Auto Insurance (英文版).pptVIP

Auto Insurance What you need and Why you need it. Auto Insurance What is it: Auto insurance protects you against financial loss if you have an accident. It is a contract between you and the insurance company. You agree to pay the premium and the insurance company agrees to pay your losses as defined in your policy. Auto Insurance Auto insurance provides property, liability and medical coverage: Property coverage pays for damage to or theft of your car. Liability coverage pays for your legal responsibility to others for bodily injury or property damage. Medical coverage pays for the cost of treating injuries, rehabilitation and sometimes lost wages and funeral expenses. Auto Insurance Why do you need it? Teens have the highest involvement rates in all types of crashes Many fatal teen crashes involve excessive speed or driving too fast for existing road conditions 77% of teen crashes involved avoidable driver errors Motor vehicle crashes are the leading cause of death for 15-20 year olds, 10 teens lose their lives every day in car crashes 31,000 people were killed in crashes involving teens between 1995 and 2004 Since March 2003, 2,600 American troops were killed in war-related accidents. In the same 41-month period, over 22,000 teens 15-19 died in car crashes throughout the U.S. Auto Insurance Ohio’s Financial Responsibility Law The law requires drivers to be insured or have other arrangements to pay for injuries or damages they cause in the event of a crash. The law provides protection against irresponsible drivers. Auto Insurance The minimum amounts of liability insurance that satisfy Ohio’s Financial Responsibility Law: ? $12,500 for any one person killed or injured in an accident caused by the policyholder $25,000 as a total limit for all persons killed or injured in an accident $7,500 for property damage caused in the accident Your Auto Insurance Policy What will your policy cover? Bodily Injury Liability Medical Payments