What is co-pay?
the amount you have to pay for each office visit
Name three pieces of information that are used by auto insurance companies to determine premium.
Home address…zip code matters
Age…..16-23 specifically then 70-90
Your driving experience…..3+ years
Your credit score…. Fair/Good 700-
740/Excellent 800-850
Claims History…if you’ve had an accident or a
violations (name a few***)
Year Make and Model of your car
Coverages State minimum vs Recommended
What do you pay to obtain insurance coverage
Premium
What is hospitalization percentage?
the amount of the bill the insurance company will pay if youre hospitalized
What are some violations you get on your driver license? Name 3
STOP SIGN
FAILURE TO YIELD
SPEEDING 5-10MPH OVER
SPEEDING 15+ IS SURCHARABLE
RECKLESS DRIVING FOR TEXTING
DUI- ALCOHOL AND DRUGS PRESCRIBED BY DOCTORS
A DUI can have you lose your license for 1-3 years. Most insurance
companies won’t insure you until your license is clean for 3 full years
Which coverage in a typical homeowners or renters insurance policy is generally optional?
a. Personal liability b. Medical payments c. Personal property d. Riders
d. Riders
What is a deductible?
the amount you must pay each year before your insurance begins to pay.
What will happen if one's car insurance is canceled?
PENNDOT- will suspend your tags to your car if you are more than 30 days without coverage. You have to be without your car for 3 months and pay a Reinstatement fee of $250+
Your new rate for insurance will be much higher due to a lapse in coverage.
Is it true for people to usually shop for insurance on an insurance company’s website?
NO, Insurance companies assess a person’s credit history, loss history, and previous and current insurance coverage.
Name 2 factors that contribute to choosing the level of coverage needed?
Age, previous medical conditions, income
What is limited tort?.
you can not sue unless there is a serious injury
Your insurance's price increases when your child turns what age?
15
What is a premium?
A fee to get and keep insurance
Name 5 Auto Insurance Companies.
Nationwide
Allstate
Liberty Mutual
Geico
State Farm
Travelers
Progressive
ERIE
The General
True or false, that renter insurance only covers where you currently reside.
False, Renters insurance covers your personal property anywhere in the world.