Florida SS.8.FL.6.6
The Standard
Explain that individuals can choose to accept some risk, to take steps to avoid or reduce risk, or to transfer risk to others through the purchase of insurance and that each option has different costs and benefits.
Florida Next Generation Sunshine State Standards for Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students compare ways to handle financial risks, including paying losses themselves, lowering the chance of loss, and buying insurance. They explain the costs and benefits of each choice.
What Mastery Looks Like
- Students can match a risk-management choice to a given situation and explain the tradeoff. They can defend a choice using details such as premiums, deductibles, possible losses, and prevention costs.
Common Misconceptions
- Students may think insurance prevents losses or pays every cost. They may also assume avoiding risk is free, accepting risk is always careless, or the lowest premium is always best.
How to Assess It
- Exit ticket: For a $700 laptop, give one way to accept, reduce, and transfer damage risk. State one cost and benefit for each choice.
Lesson moves
Ways to Teach It
Have groups sort household risk cards under accept, reduce, or insure, then add one likely cost and benefit to each card.
Ask students to write: Would you buy phone insurance, use a protective case, or accept the risk, and why?
Play Risk Choice Relay, where teams match scenario cards with strategies and earn points for accurate cost and benefit explanations.
Compare two sample auto insurance plans, then have students choose one based on premiums, deductibles, coverage limits, and personal risk.
Keep exploring
Related Standards
- SS.8.FL.6.2
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.
- SS.4.FL.6.3
Describe ways that individuals can either choose to accept risk or take steps to protect themselves by avoiding or reducing risk.
- SS.4.FL.6.1
Explain that risk is the chance of loss or harm.
- SS.8.FL.6.3
Describe how a person may self-insure by accepting a risk and saving money on a regular basis to cover a potential loss.
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