Financial Services _Çô Client Services RFC121 Lecture Notes - Lecture 8: Personal Property, Vehicle Insurance, Car Alarm
5 Jun 2018
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Reducing Automobile Insurance Premiums
▪ Find out how much it will cost to insure a car before you buy it.
▪ Compare companies
▪ Increase your deductibles.
▪ Look for discounts.
▪ Establish and maintain a good driving record.
▪ Install security devices such as a car alarm.
▪ If you have more than one vehicle insure them both with the same
company.
Summary of Learning Objectives
▪ Develop a risk management plan using insurance
▪ Four general risk management techniques are
▪ Risk avoidance
▪ Risk reduction
▪ Risk assumption
▪ Risk shifting
▪ Set your goals, make a plan to achieve your goals, put your plan into
action and review your results
Summary of Learning Objectives
▪ Discuss the importance of property and liability insurance
▪ Face the risks of
▪ Property damage or loss
▪ Legal actions by others for the cost of injuries or property
damage caused by you
▪ Insurance offers protection from financial losses that may arise from
a variety of situations faced by owners of homes and users of
automobiles
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