INSURANCE Car, Health, other

1
INSURANCECar, Health, other
2
Financial Risks

• 3 Main Risks
• Property Risks
• Property damaged or destroyed
• Personal Risks
• Illness, injury, disability
• Liability Risks
• Your at fault for someone elses injury
• How many of us have enough savings to survive
  these risks?

3
Auto Insurance

• - Protect you, other drivers, their car, and
  possibly your car against damage
  
• Why is this important to talk about in Illinois?
• How many of us have already been in accidents?

4
Types of Coverage

• Collision
• Protects against damage to your car due to a
  traffic accident
  
• Optional, but maybe required with a new car
• Comprehensive Physical Damage Coverage
• Protects against loss or damage to your own
  vehicle due to non-collision causes such as
  theft, vandalism, fire, hail
  
• Optional, but maybe required with a new car
• Liability Coverage
• Protects against injury or damage that you cause
  to other people or their property
  
• Required in Most states

5
Types of Coverage

• Medical Payments Coverage or Personal Injury
  Protection
  
• Protects against injury to you or your passengers
  due to a traffic accident
  
• Required in certain no-fault states
• Uninsured / Underinsured Motorist Coverage
• Protects against injury or damage done to you,
  your passengers, and your vehicle caused by a
  driver without adequate insurance coverage
  
• Required in some states

6
Auto Insurance Rates

• AGE
• GENDER
• MARITAL STATUS
• DRIVING RECORD
• TYPE OF VEHICLE
• VEHICLE USE
• PLACE OF RESIDENCE
• NUMBER OF DRIVERS ON POLICY

7
OOPS, I HAD AN ACCIDENT

• What do you do?
• Make sure everyone is ok!
• Dont freak out
• Call 911 if necessary!
• Exchange information
• Call your insurance company
• Make sure your car is ok to drive
• Get medical attention
• Take pictures of everything!