Category: Insurance

Reading List for August 21-23

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Aug 21, 2020
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Financial Literacy, Economics, Investing, Taxes, Insurance, Paying for College
Financial Literacy Charles Schwab released its Financial Literacy Survey. Here are the highlights: On a scale of 1-100, Americans rated money management (62.9) as the most important skill for kids to learn, edging out the dangers of drugs and alcohol (60.5), healthy eating and exercise habits (58.3), and safe driving practices (57). (BusinessWire) Technology (FinTech) could develop in a way to further divide the financially vulnerable from everyone else, or it could be developed in a way to...

Question of the Day (UPDATE): What is the cost to repair an iPhone screen?

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Aug 17, 2020
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Insurance, Question of the Day
Answer: $29-$329, depending on the model and whether you have carry the AppleCare+ insurance You carry them around with you all the time and apparently break them quite a bit. According to this survey, 2/3 of smartphone users damaged their phones in the past year. Cost to repair specific models found in Question of the Day slides. Questions: Have you damaged your phone in the last year? If so, have you gotten it repaired?  Do you carry cell phone insurance? Why or why not?  Does...

EdPuzzle Thursday: Health Insurance

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Jul 29, 2020
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EdPuzzle Thursday, Insurance
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.  This week we have two EdPuzzle videos both focusing on health insurance.  The first EdPuzzle video titled "I'm Young & Healthy, Can I Skip Health Insurance?" explains the benefits of having health insurance as a young...

What's New With Insurance--2020

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Jul 23, 2020
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Insurance, Current Events
Auto Insurance Undoubtedly, people are driving less during the pandemic. Logic would suggest you should be paying less for your auto insurance. Many companies pro-actively decided to send their policyholders’ rebates or credits for lower usage early on in the pandemic (April and May). (Check out Consumer Reports for a list of what their twenty top-rated companies are doing.) But you should not be satisfied with just those rebates. Several recent articles suggest you call your insurance...

EdPuzzle Thursday: INSURANCE

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Jul 08, 2020
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EdPuzzle Thursday, Insurance
EdPuzzle is a great platform to test for knowledge while students watch a video and learn remotely. We will be releasing new EdPuzzle videos here on the blog each week so that your students can answer questions that are directly embedded within engaging videos.  This week we have two EdPuzzle videos both focusing on insurance.  The first EdPuzzle video titled "Intro to Insurance" explains the basics of insurance such as how it works and common terminology.      In the...

Virtual Adaptation: COMPARE: Types of Car Insurance

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Jun 01, 2020
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Teaching Remotely, Insurance
[Updated 8/26/20] As the school year is coming to an end for many teachers and learning is taking place online, keeping students engaged is key. One topic that always proves to be interesting to students is buying and insuring a car. The activity PLAY: Types of Car Insurance requires students to identify the different types of auto insurance coverage and determine the appropriate type of insurance to cover damages in multiple scenarios.  At a time where many schools have transitioned to...

Virtual Adaptation: MOVE Activities (Part II)

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May 18, 2020
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Teaching Remotely, Insurance
Last week, we posted virtual adaptations for three of our most popular MOVE activities (view the post here). By request, here are adaptation ideas for TWO additional MOVE activities. As a reminder, these ideas are not meant to take away from the magic of MOVE activities. NGPF MOVE activities are some of the best activities to encourage movement and collaboration in a traditional learning environment. However, at a time where many schools have transitioned to offering synchronous and asynchronous...

Question of the Day; How much more (in %) does a driver with a poor credit score pay for auto insurance?

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May 11, 2020
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Question of the Day, Insurance
Answer: 57% 13 leading insurers (from Value Penguin) Questions Why do you think that auto insurers charge higher premiums for policyholders with lower credit scores?  Given the wide variance in auto insurance rates, does comparison shopping make sense?  Find the insurers with the three lowest premiums for poor credit. Then find the three lowest premiums for excellent credit. Are they the same there insurers? Click here for the ready-to-go slides for this Question of the Day...

