The "I'm Glad That I Have Renters Insurance" Activity (courtesy of Brian Page)
While on the subject of insurance, thank you to Brian Page for sharing his two-part activity to teach students about renters insurance. Once students choose their policy option they get one of those unwelcome surprises where they get to immediately apply what they have learned.
Renters Insurance has never seemed so exciting, so just remember, stay calm...
Handout: Renters Insurance
Part I (20 minutes): Imagine you are a recent high school graduate renting an apartment. You are making $2,000 monthly (net pay) and can afford the monthly premium of any of the three options below. The teacher will model how the slider on this tool works so you can determine the total value of the possessions you will most likely have in your apartment.
What is the likely total value of the possessions in your future apartment? (Note - this is the first step in selecting a renters insurance policy. If your total possessions are less than the deductible, renters insurance is not necessary)
After everyone is done, we will move forward together as a class with Part II of this activity.
Insights from Brian after using this activity with his students:
Looking for additional engaging insurance activities? Be sure to check out NGPF's Insurance resource page!
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