Title: No-Frills Money Skills Video Series—Understanding Car Insurance: Premiums and How Coverage Works, Segment 1
Course: Tennessee Personal Finance Sample Syllabus > Section: Standard 5: Risk Management

"Understanding Car Insurance: Paving the Way" is a video in the Federal Reserve Bank of St. Louis series, "No-Frills Money Skills." In Segment 1, students learn that people pay premiums to insurance companies to buy protection from financial loss. Two radio talk show callers’ questions are used to discuss liability coverage, including its legal aspects, and how typical car insurance coverage works. The content for these videos was reviewed by members of the Missouri Insurance Education Foundation.