Personal Finance – 5/15/17

I. Bellwork

A. Hana has $250 deductible for collision and $500 deductible for comprehensive. She hits a deer which causes $2000 in damage.

Which type of insurance covers the accident?
How much does the insurance company pay?

B. You have broad collision insurance with a $500 deductible. You are involved in an accident in which you are less than 50% at fault. You have $3750 in damages.

How much does the insurance company pay?

II. Objectives

Content OBJ: Review no-fault and optional auto insurance coverage identify situations which each insurance is responsible.

Lang OBJ: based upon information provided for various scenarios, students will analyze the details relating to auto insurance coverage and evaluate which type of insurance is responsible for coverage and the amount of coverage.

III. Flash Cards