1 hr 1 min
Car Insurance 101 Money Study Group Online
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- Investing
Insurance 101 Assignment: Add Home and Auto Insurance to Your Plan
Insurance (Risk Management) is an essential element of Personal Finance. You’ll spend a lot of money buying insurance in your lifetime. So, a little insurance knowledge can help you Make Your Money Count.This week, we’re focusing on Property and Casualty insurance. In this assignment, you will add insurance to your financial plan. The following information will help you understand Homeowners and Auto Insurance so that you can add the coverage you need to protect your investment (your new home and car).
Part One: Get Auto Insurance QuoteObtain One Auto Insurance Quote online (or in a local insurance agency).
You can use your actual car, a family car, or a friend’s car to obtain the quote. Or, feel free to use the car you “pretended” to buy in your credit crush assignment for the auto quote.
Save the quote (PDF) along with your comments related to each coverage you selected - see below, Part Three.
Be sure to address the following coverages in your comments:
— Collision and Deductible (Earn 5 extra points by getting a quote for more than one deductible. How much will you save if you take a $1,000 deductible? Is it worth it? Or, how much more will you pay if you take a $250 deductible?)
— Comprehensive and Deductible
- Consider getting a quote for more than one deductible.
- How much will you save if you take a $1,000 deductible?
- Is it worth it? Or,
- How much more will you pay if you take a $250 deductible?)
— Liability 100/500/100 (address each of these three numbers and what they mean)
— Rental
— Emergency Road Service
— Personal Injury Protection 2500/5000/10000
— Medical Payments Coverage 2500/5000/10000
If you’re employed, you will want PIP (Personal Injury Protection); if you’re unemployed, you will want MPC (Medical Payments Coverage).
— Uninsured
— Underinsured
Also discuss any other coverage offered by the agent you meet with or talk to online. In order to receive full credit for this assignment, you will need to convince me that you understand each of the coverages listed above.— What is a deductible? How does it work? Explain that, too.
Part Two: Add Auto and Homeowners Insurance to Your Plan
Link to this post:
https://missionalmoney.com/financial-training/car-insurance/
Enroll in Money Study Group Online:
https://moneystudygroup.com
Enroll in Make Your Money Count (Free Course for NON-Students at the Bauer College of Business at University of Houston):
https://missionalmoney.com
Sponsored by BayRock
https://bayrockfinancial.com
Insurance 101 Assignment: Add Home and Auto Insurance to Your Plan
Insurance (Risk Management) is an essential element of Personal Finance. You’ll spend a lot of money buying insurance in your lifetime. So, a little insurance knowledge can help you Make Your Money Count.This week, we’re focusing on Property and Casualty insurance. In this assignment, you will add insurance to your financial plan. The following information will help you understand Homeowners and Auto Insurance so that you can add the coverage you need to protect your investment (your new home and car).
Part One: Get Auto Insurance QuoteObtain One Auto Insurance Quote online (or in a local insurance agency).
You can use your actual car, a family car, or a friend’s car to obtain the quote. Or, feel free to use the car you “pretended” to buy in your credit crush assignment for the auto quote.
Save the quote (PDF) along with your comments related to each coverage you selected - see below, Part Three.
Be sure to address the following coverages in your comments:
— Collision and Deductible (Earn 5 extra points by getting a quote for more than one deductible. How much will you save if you take a $1,000 deductible? Is it worth it? Or, how much more will you pay if you take a $250 deductible?)
— Comprehensive and Deductible
- Consider getting a quote for more than one deductible.
- How much will you save if you take a $1,000 deductible?
- Is it worth it? Or,
- How much more will you pay if you take a $250 deductible?)
— Liability 100/500/100 (address each of these three numbers and what they mean)
— Rental
— Emergency Road Service
— Personal Injury Protection 2500/5000/10000
— Medical Payments Coverage 2500/5000/10000
If you’re employed, you will want PIP (Personal Injury Protection); if you’re unemployed, you will want MPC (Medical Payments Coverage).
— Uninsured
— Underinsured
Also discuss any other coverage offered by the agent you meet with or talk to online. In order to receive full credit for this assignment, you will need to convince me that you understand each of the coverages listed above.— What is a deductible? How does it work? Explain that, too.
Part Two: Add Auto and Homeowners Insurance to Your Plan
Link to this post:
https://missionalmoney.com/financial-training/car-insurance/
Enroll in Money Study Group Online:
https://moneystudygroup.com
Enroll in Make Your Money Count (Free Course for NON-Students at the Bauer College of Business at University of Houston):
https://missionalmoney.com
Sponsored by BayRock
https://bayrockfinancial.com
1 hr 1 min