies for active coverage."— Presentation transcript:

1

2 What is a Premium? The amount of money charged by the Insurance companies for active coverage.

3 What are your Premiums Based on? There are several factors Age Marital Status Where you live Gender Type of car you drive Driving Record- accidents/tickets

4 Comprehensive Physical Damage Coverage Loss or damage to your own vehicle due to non- collision causes such as theft, vandalism, fire and hail.

5 Medical Payments Coverage or Personal Injury Projection: Injury to you or your passengers due to a traffic accident.

6 Uninsured/Underinsured Motorists Coverage Injury or damage to you, your passengers, or your vehicle caused by a driver without adequate insurance.

7 Additional Coverage Emergency Road Service- Towing Rental Car

8 The higher the deductible, the lower the premium Deductible: The amount of expense that you have to pay out of pocket before the insurance company will pay for any damages to your car.

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