Florida SS.8.FL.6.2

Social Studies8th GradeProtecting and Insuring

The Standard

Identify insurance as a product that allows people to pay a fee (called a premium) now to transfer the costs of a potential loss to a third party.

Florida Next Generation Sunshine State Standards for Social Studies

Teacher's field guide

What Students Need to Do: Students explain how insurance shifts some financial risk from a person to an insurance company. They identify the premium, the possible loss, and the party responsible for covered costs.
What Mastery Looks Like: Students can use a short scenario to explain who pays the premium and who pays after a covered loss. They can also explain that coverage depends on policy terms.
Common Misconceptions: Students may think premiums are savings that are returned if no loss occurs. They may also think insurance prevents losses or pays every cost, regardless of deductibles, limits, or exclusions.
How to Assess It: Give students this prompt: “Maya pays $40 each month for phone insurance, then her covered phone is stolen. Identify the premium, loss, and transferred cost.”

Lesson moves

Give groups premium, policyholder, insurer, and loss cards, then have them build and explain a complete insurance scenario.
Ask students to write why someone might pay for insurance even if they never file a claim.
Play a matching game where students pair insurance types with possible covered losses, such as auto insurance with collision damage.
Compare two sample renters insurance offers and have students choose one based on premium, deductible, coverage limit, and exclusions.

Keep exploring

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