Personal Finance – 5/10/17
I. Bellwork –
A. Questions & Answers
- Explain why you need auto insurance?
- How much does car insurance cost on average for a high school student?
- What factors can cause differences in the cost of insurance for drivers?
II. Objectives:
Content OBJ:
- determining the meaning of various forms of auto insurance coverage
- discuss and the Michigan auto insurance coverage requirements for auto insurance
Lang OBJ
- utilize internet resources to identify and distinguish between the coverage components of auto insurance required in Michigan through discussion and completion of a brace map
III. Notebook:
- Circle Map (Factors Impacting Auto Insurance Premiums)
IV. Classwork
A. Definitions 8 Page 594
B. Information on Purchasing Auto Insurance Questions & Answers
- Why should I insure my vehicle?
- What happens if I don’t insure my motor vehicle?
- What auto insurance coverage do I have to purchase?
- Explain to what 20/40/10 refers.
- What are some of the extra (optional) auto insurance coverage I can buy?
- What are the three types of collision coverage?
- How might I reduce my premium if I want to stay with my current insurance company?
C. Banzai Simulation due Friday
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