Chap 1: Introduction to Risk and Insurance

1. Loss
2. Gain
3. No change

Annotations:

• CAN BE INSURED

1. Loss
2. No loss

1. avoid airplane crash by not traveling by air

1. reduce contracting of diseases by excercising

1. purchase insurance coverage

1. assume all financial responsibility for the risk
   1. conscious
   2. unconscious

1. personal
   1. individual insurance policy
   2. group insurance policy
2. property damage
3. liability