1. Looking at Insurance: Auto and Home Chapter 9

2. *Risk Factors – Auto Insurance costs Rating Territory Driver Classification Age Gender Marital status Driving record Car use

3. *Risk Factors – Auto Insurance costs Age and kind of car Claims history Assigned risk Deductibles and limits Activity A page 170 - 171

4. *Types of Auto Insurance 1. Liability Property damage Bodily injury 2. Collision Coverage 3. Comprehensive 4. Medical Payments 5. Uninsured Motorist

5. Activity B – Page 173 - 174

6. Decreasing auto insurance costs Higher deductibles Avoid sports cars Discounts Grades Multi-car Compare companies

7. No-fault insurance Colorado recently changed from no- fault to a liability system. Advantages and Disadvantages to each system

8. What to do if accident 1. Contact police immediately 2. Exchange insurance info w/other driver 3. Get names and phone of any witnesses 4. Report to insurance company Activity C page 177

9. Home and Property insurance Property protection – pays for losses to home and other property Liability protection – covers injury to people or other’s property Renter’s insurance – covers personal property and liability

10. Amount of Coverage Should insure home for about 80% of the value Replacement cost coverage Floater policy for expensive items Activity D page180