Explain that people may be required by governments or by certain types of contracts (e.g., home mortgages) to purchase some types of insurance.
Explain why homeowners insurance is required by a lender when a homeowner takes out a mortgage.
Investigate Florida’s regulations regarding the amount of auto insurance that drivers are required to purchase as well as federal health insurance regulations.
Subject Area: Social Studies
Strand: Financial Literacy
Date Adopted or Revised: 04/15
Status: State Board Approved