Ka’Skyler Thompson
Course and Section Number
Program of Study
FIN 1103
Business
Finance
FIN 1103
Week 8 Individual Work
Renter’s Insurance and Automobile Insurance Claims
Assignment Instructions
To complete this assignment:
1. Answer all of the questions below in the space provided.
2. Reflect on the information presented in this week’s lesson and provide an insightful response to each question writing no more than two paragraphs.
Save and Submit to Dropbox
1. Save your work as a Microsoft Word 2010 (.docx) file that includes your name, course code, and title in the file name. For example: JaneSmith_FIN1103_Week8.docx.
2. To submit your assignment, go to the Dropbox and click "Submit Assignment."
3. Click on the drop-down menu to select the Week 8: Individual Work basket in the Dropbox.
Objective: Illustrate how property and motor vehicle insurance impact your financial resources
Locate the Action Involved Projects on page 318 of your textbook and complete numbers 1 and 3.
Action Involved Project 1: The Benefits of Renter’s Insurance.
Identify three to five of your friends who currently live in rental housing. Ask them if they are covered by a renter’s insurance policy. If not, ask them why they have not decided to buy such coverage. If they are covered, ask them to give their assessment of the costs and benefits of having a policy.
Kanassa isn’t covered buy renter insurance. She to cheap to buy it she feels like she not buying the house so she don’t need it.
Michael isn’t buying his townhouse but hope to buy renter insurance soon.
Michelle isn’t buying rental insurance because she said she can’t afford it.
Action Involved Project 3: Automobile Insurance Claims.
Interview three or four people who have been involved in an automobile insurance accident. Ask them to summarize the claims process as they experienced it and how they now view the process compared to what they expected.
Carlaneisha, where in a car wreck and someone hit her