ANTA01H3 Study Guide - Vehicle Insurance, Property Insurance, Personal Property
Document Summary
Loss of income or life due to illness, disability, old age, or unemployment. Losses to property caused by perils, such as fire or theft, and hazards. Avoiding traffic accident by not driving to work. Reduce the risk of an injury in an automobile accident by wearing a seat belt. Taking on responsibility for negative results of a risk. Transfer the risk to an insurance company: list the four steps in planning for your insurance program. Set insurance goals, develop a plan to reach your goals, put your plan into action, and check your results: give an example of each kind of risk personal, property, and liability. Loss of income or life, losses to property caused by perils, and losses caused by negligence. Define the following terms in the spaces below: homeowner"s insurance: a coverage for a place of residence and its associated financial risks, household inventory: c. A list of personal belongings with purchase dates and cost information.
