Lesson Plan for Senior Secondary 2 - Insurance - Theft Insurance I

Here's a detailed lesson plan for teaching students in Senior Secondary 2 about Theft Insurance: --- ### Lesson Plan: Theft Insurance **Grade Level:** Senior Secondary 2 **Subject:** Business Studies / Economics / Personal Finance **Duration:** 60 minutes **Objective(s):** - Understand the concept of theft insurance and its importance. - Learn how theft insurance policies work, including coverage and exclusions. - Develop skills to compare different theft insurance policies. - Understand the claims process and responsibilities as a policyholder. **Materials Needed:** - Whiteboard and markers - PowerPoint presentation or printed handouts - Sample theft insurance policies - Case studies / real-life theft insurance claims examples - Pen and paper for students - Internet access (optional for extended activities) **Lesson Outline:** **1. Introduction (10 minutes)** - **Greeting and Warm-Up:** Briefly engage students with an opening question: - "Has anyone ever experienced or known someone who has experienced theft?" - Allow a few students to share short stories. - **Objective Introduction:** - Explain the objectives of the lesson. - Define theft insurance: *"Theft insurance is a type of insurance policy that provides coverage for loss or damage due to theft or burglary."* **2. Explanation of Theft Insurance (20 minutes)** - **Basic Concepts:** - What is theft insurance? - Importance of theft insurance: Protection of personal property, peace of mind, financial security. - **Coverage and Exclusions:** - What typically is covered (e.g., personal belongings, business inventory). - Common exclusions (e.g., unattended items, non-forced entry). - Differences between homeowners/renters theft insurance and commercial theft insurance. - **Policy Details:** - How to choose a theft insurance policy. - Key terms: Premium, deductible, coverage limit, policyholder. - Importance of reading the fine print. **3. Case Studies and Examples (15 minutes)** - **Real-Life Examples:** - Present a few brief case studies where theft insurance was claimed. - Discuss how the insurance helped or any issues that arose. - **Interactive Activity:** - Divide students into small groups. - Provide each group with a sample theft insurance scenario. - Ask groups to identify what would be covered and what wouldn't. - Each group presents their findings to the class. **4. Claims Process (10 minutes)** - **Step-by-Step Claims Process:** - What to do in case of a theft: Contact authorities, document the loss, contact your insurer. - Required documentation: Police reports, proof of ownership, photos of damage/loss. - How claims are assessed and processed. - **Role-Playing Activity:** - Select a few volunteers to participate in a role-playing scenario where a theft has occurred, and they have to make an insurance claim. - The rest of the class can act as the "insurance company" asking questions and requesting documentation. **5. Conclusion and Q&A (5 minutes)** - **Review Key Points:** - Summarize the importance of theft insurance. - Highlight the steps to take when choosing a policy and making a claim. - **Questions and Answers:** - Open the floor for any questions from students. - Provide clarifications and additional examples if necessary. **6. Homework Assignment (Optional)** - **Research Assignment:** - Ask students to research and compare two theft insurance policies from different companies. - Write a short essay on which policy they would choose and why. **Assessment:** - Students’ participation in group discussions and activities. - Evaluation of the role-playing activity based on understanding and articulation. - Review of the homework assignment for completeness and insight. --- This lesson plan aims to engage students with interactive components while providing them with essential knowledge about theft insurance, helping them make informed decisions in the future.