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

## Lesson Plan: Theft Insurance II ### Class Details - **Subject:** Insurance - **Class:** Senior Secondary 2 - **Duration:** 60 minutes - **Topic:** Theft Insurance II ### Objectives By the end of the lesson, students will be able to: 1. Understand the concept of theft insurance. 2. Identify the elements and importance of theft insurance. 3. Differentiate between types of theft insurance policies. 4. Analyze a theft insurance policy to determine coverage and exclusions. ### Materials Needed - Whiteboard and markers - Projector and computer for presentation - Handouts of theft insurance policy examples - Notebooks and pens for students ### Lesson Structure #### Introduction (10 minutes) 1. **Greeting and Attendance:** - Greet the students and take attendance. 2. **Recap of Previous Lesson:** - Quick review of what was covered in Theft Insurance I (e.g., basic definition, principles, and some key terms). 3. **Introduction to Today's Lesson:** - Explain what will be covered today: deeper understanding of theft insurance, types of policies, and detailed policy analysis. #### Presentation (20 minutes) 1. **Definition:** - Define theft insurance clearly, reiterating its purpose: to provide financial compensation for losses due to theft. - **Example:** - Discuss a real-life scenario where theft insurance was beneficial. 2. **Elements of Theft Insurance:** - **Coverage:** - Explain what types of items are typically covered (e.g., electronics, jewelry). - **Exclusions:** - Highlight common exclusions (e.g., theft by family members or employees). - **Premium:** - Discuss how premiums are calculated based on risk assessment. 3. **Importance of Theft Insurance:** - Talk about why theft insurance is important for both individuals and businesses. - Discuss statistics on theft and the financial impact of not having insurance. 4. **Types of Policies:** - **Homeowners/Renters Theft Insurance:** - Coverage for personal belongings within the home. - **Commercial Theft Insurance:** - Coverage for businesses, including stock and equipment. - **Auto Theft Insurance:** - Coverage for personal or commercial vehicles against theft. #### Group Activity (15 minutes) 1. **Policy Analysis Exercise:** - Divide students into small groups. - Hand out examples of different theft insurance policies. - **Task:** - Each group will analyze their given policy to identify the coverage details, exclusions, and special conditions. - **Guidance:** - Provide guiding questions to help focus their analysis (e.g., "What items are covered?", "What are the specific exclusions?", "What is the deductible amount?"). 2. **Group Presentations:** - Each group will present their findings to the class. - Encourage questions and discussion after each presentation. #### Discussion and Q&A (10 minutes) 1. **Discussion:** - Open a discussion on the findings from the group activity. - Discuss any similarities and differences between the analyzed policies. 2. **Q&A Session:** - Allow students to ask questions about theft insurance or any unclear points from the lesson. - Provide detailed and comprehensive answers. #### Conclusion (5 minutes) 1. **Summary:** - Recap the key points covered in the lesson. - Re-emphasize the importance of understanding theft insurance and how to evaluate policies. 2. **Assignment:** - Assign a homework task where students must find and bring details of a real theft insurance policy (either from their family's policy documents or through internet research) to the next class for further analysis. 3. **Closing:** - Thank students for their participation and engagement. - Remind them to review their notes and be prepared for the next lesson. ### Evaluation - **Formative Assessment:** - Participation in group activity and presentation. - Engagement during the discussion and Q&A session. - **Summative Assessment:** - Homework assignment analysis in the next class. ### Follow-Up - Review students' homework in the next lesson and provide feedback. - Discuss any additional questions or clarifications students might have regarding theft insurance policies.