Business and Public law Informative paper TYPES INSURANCE

Write a 4 to 6 page paper with separate paragraphs on each of the following types of insurance. You must include one interview of a relative or someone who works in the insurance industry. The paper should be a minimum of four full pages typed with one interview of an individual, two sources and yes one of those sources can be your book. You must include detailed examples for each type of insurance. You must find and quote one case or article on insurance. An informative paper is one in which you inform your reader.

You must have a paragraph on each of the following types of insurance:

1. Automobile insurance. Explain liability insurance, under insured insurance and why you should not only carry the minimal state required insurance (if you total a car that costs $50K you owe the difference)

2. Homeowners Insurance. If you got 4 quotes from 4 different insurance companies on a $200K house, the quotes would all be different. Why do smart people never let the insurance company charge them for insurance on the land? Now, if you owe $180K on that $200K house then you have to carry 180K at least in insurance (you have to cover the mortgage on the home). But if the land is worth $30K and you only owe $100K then you should only buy $170K in insurance. Agree or disagree? (no right or wrong answer).

3. Term Life Insurance Be sure and take a $50K policy and compare to a $50K whole life policy

4. Whole life insurance Be sure and take a $50K policy and compare or a $50K term policy

5. Long term Disability insurance