文档介绍：INSURANCE
UNIT 11
Unit 11 Insurance
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North Carolina Driver and Traffic Safety Education Association
Insurance
Any form of insurance is that you pay a relatively small amount so no one gets caught with a large financial loss.
. $500/year homeowners policy will pay for a $100, house or a $500, lawsuit.
Unit 11 Insurance
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North Carolina Driver and Traffic Safety Education Association
Types of insurance other than automobile insurance
All forms of insurance are the same concept.
You protect against a large financial loss.
Homeowners, life, health, renters, disability, dental are just some of the forms of insurance other than car insurance.
Unit 11 Insurance
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North Carolina Driver and Traffic Safety Education Association
“Financial responsibility"
In NC, as most other states, an owner/driver is required to prove financial responsibility in order to legally operate a motor vehicle.
A driver must be responsible for any damage he/she does to someone else or their property.
Unit 11 Insurance
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North Carolina Driver and Traffic Safety Education Association
Ways for someone to prove financial responsibility in North Carolina
The two ways to prove financial responsibility are
to post a cash bond, in effect self insuring you or pany
buy liability insurance.
Unit 11 Insurance
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North Carolina Driver and Traffic Safety Education Association
Personal injury liability
Personal injury liability (PIL) insurance protects the owner/driver against having to pay for injuries they have caused to others.
PIL will pay up to the limit, amount purchased, of the policy.
Unit 11 Insurance
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North Carolina Driver and Traffic Safety Education Association
Personal injury liability
The minimum amount allowed by law in NC is $60, per accident, all persons injured, and $30, per person, anyone person.
This is not enough coverage to adequately protect you if you seriously hurt someone. 100/300 or 300/300 might be a better choice even i