Name:______Date ______

Why do I need insurance?

Go to www.amfam.com click on to reveal all the products.

  1. What are the different types of insurance available? List at least five.

1. ______

2. ______

3. ______

4. ______

5. ______

Click on http://www.amfam.com/products/auto/car-insurance.asp

The following questions are about car insurance. Please answer in complete sentences.

  1. Provide a brief description of ‘Bodily Injury Liability Coverage’.

______

  1. What is ‘Comprehensive’ coverage?

______

Click on http://www.amfam.com/products/insurance-discounts.asp

  1. What Discounts are available from American Family? List three.

1. ______

2. ______

3. ______

4a. Describe the ‘Good Student’ discount.

______

Click on http://www.amfam.com/products/home/renters-insurance.asp

  1. In complete sentences, what is Renters Insurance and why do you need renters insurance?

______

5a. Click on Coverage Options – List 10 items that Renters Insurance covers.

1. ______

2. ______

3. ______

4. ______

5. ______

6. ______

7. ______

8. ______

9. ______

10. ______

Click on http://www.amfam.com/products/life/default.asp

  1. List the three types of Life Insurance.

1. ______

2. ______

3. ______

Click on http://www.amfam.com/flash/needs/default.asp#

1.  Enter your name

2.  Choose New Jersey as your state

3.  You are a 30 year old, that is married, has 2 kids living with you and is Employed.

4.  Click Add Me+

5.  Click Next

6.  Click Add+ on:

7.  Residence

8.  Auto

9.  Recreational Vehicle

10.  Click Next

11.  Click Add+ on:

12.  Single Family House

13.  Click Next

14.  You have 2 vehicles, Click Add+ on:

15.  1 Minivan

16.  1 Hybrid

17.  You do not have a teen driver in the family so leave the check box blank

18.  Click Next

19.  You own a snowmobile, Click Add+ on: Snowmobile

20.  Click Next

21.  You do NOT have an umbrella policy.

22.  You do NOT have sufficient assets to help cover estate costs.

23.  Yes, your children and husband/wife depend on you for their care.

24.  Click Next

25.  Click See Results

What are the three different types of insurance American Family recommends for you?

~ List the Insurance and the optional coverage available under each type of insurance that is being recommended for you here:

1.  ______

______

2.  ______

______

3. ______

______

1

Financial Literacy Webquest – December 2014