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Lesson 8 - Overview

Lesson 8 -   Home and Automobile Insurance

 Objectives

Upon successful completion of this lesson, students will be able to:

LO8.1

Identify types of risks and risk management methods and develop a risk management plan.

LO8.2

Assess the insurance coverage and policy types available to homeowners and renters.

LO8.3

Analyze the factors that influence the amount of coverage and cost of home insurance.

LO8.4

Identify the important types of automobile insurance coverage.

LO8.5

Evaluate factors that affect the cost of automobile insurance.

 

Overview

In today’s world of the “strange but true,” you can get insurance for just about anything. You might purchase a policy to protect yourself in the event that you’re abducted by aliens. Some insurance companies will offer you protection if you think that you have a risk of turning into a werewolf. If you’re a fast runner, you might be able to get a discount on a life insurance policy. Some people buy wedding disaster insurance just in case something goes wrong on the big day. You may never need these types of insurance, but you’ll certainly need insurance on your home, your vehicle, and your personal property. The more you know about insurance, the better able you will be to make decisions about buying it.
Insurance is protection against possible financial loss. You can’t predict the future. However, insurance allows you to be prepared for the worst. It provides protection against many risks, such as unexpected property loss, illness, and injury. Many kinds of insurance exist, and they all share some common characteristics. They give you peace of mind, and they protect you from financial loss when trouble strikes.

 

Read:

Chapter 8 (LearnSmart)

 

View:

Chapter 8 Narrated Slides Links to an external site.

Download Chapter 8 PowerPoint

Chapter 8 Videos

 

Discuss:

Download PF Ch 8 Discussion Outline.docx

 

Helpful file(s) and information:

 

Submit:

Connect and LearnSmart

  • LearnSmart (estimated 45 minutes, but will vary by user)
  • Chapter 8 Homework (5 questions, You may want to wait until after math lesson in class.)