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Name:_________________________

Date:______________________

Insurance101

1.Whatisrisk?

2.Whatisliabilityinsurance?

3.Whataresomereasonspeoplebuyinsurance?(explainTWO)

4.Whatarethetwomaininsurancecategories?

5.Whatdoescoveragemean?

6.Whatisadeductible?

7.Whatisapremium?

8.Whatisthecostofinsurancebasedon?

9.Whenyoumoveawayfromhomeandliveinarentalplace,whattypeofinsurancewouldyou
wanttohaveandwhataretherequirementsinordertobuythattypeofinsurance?


Name:_________________________

Date:______________________

Addupthevalueofalloftheelectronicdevicesyouown

Calculatetheamountofmoneythathasbeenspentonpants(i.e
youown7pairsofsilverjeans7x$100=$700spentonpants)

Addupthenumberofshirtsyouown(estimatingisok).Assume
thateachshirtcostsaround$20.Howmuchmoneywasspenton
shirts?

Doyouownanexpensivewatchoranyexpensivejewelry?
Estimatethevalue.

Addallofthevaluestogether.

$____________________
+
$____________________
+
$____________________
+
$____________________

Total:$______________________

Diditadduptomorethan$1000?Ifyes,thenyoushouldbuyinsurancewhenyoumoveintoa
rentalunit!

10.WhattypesofautoinsurancearemandatoryinAlberta?Pleasedefinetheseaswell.

11.Whatarethetwooptionalvehiclesinsurancesyoumaybuy?Pleasedefinethese.


Name:_________________________

Date:______________________

12.Areyoungdriverschargedmorethanolderdriversforinsurance?

13.Whenwillyourinsurancerategodown?

14.Whatisinsurancefraudandhowwillitaffectyou,personally,inthefuturewhenyoubuy
sometypeofinsurance?

15.Whatarethetypesofinsurancefraud?

16.Insurancefraudhasbeencalledavictimlesscrimebecauseitonlyaffectswealthy
insurancecompanies.Doyouagreeordisagreewiththisstatement?Why?


Name:_________________________

Date:______________________

WEBQUEST

Investigatethefollowingwebsitesandanswerquestions
http://www.ibc.ca

Scrolldownonthehomepage.ReadthearticletitledYoung,firsttimedriverlookingfor
insurance?

Whataresometipstoconsiderasanewdriverbuyinginsurance?

ExploreInsurance101.

InInsuranceBasics

Whyshouldyouhaveinsurance?Pleaseexplainindetail!


Name:_________________________

Date:______________________

GotoAutoInsuranceEmergencyPreparedness

Whatthingsshouldyouhaveinyourvehicleincaseofanemergency?

WhataresomethingsthatYOUcandoinordertolowerormanageyourrisksofcollisionwhile
drivingavehicle?(Explainatleast3)

GalleryWalkAutoInsurance
Gotoeachofthestationsintheclassroomandanswerthequestionsontheflashcardsatthe
station.Writeyouranswersonaseparatepieceofpaperandstapleittothebackofthis
assignment!

Stations:

AllAboutAutoInsurance:Buying

AllAboutAutoInsurance:Coverage

AllAboutAutoInsurance:YourPremium

AllAboutAutoInsurance:RenewingYourPolicy

UnderstandingInsurance

Tips:KeepYourVehicleSafe

TaketheTime.ReporttheCrime.

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