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Car insurance learning objective

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Reference no: EM133047944

Car Insurance Learning Objective: to deploy a basic understanding of car insurance

1. Suppose a car insurance company sells you an insurance policy that "gets you legal" and costs $7.50 per month. What is the problem with this insurance policy? 

2. For the following questions, (Anything as an example just show a reason)

find the percentage of people in your group who have an immediate family member who has been in each event:

a. Been in a car accident?

b. Been in an uninsured motorist accident??

c. Had their car damaged outside of the above events?

3. Based on the above information, estimate the chances (using a percent value) that someone will be in a car accident or have their car damaged in the next year? Explain/show your reasoning. (Anything as an example just show a reason) 

4. What is the average of the above percentage for your group? (Anything as an example just show a reason)

Reference no: EM133047944

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