Yes he did. He was relieved! I should have mentioned in the article: he had to pay a deductible. Because otherwise kids could feel free to smash their toy since it had a 1 DayBuck insurance policy!
Great article! I used to love this day in class with high schoolers. My 13 year old and I recently had a discussion about this topic as well and he astutely observed that they hardly ever discuss prices in their ads. They just say they can save you money or might reference a specific %. That opened up a good discussion about how insurance pricing is determined.
Exactly-- The only advertising they can do on price is something really vague. But it's a great example of an industry that has constraints that drive its advertising choices.
Stephen, I'm curious how you might explain a different kind of insurance—life insurance—to your kids.
The robot is amazing!!
Did said kid get the full price of the new toy?!
Yes he did. He was relieved! I should have mentioned in the article: he had to pay a deductible. Because otherwise kids could feel free to smash their toy since it had a 1 DayBuck insurance policy!
Great article! I used to love this day in class with high schoolers. My 13 year old and I recently had a discussion about this topic as well and he astutely observed that they hardly ever discuss prices in their ads. They just say they can save you money or might reference a specific %. That opened up a good discussion about how insurance pricing is determined.
Exactly-- The only advertising they can do on price is something really vague. But it's a great example of an industry that has constraints that drive its advertising choices.
The cardboard paper robot is the best! Congratulations Calvin.
Isn't it clever?