Lesson Objectives
- Identify what aspects of an auto accident are covered based on the details of an auto insurance policy
Assignment IU2.7
- Make a copy of this Google Document (Espanol), rename it Auto Insurance Covered-(Your Initials), shared it with your partner, and place it in your Lesson 2 folder.
- Obtain a partner from your teacher.
- With your partner, you will have two class periods to read through the scenario given below to identify who is responsible for what aspects of an auto accident. Use the following to come up with your solution:
- Scenario Description (Espanol)
- Tom Jones’s insurance company accepted liability for Mr. Jones’s part of the accident. They are willing to pay for repairs to the Smith’s pickup and bodily injuries sustained by the Smiths’. Also, repairs to Mr. Jones’s car.
- John & Jane Doe’s insurance company agreed with the Smith’s insurance company that the Doe’s are 75% liable for the damage to the boat. Yes, the Doe’s ran into the Smith’s boat, which caused a lot of the damage, but the Smiths’ didn’t hitch the boat up correctly. Therefore, part of the damage for the trailer becoming unhitched is the Smiths’ fault.
- Sam & Ann Smith’s insurance company accepted liability for 25% of the damage to the boat. The Smiths’ insurer also accepted liability for Mr. Bullwinkle’s bodily injury.
- IMPORTANT NOTES:
- Generally, when a boat is attached and being pulled by a vehicle, liability coverage extends from the vehicle to the trailer being pulled. For this exercise, please assume that the insurance company takes this same general liability approach. To be certain, you will want to check with your insurance company prior to towing a trailer.
- “Pain & Suffering” is not a bodily injury that can specifically be proven. Some insurance companies will negotiate “pain & suffering” with a claimant. Other insurance companies will not settle and will leave “pain & suffering” up to the determination of a jury. For this exercise, please assume that these insurance companies will negotiate and settle “pain & suffering”.
- Premium details:
- Scenario Description (Espanol)
- When you have your final numbers calculated, use this audit tool to determine if your calculations are correct. If they are, great! If not, go back and recalculate them until you get them correct.
Assignment IU2.8
- When you have all of your Lesson 2 assignments completed, share your Lesson 2 folder with your teacher. Your folder should contain the following files:
- Auto Insurance Purpose
- Auto Insurance Coverages (poster)
- Liability Limits
- Auto Insurance Savings
- Auto Insurance Crossword
- Auto Insurance Covered
Lesson 2 Quiz-IU
- Complete the Lesson 2 Quiz for the Insurance Unit.