Read pages 322 – 325 in Drive Right. Complete the information below and keep it stored on your laptop.
Define the following terms:
l. Policy
2. Premium
3. Deductible
4. No Fault
5. Assigned Risk
Explain the following types of insurance:
l. Liability
2. Uninsured Motorist
3. Collision
4. Comprehensive
5. Medical Payments (PIP – Personal Injury Protection)
7. Towing
Answer the following questions on a separate piece of paper. Hand in the 3 questions below at the end of the period.
1. Explain when and why would a person drop their collision insurance?
2. Create a factious NJ driver. Give this person a profile with negative or “bad” factors (found on page 324 and 325 in Drive Right) that would make their insurance premiums very high. A few examples of factors could be age, gender, and driving record.
3. Create another factious NJ driver. Give this person a profile with positive or “good” factors that would keep their insurance premiums low.