HSFPP Home > Students > Unit 6 – Insurance

Unit 6 Insurance: Protecting What You Have
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Unit Competency and Objectives

Unit Overview: This outlines what you will learn in this unit and a way to track your progress on assignments and the assessment.

Student Learning Plan: Use this learning plan to track which learning activities you have accomplished through the unit.

 

Exercises

Exercise 6A: Risky Business
What risks do you face in your daily life? You'll list them in the first column of this exercise.

Exercise 6B: Manage the Risks
Remember the risks you listed in the first column of Exercise 6A? You'll go back to that exercise, and in the second column, recommend ways to reduce or avoid those risks.

Exercise 6C: Managing the Possibility of Risk
You'll read about Michael's situation and recommend options for Michael to manage his risk of loss.

Exercise 6D: My Personal Property Inventory
You'll take inventory of items—including electronic devices, CDs, and clothing—you personally own and estimate what it would cost to replace each one.

Exercise 6E: What's in an Application?
Do you own a car? If so, you need to have insurance. In this exercise, you'll fill out a sample application for automobile insurance.

Exercise 6F: Filing a Claim
You'll use the information from Rachel's situation at the beginning of Unit 6 to fill out a sample automobile insurance claim form.

Exercise 6G: What's Covered?
Get out your magnifying glass again! You'll review an insurance policy to identify what's covered and what isn't covered.

 

Assignments

Assignment 6-1: A Case for Insurance
Required Criteria
How can your fellow high school students reduce the common risks they face? You'll create a poster, brochure, or one-minute commercial to provide tips.

Assignment 6-2: My Personal Financial Risk Exposures
Required Criteria
You'll list three personal financial risks, the potential loss you'd face from each risk, and a way to manage each risk.

Assignment 6-3: Insure the Car of Your Dreams
Required Criteria
How much would it cost to insure the car of your dreams? You'll use the decision-making process to come up with criteria and evaluate the options.

 

Assessment

Assessment 6-1: My Insurance Plan
Required Criteria
You'll use what you've learned in Unit 6 to create an insurance plan that will minimize your personal or financial losses.

 

Optional Activities

In the Instructor's Manual, teachers are provided “optional activities” to supplement your learning. Not all teachers will have time to have you complete in class. In case you are interested in expanding your knowledge a bit more, check out the optional activities below. Once you complete an activity, you mind need to check your answers with your teacher. They have a copy of the answer keys.

• You'll see a presentation about how insurance is used to handle financial risk and study an insurance policy to learn insurance terms.
• You'll listen to an insurance agent speak about the purpose of insurance. Then you'll summarize what you've learned and will be able to apply to your own situation.
• You'll find out how people get insurance for risky situations such as dangerous jobs.
• You'll meet with your parents' insurance agent to talk about automobile insurance and ways to reduce its costs.
• You'll analyze different accident scenarios to determine which type of insurance will cover any damages.
• You'll work alone or with a friend to complete the Unit 6 Success Street Sweep activity on the HSFPP Web site.

 

Supplementary Materials

There are some handouts which “supplement” what you are learning in the curriculum. Your teacher has some in the Instructor's Manual. But, if you are curious – explore.

 

Taking It Home

For Students:

1. You'll list the types of insurance policies that apply to your current household.
2. You'll take home and read a newsletter article about how insurance can help manage financial loss as well as ways to reduce the cost of insurance.
3. You'll ask your parents about the lessons they've learned about insurance and/or managing financial risk.

For Parents:

1. You'll help your teen make a list of insurance policies that currently apply to your household.
2. You'll read a newsletter article your teen brings home from school and discuss how insurance can help you manage financial loss as well as ways to reduce the cost of insurance.
3. You'll discuss with your teen the lessons you've learned about insurance and/or managing financial risk.

 

Links

Below are helpful resources related to this unit.