The poor economy has caused the car buying industry to decline. The owner of four area car dealerships has come to you with the idea to offer a course on auto insurance to the general public. The owner hopes to drum up new business and create a partnership with your company in order to increase his sales. He has asked you to create a PowerPoint presentation on what new car buyers need to know about automobile insurance. You need to remember, you may have a lot of young people (late teens, early twenties), and English as a Second Language purchasers attending this course. Your presentation should include:
Explanation of how the tort liability system applies to automobile accidents.
The classes of people covered under the Personal Auto Policy (PAP).
Explanation of the purpose of uninsured motorist insurance (provide a specific example).
Description of how insurers settle losses under the PAP.
Research on three other points that your "students" will need to know when seeking out homeowners insurance.
Be thorough in your explanation about why these points are important.