So, just how well do you know the ins and outs of your own auto insurance policy? To find out, take this simple quiz: - PowerPoint PPT Presentation

Loading...

PPT – So, just how well do you know the ins and outs of your own auto insurance policy? To find out, take this simple quiz: PowerPoint presentation | free to download - id: 60f647-ZWRkN



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

So, just how well do you know the ins and outs of your own auto insurance policy? To find out, take this simple quiz:

Description:

So, just how well do you know the ins and outs of your own auto insurance policy? To find out, take this simple quiz: Created by USAA insurance – PowerPoint PPT presentation

Number of Views:80
Avg rating:3.0/5.0
Slides: 14
Provided by: Bell69
Learn more at: http://www.bigsportsmed.com
Category:
Tags: auto | find | ins | insurance | know | out | outs | policy | quiz | simple | take | well

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: So, just how well do you know the ins and outs of your own auto insurance policy? To find out, take this simple quiz:


1
So, just how well do you know the ins and outs of
your own auto insurance policy? To find out, take
this simple quiz
Created by USAA insurance
2
  • If my insured teenager takes my car without
    permission and runs into my neighbors garage
    door, what costs am I responsible for?
  • A) Vehicle repair costB) Deductible C) Garage
    door repair cost

3
  • Answer B If you carry collision and liability
    coverage, the damage to your car and the garage
    door both will be covered. But, you still have to
    pay the deductible. Collision coverage is
    generally sold with a deductible of 250 to
    1,000 the higher your deductible, the lower
    the premium. (Collision pays for damage to your
    car resulting from a collision with another car,
    object or as a result of flipping over. However,
    the insurance applies only to the car it does
    not cover damage to whatever the car collided
    with. Even if you (or your child) is at fault for
    the accident, your collision coverage will
    reimburse you for the costs of repairing your
    car, minus the deductible. If you're not at
    fault, your insurance company may try to recover
    the amount they paid you from the other drivers
    insurance company. If they are successful, you'll
    also be reimbursed for the deductible.)

4
  • If I hit a deer on the road, what expenses do I
    incur?
  • A) Deductible B) Vehicle repair cost C) Deer
    disposal fee

5
  • If you have comprehensive insurance, then you are
    only responsible for your deductible. This type
    of insurance also covers loss due to theft,
    damage by fire, falling objects, hail, vandalism,
    and more. Typical comprehensive deductibles range
    from 100 to 300.
  • (Comprehensive coverage will reimburse you for
    loss due to theft or damage caused by something
    other than a collision with another car or
    object, such as fire, falling objects, missiles,
    explosion, earthquake, windstorm, hail, flood,
    vandalism, riot, or contact with animals such as
    birds or deer. Comprehensive insurance is usually
    sold with a 100 to 300 deductible, though you
    may want to opt for a higher deductible as a way
    of lowering your premium. Comprehensive insurance
    will also reimburse you if your windshield is
    cracked or shattered. Some companies offer glass
    coverage with or without a deductible. States do
    not require that you purchase collision or
    comprehensive coverage, but if you have a car
    loan, your lender may insist you carry it until
    your loan is paid off.)

6
  • What kind of coverage would pay my vehicle repair
    costs if my car is damaged in a hit-and-run
    accident?
  • A) Gap coverage B) Uninsured motorist coverage C)
    Property damage coverage

7
  • Answer BYou can receive full reimbursement if
    you have uninsured motorist coverage, but this
    can vary state-by-state. Uninsured motorist
    coverage protects you, a member of your family,
    or a designated driver who is hit by an uninsured
    or hit-and-run driver. (Underinsured motorist
    coverage comes into play when an at-fault driver
    has insufficient insurance to pay for your total
    loss. This coverage also will protect you if you
    are hit as a pedestrian).

8
  • If my car is totaled in an accident, am I still
    responsible for making payments on the balance I
    owe on the car?
  • A) Yes B) No

9
  • Answer No, as long as you purchased gap
    insurance.
  • This coverage pays the difference between the
    amount your insurer pays for your totaled car and
    the amount you owe on your lease or loan. (Since
    you're responsible for paying the remainder of
    your lease or loan even when your car is totaled,
    you might have to come up with hundreds maybe
    even thousands in cash, unless you have gap
    insurance, which is about 25 per year.)

10
  • If Im involved in an accident and the other
    driver is at fault, will I have to wait to get a
    rental replacement car?
  • A) Yes B) No

11
  • Answer No again, provided that you carry rental
    car reimbursement insurance.
  • For just a few dollars a month, this coverage
    guarantees you a rental car while your own car is
    in the repair shop. If you have this coverage on
    your own policy, you do not have to wait for the
    other drivers insurance company to authorize a
    rental car. (At a couple dollars a month, one
    full-year of rental car reimbursement coverage is
    less than the cost of a one-day rental car. Since
    the average car is in the repair shop for two
    weeks after an accident, it can cost as much as
    1,000 if you have to pay to rent a replacement
    car. If the collision ultimately is determined to
    be the other drivers fault, the cost of the
    rental car can be reimbursed by the other
    drivers insurance.)

12
  • Now, the extra credit questions Are drivers in
    all states required to carry collision coverage?
    Comprehensive coverage? Gap coverage?
  • A) Yes for all B) No for all

13
  • The answer to each of those questions is "no".
About PowerShow.com