Transcript Car Insurance - Drivers Edge USA

Unit:
Insurance and “accident” procedures
The primary learning outcomes desirable
from this first lesson are as follows:
1)
2)
3)
4)
Become knowledgeable concerning the various
types of vehicle insurance and their functions
Learn how a variety of factors contribute to
higher or lower insurance rates
Understand the correct procedures if
involved in a collision
Realize that there are “post-collision”
considerations even days after the incident
Unit:
Insurance and “accident” procedures
This lesson is designed to take approximately
60 minutes…you may want to spend 2 days on it
(of course discussion time will vary with instructor)
-- After the completion of this material there are
23 review questions. These questions are also
found the the Microsoft Word document titled:
Insurance and Collision Procedures review questions
(it is suggested that you print out these questions
and give a copy to your students so they can fill
in the answers at the end of the lesson)
What is a definition
of insurance?
A system of protection against loss in which a number of
individuals agree to pay certain sums for a guarantee
that they will be compensated for a specific loss.
Every state has financial responsibility laws…requiring
that you can pay for damages that you cause.
Policy
What are the different
types of auto insurance?
Property Damage Liability
Bodily Injury Liability
Medical Payments Insurance
Collision Coverage
Comprehensive Coverage
No-Fault Coverage
Uninsured Motorist Coverage
Underinsured Motorist Protection
…let’s consider them one at a time
What is Liability?
Liability insurance
covers the damage
you cause to other
vehicles, people, or
property
Oops,
my
fault
There are two types
Recommended coverage:
What is Property
$100,000
Property damage
Damage Liability?
each occurrence
Property Damage Liability insurance
covers the damage you cause to
other vehicles or property.
Oops,
my fault
If you were to hit a very expensive vehicle(s) or take out an expensive
traffic light – the cost could be very high…required in most states.
Recommended coverage:
What is Bodily
$100,000
each person
Injury Liability?
$300,000 each occurrence
Bodily Injury Liability pays
claims for injuries or death
you have caused to others
involved in the collision.
Oops,
my fault
Required in most states.
State minimums are usually inadequate
Medical Payments
Insurance
covers bodily
What is Medical
injuries and
funeral
Payments
Insurance?
expenses for occupants in
an insured vehicle up to
stated amounts, regardless
of who was at fault.
Pays immediate medical cost even if there is
additional medical insurance.
Collision Insurance pays the
costWhat
of repairing
or replacing
is Collision
the owners
car when the
Insurance?
owner is at fault or when
when the owner cannot
collect from the person
who is at fault.
Important coverage for new and expensive cars…
usually dropped after about 7 years of ownership
when the vehicle’s value has decreased.
Comprehensive Insurance
pays
cost of repairing or
Whatthe
is Comprehensive
replacing
the owners car
Insurance?
if damage results from:
fire, theft, storms, flood,
wind, vandalism,
earthquake and riots.
Important coverage for new and expensive cars…
usually dropped after about 7 years of ownership
when the vehicle’s value has decreased.
No Fault Insurance:
People
in collisions
Whatinvolved
is No Fault
recoverInsurance?
their losses from their
own insurance company
regardless of who is at
fault…but with limitations as
specified in the policy.
No fault insurance is
handled differently
from state to state
Some states have this to prevent over
burdening the courts with litigation.
It pays for injuries to
you or your passengers
in the event
of is
a hit
What
it?and run
collision or if those
who hit you have no
insurance or are
underinsured.
It pays for injuries to
you or your passengers
in the event of a hit and run
collision or if those
who hit you have no
insurance or are
underinsured.
“Hey, you get
back here!”
Covers medical bills,
legal and court fees,
loss of wages
Required in many states.
Needed by all car owners.
WhatInsurance
does Towing
Towing
pays the
Insurance
cost
of towingcover?
and some
minor repairs to the disabled
car. Included are: dead
battery, out of gas,
flat tire and “accidents”
Good to have…but not a necessity
if you belong to an auto club.
What do these terms mean?
Premium:
What you pay for your insurance coverage
Most policies are for a 6 month period
Deductible:
The amount you agree to pay toward the repair
or replacement of the vehicle. Your insurance
company agrees to cover the balance up to the
specified limits of the policy.
Selecting a higher deductible will
require a greater out of pocket expense,
but it will also____________________
lower the premium
How are rates
determined?
Collision and Violation record
Age of principal driver
Type of vehicle and miles driven
Gender of driver
Martial status
Where the driver lives
WHAT ARE SOME
WAYS YOU CAN SAVE
MONEY ON INSURANCE?
Four Wheel Anti-lock brake system
and passive restraints
(Airbags or Automatic motorized seat belts)
Anti-theft devices
Good Driver
Multi-Car
Economy Car
55 and Retired
Good Student
Stop immediately…if you can
move to the side of the road
Failure to stop is a serious violation. Do not
leave your vehicle where it will block traffic.
(if it can be moved)
Be sure to turn off the ignition.
