How to Teach About Insurance
Insurance comes in many types and can cover homes, automobiles and lives. With so many insurance products available, teaching about insurance should be done in phases. Instructors need to develop a lesson plan that includes an overview of the basic types of insurance which are available, the coverages that are included and the reason insurance is purchased in the first place.
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Instructions
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1
Discuss the various types of insurance products and policies that are available. Discuss the purpose of insurance and why coverage is needed. This can include the need for car, home, life and health insurance.
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2
Explain the insurance terms used when describing a policy. Typical insurance terms include coverage, deductible and premium payments.
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3
Discuss laws that require certain types of insurance to be purchased. The protections provided by an insurance policy also should be a topic of discussion.
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4
Discuss various coverage options that are available with certain types of policies. Include coverage options that are available with an automobile, homeowners and life insurance policy.
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Provide information about how liability insurance protects a policyholder. Include information about how coverage that is provided on a home and automobile policy typically pays for medical costs but can also pay for legal costs if a policyholder is sued.
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Explain how benefits are paid for health insurance. This should include how the deductible needs to be paid before benefits are received.
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Tips & Warnings
Insurance can include many different topics that may need their own separate discussion if a brief overview is not sufficient.
Don't be too specific about insurance terms unless they are needed for the discussion. Insurance terms sometimes can be hard to understand if they are not fully explained.
