Episode 13 of 60 · Financial Literacy: Cash Course
Insurance Basics
Grades 6th+
Financial Literacy — Economics & Financial Literacy · Financial Literacy · Economics — American History · Government · Economics — Contemporary World Issues · Captions
About This Video
Before getting behind the wheel of a car or embarking on life on their own, teens should have a basic understanding of what insurance is and why it’s necessary. This episode of Cash Course teaches youth and young adults what they need to know about health, home, and auto insurance—from premiums and deductibles to claims and coverage—to help them better navigate unexpected expenses from injuries or accidents.
Standards Met in Ohio
- 9-12.27Grades 9th, 10th, 11th, 12thA comprehensive insurance plan (health, life, disability, auto, homeowners, renters, liability, etc.) serves as a safeguard against potential loss.
- AMH.9-12.19.bGrades 9th, 10th, 11th, 12thDescribe life during the Great Depression.
- CWI.9-12.17.lp.gGrades 9th, 10th, 11th, 12thIdentify types of conflict that might happen at home.
- EFL.9-12.24.aGrades 9th, 10th, 11th, 12thIdentify and describe different types of insurance and the benefits covered by each (e.g., health, life).
- EFL.9-12.24.bGrades 9th, 10th, 11th, 12thMatch different types of insurance to their benefits (e.g., disability, life, health).
- EFL.9-12.24.cGrades 9th, 10th, 11th, 12thIdentify one or more reasons to use health insurance.
- EFL.9-12.24.lp.aGrades 9th, 10th, 11th, 12thIdentify different types of insurance that can be purchased (e.g., life insurance-can help families pay for their expenses after an insured family member dies, disability insurance-can help workers pay for their expenses if they have been hurt at work, health insurance can be purchased by a consumer to help pay for medical costs, such as doctor visits, medication, hospitalization, etc..