Title: No-Frills Money Skills Video Series—Insurance: Protecting Yourself from Damage
Course: Tennessee Personal Finance Sample Syllabus > Section: Standard 5: Risk Management

“Insurance: Protecting Yourself from Damage" is a video in the Federal Reserve Bank of St. Louis series, "No-Frills Money Skills." This episode begins with examples of activities with varying amounts of risk and introduces insurance, explaining how it is used to transfer or reduce risk. With a story about a homeowner, students learn several key insurance related concepts and terms.