38.5 Insurance Decision

Explain what type of insurance you would purchase for your used car. Also discuss why you would choose this type of insurance.

Liability

Collision

Medical

Uninsured Motor Vehichle

Towing and Labor

38.4 Used Car Costs

Website: Kelley Blue Book
Please share with us the following information on your used car.

1. Trade-In Value: Trade-in value is what consumers can expect to receive from a delaer for a trade-in value.

2. Private Party Value: Private Party Value is what a buyer can expect to pay when buying a used car from a citizen.

3. Suggestede Retail Value: The Kelley Blue Book suggetsed Retail Value is representative of dealers’ asking prices and is the starting point for negotiation between a consumer and a dealer.

38.3 Used Car Purchase

Find a used car for sale online. List the following information.

1. Make of car
2. Car Model
3. Milege
4. Condition
5. Extra Features
6. Webpage

38.2 Driver’s License (Extra Credit)

View the following modules and answer the questions for extra credit.

http://www.ohioinsurance.org/key02/module_module1.asp

http://www.ohioinsurance.org/key02/module_module2.asp

1. What is something you learned from each of the two modules?
2. What did you already know?

38.1 Auto Insurance

Answer the following questions regarding Auto Insurance. 

Many of these answers can be found either by talking with your parents or by looking at this Website. Complete Modules 3, 4, and 5 before going further.

• http://www.ohioinsurance.org/key02/module_main.asp 
• http://www.ohioinsurance.org/key02/module_module4.asp
• http://www.ohioinsurance.org/key02/module_module5.asp

You may complete Modules 1 and 2 for additional credit in the next post. 

1. What is an insurance policy?
2. Is an auto owner required to obtain auto insurance?
3. What is required if an auto owner does not have auto insurance?
4. What insurance company covers your family’s automobiles?
5. What is the name of your insurance agent?
6. What is the minimum amount of liability insurance required to satisfy the financial responsibility law?
7. What type of insurance will pay for medical and funeral expenses no matter who caused the accident?
8. What evidence of insurance must you keep in your car at all times?
9. Where is this evidence located at right now in the car you drive most often or ride in?
10. What type of insurance protects you against a claim for damage to another auto or other property, for an accident in which you are at fault?
11. What type of coverage protects you against loss resulting from an injury to a passenger, for an accident in which you are at fault?
12. What type of coverage pays for the damage to your car caused in a car accident?
13. What type of coverage protects the owner from loss due to a hit-and-skip accident?

 

37.4 Renter’s Insurance

Play the game.

http://ohioinsurance.org/renters_insurance/introduction2.htm

Complete the quiz.

http://ohioinsurance.org/renters_insurance/quiz1.htm

Answer the questions.

1. What do you know now about renter’s insurance that you didn’t know before?
2. Who should get renter’s insurance?
3. Should you get renter’s insurance when you go to college? Why or why not?

37.3 Self Inventory for Homeowner’s Insurance

Complete this checklist from memory for your bedroom. Include the estimate of the value of your belongings in the room inventoried.

1. Copy and paste this list into a post.
2. Delete things not in your room.
3. Add additional things that are.
4. Estimate the current value of each belonging.

 

• Drapes/Curtains/Blinds
• Rugs & Carpets
• Beds & Matresses
• Dressers
• Chests
• Chairs
• Lamps
• Tables & Desks
• Mirrors
• Pictures
• Blankets&Bedding
• Sheets & Pillow Cases
• Nursery Equipment
• Towels
• Prescription Drugs
• Suits & Jackets
• Dresses & Blouses
• Coats & Jackets
• Raincoats & Boots
• Skirts, Shorts
• Slacks & Jeans
• Sportswear
• Hats, Caps
• Glvoes, Mittens, Scarves
• Shoes & Slippers
• Purses, Billfolds & Belts
• Hosiery, Socks, Ties
• Handkerchiefs, Underwear
• Sleepwear & RobesLuggage
• TVs/VCRs/DVDs
• Video Cameras
• Home Computers
• Stero Equipment
• CDs, Tapes, Records
• Videos & DVDs
• Playstations/Video Game Systems
• Cell Phones/Pagers
• Hairdryers
• Heaters & Fans
• Humidifiers
• Air Conditioners  

   

37.2 Household Inventory

Almost daily in our communities, fire, tornadoes, or other catastrophic events completely destroy homes and their contents. Your homeowners or renters insurance provide coverage for the contents, up to the limit you select with your policy. In the event of total loss, you will be expected to provide a list of all of your personal property that was damaged or destroyed, along with its estimated value. The replacement cost of the home is relatively easy for the insurance company to determine. However, determining the contents and their value presents a more difficult problem.

 Watch this video on how to take a household inventory. Know Your Stuff

How will you personally create a household inventory?

37.1 Fundamentals of Insurance

While no one can actually predict life expectancy, and the game can’t take existing medical conditions into account, the factors you’ll encounter do have a significant impact on longevity.

Longevity Game

1. Based on the game, what risks can decrease your life expectancy?
2. The cost of a life insurance policy is partially based on risk assessment. Please rank the top three risks that you think affect the cost of life insurance. Explain why you chose the answers you did.

29 Credit Resources

Take a look at both of these interactive resources regarding credit. In your opinion, which would be the best complement for the reading material in the chapter? Be sure you are familiar with the chapter and the websites before answering the questions.

Haunted Mansion

Credit Card Game

Answer the following questions.

1. Which website did you prefer? Why?
2. What does the website have in common with your chapter 29 information?
3. What did you learn from the book that you can’t learn from the website?
4. What did you learn from the game that wasn’t written about in the textbook.
5. What were your end results with the website?

OPEN THIS SITE USING THE MAXTHON BROWSER.