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Chapter 3: Understanding Financial Tools

Lesson 3.6: Basics of Insurance

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Basics of Insurance

This lesson will be demonstrating something super important but underrated—insurance. Insurance has a huge influence on ensuring our futures. Whether it's for your health, your car, your home, or your loved ones, insurance reduces the financial cost when something unexpected happens—like an accident or an emergency.

Throughout this presentation, we'll be discussing what insurance is, what types you should know about, and how to choose the right protection for your life. Once you're done, you'll understand how insurance works and why responsibility financially entails it.

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