Stop immediately…if you can
move to the side of the road
Aid the injured…administer
basic first aid for injuries
only if qualified
Never move an injured person unless
there is danger of fire or another collision
Stop immediately…if you can
move to the side of the road
Aid the injured…administer
basic first aid for injuries
only if qualified
Protect the scene with flares or
reflectors or direct traffic
Do not put yourself or others in danger
while directing traffic
Stop immediately…if you can
move to the side of the road
Aid the injured…administer
basic first aid for injuries
only if qualified
Protect the scene with flares or
reflectors or direct traffic
Send for police – give the facts
Do not let them talk you out of it by saying:
“We can handle the matter ourselves.”
Stop immediately…if you can
move to the side of the road
Aid the injured…administer
basic first aid for injuries
only if qualified
Protect the scene with flares or
reflectors or direct traffic
Send for police – give the facts
Exchange information – but do
not admit it was your fault
See their insurance card
Names, addresses,
Additional
Steps
driver’s licenses
Record
witnesses
numbers,
plate
names
and addresses
numbers,
and
insurance
File necessary
reports
companies
Note the time of day, weather
conditions, road conditions,
street lights, signs, and the
presence and length of skid
marks. Make a diagram
illustrating the location of
the vehicles, crosswalks,
stop signs, and traffic signals.
If you have a camera, take
pictures.
When filing
the report
Continue your medical care after the accident. Even
serious injuries may remain undetected even after
the initial visit to the doctor or emergency room.
Medical expenses may be covered by your
insurance plan.
Other
Important
considerations
Contacting a lawyer.
Your insurance company must be contacted in the proper
fashion to insure that all benefits are obtained concerning
your personal injuries. Failure to properly notify and
inform the company may result in an objection to such a
claim at a later time. Also, forms must be filled out for the
Department of Public Safety, the local Police Department,
or the Registry of Motor Vehicles. A lawyer’s assistance
may be invaluable in these situations.
Other
Important
considerations
Quiz time…how much do you remember?
1) Liability insurance covers the damage you cause to other
vehicles, people or property. TRUE or FALSE:_________
2) If you were to crash with an expensive vehicle and it was
your fault, your ______________________would pay.
3) If it was your fault in a crash and there were injuries in the
other car your _____________________would pay.
4) Medical payments insurance covers injury expenses for
occupants in an insured vehicle regardless of who was at
fault. TRUE or FALSE:_______
5) Collision insurance pays the cost of repairing the owner’s
car when the other driver is at fault in the collision?
TRUE or FALSE: _______
6) What part of your insurance pays for a tree falling on
your car during a storm? _____________________
7) After about 7 years of car ownership, most people will
______________the comprehensive insurance on the car.
8) In some states with this type of insurance, the driver’s
insurance policy only covers their own damages: ________
9) It pays for injuries in the event of a hit and run collision
or if those who hit you have no insurance:______________
10) The amount you usually pay to an insurance company
every six months is called a: _______________
11) The amount you agree to pay ahead of time toward the
repair of the vehicle: ______________
12) Selecting a higher deductible will usually result in a
higher premium. TRUE or FALSE: ________
13) TRUE or FALSE: Your premium rate is mostly based on
your driving record, age, and type of vehicle. _______
14) Married people, country dwellers and females will
generally pay less than males, city people and
singles?____
15) Owning an economy car with an anti-lock braking
system is one way of reducing your premium. ______
16) The first thing you should do if involved in an accident
is to: ________________________________________
17) In a collision, you should aid the injured only if you are:
___________________________________
18) How can you “protect the collision scene” from further
damage? ______________________________________
19) TRUE or FALSE: It’s always a good idea to call the
police at the scene of an collision. ______
20) When you know its your fault, go ahead and admit it as
you exchange information. TRUE or FALSE: ______
21) If the police are at the scene, they will take care of filing
all the paper work involved. TRUE or FALSE: ______
22) Insist on seeing their proof of insurance that they are
required to carry in their vehicle. TRUE or FALSE: ______
23) If you feel the slightest discomfort after the collision, its
important that you seek: ________________________
Drivers Edge: Interactive slides and videos®
CATEGORY: Copyrighted Driver Education School Literature
These electronic slide shows are produced by InterActive Enterprises. Microsoft
PowerPoint ® was used to create the presentations. Each segment includes discussion
questions and may include illustrations, photographs, videos, animations, etc. Contact us at
for more information at: 2183 Doctor Robertson Rd., Spring Hill, TN 37174
Email with suggestions, comments, questions or for more information.
This slide show is a type of educational media and is copyrighted in regards to slide
layout, text and arrangement. You may modify, delete, or add to for your own use but you
may not redistribute. One set of slides per school as contents may be copied to the
computer’s hard drive. Networking in a computer lab is also allowed. See other
restrictions in regards to graphics as required by agreements with graphic providers.
RESTRICTIONS: “This product/publication includes images from Microsoft Design Gallery,
Animation Factory, Corel MegaGallery and Corel Gallery 1,000,000 and Click Art which are protected
by the copyright laws of the U.S., Canada and elsewhere. Used under license.These images are for
viewing purposes only in this series and may not be saved or downloaded for other uses.
Other images used by permission are from: In-Motion magazine, General Motors; selected videos
from the U. S. Dept. of Transportation (Moving Safely Across America) Many other images are from
the public domain.
A limited warranty or guarantee is in effect upon initial receipt of this product. Any defective product will be
replaced upon notification within 90 days of receipt of product.
Copyright © 2009 InterActive Enterprises Inc.
[email protected]