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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.
Remarks
Identify ways in which an automobile driver can avoid, reduce, or transfer the risk of being in an automobile accident.Explain why people may prefer to purchase insurance against fire in their apartment, but self-insure to handle the cost of tooth cavities.
General Information
Subject Area: Social Studies
Grade: 8
Strand: Financial Literacy (Adopted in 2023)
Standard: Protecting and Insuring
Date Adopted or Revised: 06/14
Status: State Board Approved
Related Courses
This benchmark is part of these courses.
2104060: M/J Introduction to Personal Financial Literacy (Specifically in versions: 2019 - 2022, 2022 - 2023, 2023 and beyond (current))
Related Access Points
Alternate version of this benchmark for students with significant cognitive disabilities.
SS.8.FL.6.AP.6: Identify ways in which an automobile driver can avoid, reduce, or transfer the risk of being in an automobile accident.
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