What is risk? What is risk management? How does insurance fit into risk management?
Answer to relevant QuestionsDescribe the steps you would take to file a claim on your homeowner’s insurance. What is the responsibility of the insurance company that sells you a policy? What is the relationship between insurance company claims and premiums paid by policyholders? Advise the Sampsons regarding their car insurance. Do they have enough insurance? Do they have too much insurance? How might they be able to reduce their premium? What is the purpose of long term care insurance? What factors influence long term care insurance premiums? What factors should be considered when purchasing long term care insurance? What are the advantages and disadvantages of this type of health care coverage?
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