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Managing Risk

Managing Risk

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Here's how Managing Risk aligns with curriculum standards in Washington DC. Use the filters to change the location, set of standards, and grade level.

Spending

Skills Standards

SP.S.1: Create a budget based on changing individual inputs, constraints and goals.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Managing Risk
Students will develop a budget to allocate current income to necessary and desired spending, including estimates for both fixed and variable expenses.

SP.S.3: Assess the impact of unexpected expenses (e.g., medical emergencies, layoffs, car accidents), and develop effective strategies for managing these expenses.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Managing Risk
Students will determine strategies to respond to unexpected expenses.

Managing Risk

Knowledge Standards

MR.K.3: Explain different auto, homeowners and renters insurance reimbursements to policyholders for financial losses to their covered property and the costs of legal liability for their damages to other people or property.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Managing Risk
Students will explain factors that influence the cost of renters insurance and homeowners insurance.
Students will explain situations where someone may be liable for injuries or damage to another person or their property.
Students will explain the primary types of losses covered by auto, homeowners and renters insurance policies.

Skills Standards

MR.S.1: Analyze the factors that influence insurance premiums including copayments and deductibles and determine the costs and benefits of plans with different costs.

Standards
Defined by Financial Literacy Standards 9th-12th Grades and align with Managing Risk
Students will research factors that result in lower insurance premiums.