Case Study Mark And Kelly Prince Have A Crisis
1. Case Scenario: Mark and Kelly Prince have a crisis! Their automobile insurance company has notified them that their current coverage expires in 30 days and will not be renewed. Mark and the Princes’ younger son each had a minor, at-fault accident during the past year. Their children are otherwise good drivers, as are both parents. The Princes are confused because they know families whose members have much worse driving records but still have insurance. Do not bold your font. Use at least 120 words.
a. Explain to Mark and Kelly in detail why their policy might have been canceled.
i. One of the reason for the cancellation of insurance is not responding to the insurance company about renewing their insurance with the company. The company may feel like they were not interest with that insurance company anymore. Another reason can be that Prince and his son was at fault for an accident during that year. The company may view them as liability and is not willing to potentially pay for another accident that may occur with them.
b. …show more content…
Use the box on page 305 to give Mark and Kelly some pointers on how to save money when shopping for a new auto insurance policy, especially considering the accidents that are now on their record.
i. I would Advise the family to get family auto insurance so it will protect their entire family who is able to drive legally ii. Automobile bodily injury liability should be another opionion for the family to have. This will cover any bodily harm that they may cause during a crash iii. Medical insurance should be consider when it comes to insurance. The Kellys can get personal injury protection so they will pay for their medical bills and for their lost wages they may loss because of a incident
3. An Argument About the Value of
a. Explain to Mark and Kelly in detail why their policy might have been canceled.
i. One of the reason for the cancellation of insurance is not responding to the insurance company about renewing their insurance with the company. The company may feel like they were not interest with that insurance company anymore. Another reason can be that Prince and his son was at fault for an accident during that year. The company may view them as liability and is not willing to potentially pay for another accident that may occur with them.
b. …show more content…
Use the box on page 305 to give Mark and Kelly some pointers on how to save money when shopping for a new auto insurance policy, especially considering the accidents that are now on their record.
i. I would Advise the family to get family auto insurance so it will protect their entire family who is able to drive legally ii. Automobile bodily injury liability should be another opionion for the family to have. This will cover any bodily harm that they may cause during a crash iii. Medical insurance should be consider when it comes to insurance. The Kellys can get personal injury protection so they will pay for their medical bills and for their lost wages they may loss because of a incident
3. An Argument About the Value of