Question of the Day: One auto insurer is providing $600 million in rebates to its customers in April and May. Why?

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Apr 07, 2020
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Insurance, Question of the Day, Current Events
Answer: Allstate is providing rebates to its auto insurance customers in April and May as Americans drive less than normal during the coronavirus pandemic. Questions: How does less driving by their policyholders help an auto insurance company’s profits? Do you think this is a good idea for this company to do?  If you were an auto insurance company, would you feel pressure to offer rebates to your customers? Do you think that other insurers will follow Allstate? Click here for...

Reading List for April 3-5

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Apr 03, 2020
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Economics, Investing, Student Loans, Insurance, Financial Scams
Current times are impacting every aspect of our financial lives, so this week’s list is a bit longer than usual, allowing you to decide what is relevant in your world at the moment. Economics/Federal Reserve: The view of what is going on and how the Federal Reserve is working to mitigate the economic hits from this crisis has been presented by regional Federal Reserve Presidents: Neel Kashkari (Minneapolis) compares the 2008 response to this year’s stimulus bill in an Op-Ed piece...

Question of the Day: What's the average value of property taken during burglaries?

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Mar 03, 2020
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Insurance, Question of the Day
Answer: $2,799 10 states with highest incidence of burglaries:  Questions: What do you think are the items of value most frequently taken during a burglary? How can you protect against the possibility of your home/apartment being robbed? If your home is robbed and you don't have insurance, how can you recover your losses?  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Behind the numbers (FBI):  Offense Analysis, Number...

Question of the Day: How long will most driving violations affect your car insurance rates?

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Feb 18, 2020
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Question of the Day, Insurance
Answer:  Questions: What driving violations do you think are most common among teen drivers?  Why do you think that insurance companies increase the cost of auto insurance for those who have driving violations for so many years after the violation?  Does this seem fair to you? Explain.  Click here for the ready-to-go slides for this Question of the Day that you can use in your classroom. Source: State of Insurance 2020 (The Zebra.com) For a detailed analysis of various...

Reading List for January 31-Feb 2

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Jan 31, 2020
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Personal Finance, Behavioral Finance, Budgeting, Paying for College, Taxes, Insurance
Happy Super Bowl Weekend!  In case you missed this week's FinCap Friday, Credit Crunch details how the FICO methodology will impact millions of consumers.  Personal Finance/Financial Literacy This article from the NY Times “Smarter Living” section got some attention this week in social media. “Does Personal Finance Still Work in our changing Economy?” contains a great discussion of the findings of the book The Financial Diaries (Rachel Schneider and Jonathan...

QoD: Guess the percentage of each age group that has their driver's license: 16 year olds? 17 year olds? 18 year olds?

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Jan 22, 2020
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Question of the Day, Insurance, Budgeting
Answer: 16 year olds: 25.6% 17 year olds: 49% 18 year olds: 60.9% Questions: When did you get your driver’s license OR when do you plan to get your license? What factors determined/will determine when you get your license? When it comes to auto insurance, do you think the cost of insuring a 16 year old is higher or lower then insuring an 18 year old? Explain your answer. What has been the overall trend in the percentage of teens with driver's licenses over the past 40-50 years? What...

QoD: What can save you the most when it comes to auto insurance: 1) Improving credit score 2) Driving a used car 3) Paying for policy in advance?

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Jan 19, 2020
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Question of the Day, Insurance, Research
Answer: Improve credit score by one tier can reduce auto insurance rates by 17% Questions: Why do you think that having a higher credit score (a measure of how you manage credit) would lower your car insurance rates?  Used cars also can help you save on your car insurance. Why do you think insurance companies give you a discount if you drive a used car?  If the average auto insurance policy is $1,502 (much higher for young adults), how much could you save (in $) if you raised your...