Homeowners Insurance: The Basics

Overview

Homeowners Insurance: The Basics is a 60 minute lesson designed to cover the fundamentals of homeowners insurance. This lesson introduces students to the concept of homeowners insurance. The question of what a basic homeowners and renters insurance policy is made up of. Students will also recognize factors that can enable them to reduce the risk of owning/renting a home.

Objectives

The students will:

Discuss ways to prevent home loss claims

Recognize basic homeowner's insurance terminology

Determine that renters insurance is a valuable financial tool

Recognize basic policy types

Understand risk avoidance in their home

Identify basic policy features

Time Required

60 Minutes

Materials:

To download the materials, right click and 'save target as' (PC) or hold down the option key and click the link (Mac).

 Power Point Presentation

 Renter's Insurance Worksheet

 Scenarios for Renters Worksheet

 Scenarios for Renters Worksheet - Key

Procedures:

Download/View the lesson procedures.

Assessment:

Renters Insurance Worksheet

Scenarios for Renters

Resources/Contributors:

Crews, Tana B. Fundamentals of Insurance. Dubuque: South-Western, 2003

Linda Lambert, Ellen Geis, Terrence Mulgrew, Christy Johnson, Karen Razzino, Elaine Ryan,