Presentations—Outlines

Auto & Renters/Homeowners insurance

(Condensed, combined session)

TOOLS FOR CLASSROOM USE

Renters/Homeowners:

• Info from Ohio Insurance Facts
• Student brochure
• Teacher answer key
• OII Renters Insurance tool (for classroom use)

Auto Insurance:

• Info from Ohio Insurance Facts
• Student Brochure
• Teacher answer key
• OII Key to Responsibility auto insurance tool (for classroom use)

Renters/Homeowners coverages come as a “package.”

A. The Importance of Insurance in Today’s Economy (PDF)

B. Types of Property and Casualty Insurance
	1. Home and personal belongings (contents) 2. Automobile 3. Business
C. Insurance on Home & Contents
	1. Homeowners Package Policy a. House and outbuildings b. Personal possessions c. Additional expenses for living if property damaged or destroyed d. Personal liability for injury to someone (except auto crashes) e. Personal liability for damage to another’s property (except auto crashes)
	2. Perils Covered (Property loss) a. Form 2 (Broad form) b. Form 3 (Special form) c. Form 4 (Tenants form) d. Form 6 (Condominium form) e. Form 8 (Modified Coverage form – named F & EC perils – ACV)
	3. Personal Liability Coverage a. Bodily Injury and Property Damage b. Medical Payments to others
	4. Dwelling Insurance a. Coverage on buildings only b. Coverage on contents only
D. Business Insurance
	1. Building Insurance 2. Contents Insurance 3. Loss of Income Insurance
E. Insurance on Your Automobile
	1. Bodily Injury Liability 2. Property Damage Liability 3. Medical Payments 4. Collision 5. Other than Collision (Comprehensive) 6. Uninsured/Underinsured Motorists
F. Ohio’s Financial Responsibility Law
	Brochure
G. How Insurance Companies Determine Rates for Drivers
	1. Criteria a. Type and Age of car b. Use of car c. Value of car d. Where you live e. Driving record f. Coverage limits g. Age and Driver(s) classification(s) - age, sex, marital status h. Claims record i. Coverage limits j. Maintaining good credit - Credit-based insurance score
	2. Why do teens pay more for insurance? Statistics show inexperienced drivers have more crashes. www.ohioinsurance.org/factbook2002/chapter1/chapter1_d.shtml www.ohioinsurance.org/factbook2002/chapter2/chapter2_gchart.shtml
	3. Available discounts a. Driver training b. Good student (“B” or better grade average) c. Antitheft d. Multi-car e. Multiple policy f. Resident student g. Safety feature h. Nondrinker and/or nonsmoker i. Senior defensive driver training approved course j. Commuters/carpools
	4. Save money on Auto and Home Insurance
H. Major causes of auto crashes
	1. Driver Inexperience 2. Speed 3. Impaired driving – drinking/drugs
I. Settling insurance claims
	1. AUTO: Teens have no idea what to do if they’re involved in a car crash. Cover claims filing tips for auto. 2. HOMEOWNERS: Cover claims filing tips for renters insurance losses.

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