web search
ACED 1100E01 INSURANCE WEB SEARCH
DR. PRATER 10 POINTS
Instructions: Go to www.StateFarm.org and complete a web search, answering the questions below. You will then attach the completed web search to the dropbox found in the Bonus C & D learning module. NOTE: Although we are using State Farm’s site, most of the questions and answers are the same for all automobile insurance companies. No favoritism is implied. State Farm happens to be the largest insurance company at this time. This web search is designed to teach you more about auto insurance, and to introduce you to renter’s insurance. Section 1: Under Insurance, click on Auto Insurance. (8 pts)
1. What does liability coverage pay? Is it required?
2. What does medical payments coverage on your automobile pay? Is it required?
3. What does collision coverage pay?
4. What is a deductible? (may have to use a dictionary.) How does a high deductible on collision coverage affect your premium?
5. What is comprehensive coverage?
6. What is the difference between uninsured motorists and underinsured motorists’ coverage? What are the similarities? NOTE: IF YOU DO NOT HAVE CAR RENTAL AND ROAD SERVICES ON YOUR AUTOMOBILE POLICY, YOU MIGHT WANT TO READ THESE TWO SECTIONS.
7. Looking at Discounts, what are seven discounts offered by most automobile insurance
companies?
8. When can you get a multiple line discount?
Section 2: Go to http://www.dmv.org/ga-georgia/car-insurance.php and answer the questions below: (1 pts.) NOTE: If you do not live in Georgia, you may answer question 9 for the state in which you live. However, you must provide me with the link you used to determine your answer.
9. Are you required to have liability insurance in Georgia? If so, in what amounts:
NOTE: YOU WILL FIND THE MINIMUM REQUIREMENT. MOST INSURANCE COMPANIES DO NOT FEEL THE MINIMUM REQUIREMENT OFFERS ENOUGH COVERAGE. CHECK YOUR POLICY AND CONTACT YOUR INSURANCE AGENT. ALSO, While Georgia law does not require you to purchase collision and comprehensive insurance, your finance company or bank will require you to have these coverage types if you are paying a loan or lease on your car.
Section 3: Return to www.StateFarm.org. Click on Home & Property, Renters. (1 pt)
10. What is renter’s insurance?
11. What does it cover and is it considered expensive or cheap?