Auto Accidents Happen TAKE ACTION AFTER AN ACCIDENT

Auto Accidents Happen TAKE ACTION AFTER AN ACCIDENT 1 © 2014 National Endowment for Financial Planning | Lesson 6 -4: Auto Accidents Happen

Auto Insurance: True or False? 1. Auto insurance covers replacement costs of any personal items stolen out of a car. 2. Imagine that while you were driving your family’s car, you and your passenger were injured in an auto accident. Your auto insurance will cover damages to your car but not costs for any medical care required by you or your passenger because that is automatically covered by a different medical insurance policy. 2 © 2014 National Endowment for Financial Planning | Lesson 6 -4: Auto Accidents Happen

Auto Insurance: True or False? 3. If someone else driving your causes an accident, your insurance company is not responsible for damage costs. 4. If you are injured while a passenger in someone’s car, the first thing you should do after the accident is fill out an insurance claim form before you forget what happened. 5. If, due to an accident, your family vehicle is unavailable to drive, your insurance company will pay for a rental car to drive to and from work while your car is in a repair shop. 3 © 2014 National Endowment for Financial Planning | Lesson 6 -4: Auto Accidents Happen

Preview Today we will answer these questions: • How does auto insurance work? • What is covered by auto insurance? • What should you do (and not do) after an auto accident? Use what you learn today to explain what is covered by auto insurance and demonstrate what a person should do after being involved in or a witness to an auto accident. 4 © 2014 National Endowment for Financial Planning | Lesson 6 -4: Auto Accidents Happen

What is Covered • Medical costs due to physical injuries – Costs if found at fault for injuries to non-policyholder(s)* – Medical payments of policyholder(s) • Damage to other property – Costs if found at fault to property damage of non-policy holder(s)* • Damage to the vehicle – Colliding with another object – Repairs due to damage other than collision (aka comprehensive coverage) *Liability coverage required in all states 5 © 2014 National Endowment for Financial Planning | Lesson 6 -4: Auto Accidents Happen

There’s Been an Accident. Now What? Do … 6 • Remain calm • Seek medical attention • File police report • Stick to the facts • Contact insurance agent • Share contact and insurance information • Document details; take photos • Keep records for future reference Avoid … • Leaving the scene • Sharing too much • Signing anything • Lying • Falsifying claims © 2014 National Endowment for Financial Planning | Lesson 6 -4: Auto Accidents Happen

Reflection • If you have ever been involved in or a witness to a vehicle accident, what do you think you handled well? What do you wish you had done differently and why? • What do you think are three most essential things to do or not do when involved in a vehicle accident and why? • What do you think are the two most essential things to do or not do if ever a witness to a vehicle accident and why? 7 © 2014 National Endowment for Financial Planning | Lesson 6 -4: Auto Accidents Happen

Challenge Auto Accident Prep Plan 1. Outline an action plan to use as a guide should you ever be involved in an auto accident. 2. Create a checklist of helpful information, supplies and equipment to quickly access if ever involved in an automobile mishap. 8 © 2014 National Endowment for Financial Planning | Lesson 6 -4: Auto Accidents Happen