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Renters Insurance: Analyzing Sample Policy

(*)(*)(*)(*)( ) ( 4.0, 31 students)
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  • Price per Classroom$1.00
  • Grade Levels 7, 8, 9, 10
  • Topics Insurance
  • Duration 15 Minutes
  • Auto Scored? Yes
  • Teacher Evaluation Needed? No

Activity Description

In this interactive worksheet, students will analyze a sample renter's insurance policy to understand the coverage limits, standard deductible, and additional coverage options available. By reviewing the policy document and selecting additional coverages, students will see how the premium is calculated and understand the value of comprehensive insurance protection.

Activities:

  • Policy Document Review: Students will be presented with a sample renter's insurance policy detailing the coverage limits for various items such as personal possessions, personal liability, mold liability, and medical payments, along with the standard deductible.
  • Additional Coverage Selection: Students will have the option to select additional coverages such as water backup overflow, equipment breakdown, and computer protection. As they make their selections, the premium will be auto-calculated and displayed.
  • Question and Answer: Students will answer a series of questions that can be answered by analyzing the policy document. These questions will help reinforce their understanding of the policy details and the importance of comprehensive coverage.

Learning Objective

The learning objective of this activity is to enable students to comprehend the key terms, coverage details, and exclusions outlined in a renter's insurance policy, fostering knowledge and understanding of insurance policy documents, and promoting informed decision-making regarding insurance coverage options and protection for personal belongings. The policy to be analyzed is -



Teacher Tips

Included with the activity, you can view the tips to clarify student's doubts or to evaluate answers (for a teacher scored worksheet).

National Standards in Personal Financial Education

Managing Risk -
Managing Risk

Students will know that Insurance fraud is a crime that encompasses illegal actions by the buyer (e .g ., falsified claims) or seller (e .g ., representing non-existent companies) of an insurance contract .. Students will use this knowledge to 12-10a . Provide examples of insurance fraud . 12-10b . Investigate the legal consequence for individuals who are convicted of insurance fraud .

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  • Price per Classroom$1.00
  • Grade Levels 7, 8, 9, 10
  • Topics Insurance
  • Duration 15 Minutes
  • Auto Scored? Yes
  • Teacher Evaluation Needed? No