QUESTION OF THE DAY: What is the cost to repair an iPhone screen?

EDPUZZLE: Intro to Insurance             
AppleCare+ is basically an insurance plan, and like any insurance, before you can decide if it’s a good plan to purchase, you need to understand how it works. Watch this video and answer the questions.

INFOGRAPHIC: Insurance Premiums, Deductibles + Limits
In addition to having a fixed premium, most insurance plans also have a deductible and a coverage limit. Use this infographic to answer the questions.

VIDEO: How Does Insurance Work?              
This final video will explain how insurance companies manage to make money, when it seems they might be stuck paying out huge claims for ruined houses, wrecked cars, and stolen laptops. Watch the video and answer the questions.

LEARNING TARGETS:

• I can illustrate how everyone risks financial loss and how insurance shares that risk.
• I can identify factors that impact insurance premiums and the relationship between premiums, deductibles, and coverage limits.
• I can explain how the insurance industry uses risk pooling and math to provide insurance coverage and make a profit.