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Protecting yourself against risk

Updated

After reviewing a handout about insurance, students will match types of insurance to the scenarios they cover.

Big idea

Planning ahead for unexpected events makes it easier to face financial challenges. 

Essential questions

  • What are some common types of insurance people buy to protect themselves from risk?
  • How does insurance protect you from paying high costs if something goes wrong?
  • What are events or situations that can arise that insurance won’t cover?

Objectives

  • Identify some common types of insurance
  • Understand how to budget for losses that aren’t covered by insurance

What students will do

  • Identify different types of insurance
  • Understand what insurance policies cover and don’t cover
  • Know how to save for emergencies that aren’t covered by insurance