FINANCIAL LITERACY The Money Trail Part 22 - Property, Liability & Vehicle Insurance 2016 Update – “No Insurance + Catastrophic Event = Bankruptcy!”-- Students learn that people spend large amounts of money on personal property such as homes, furniture, appliances, clothing, jewelry, vehicles, motor homes, boats, etc. The loss of an expensive asset without insurance would be financially devatating to most of us!
Students will also learn that no one escapes the potential of risks in their daily life. Risks such as car accidents, illnesses, injuries, theft, fire, etc. cost money. Unfortunately, your students cannot avoid most risk, but they can avoid the financial costs the risks can cause if they purchase insurance. Insurance is the protection against possible financial loss. An insurance company, or insurer, accepts the risk and agrees to pay for losses that may happen to anyone it insures.
When student’s leave home and rent an apartment or house, what kind of insurance should they consider? What type of insurance makes sense for a new driver? What is liability insurance? If there is a car accident, do your students know what they should do?
Then, Financial Literacy: The Money Trail Series
is just what you are looking for! In each part of the series, students will develop a working knowledge of the financial decisions that they need to make now and in the future. The Financial Literacy Parts are reinforcement activities using current research stats that parallel the standards. They are not intended as stand-alone units rather they are interactive activities between the teacher and students.
The Money Trail Series supports the National Standards for Financial Literacy in the following: Earning Income, Buying Goods and Services, Saving Money, Using Credit, Investing, Protecting and Insuring.
Here are the links to all FINANCIAL LITERACY categories where you can find the products that are of interest to you. These links include 24 Chapters and Activities, Instructional PowerPoints for ALL Chapters, Checkpoints (Tests), 3 in 1 Package Deals, Bundles "Galore, and the "Flip of the Die" Budgeting Simulation. For more information, click on these links below:
FINANCIAL LITERACY - Individual Chapters & Activities
FINANCIAL LITERACY - PowerPoints for ALL Individual Chapters
FINANCIAL LITERACY - Checkpoints (Tests)
FINANCIAL LITERACY - 3 in 1 Package Deals (Chapter, Test & PPT)
FINANCIAL LITERACY - Bundles "GALORE"
FINANCIAL LITERACY - FLIP OF THE DIE "`14-Day Budgeting Simulation."
This activity fits nicely with the FINANCIAL LITERACY - "The Money Trail" series. It is a hands-on computerized (EXCEL spreadsheet) unit that reinforces what students learn when they finish or during the "The Money Trail" Parts. Access to computers is essential when teaching this unit. An option could be to use this activity as a final project. "
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