Personal Finance (The Mcgaw-hill/Irwin Series in Finance, Insurance, and Real Estate)
Personal Finance (The Mcgaw-hill/Irwin Series in Finance, Insurance, and Real Estate)
11th Edition
ISBN: 9780077861643
Author: Jack R. Kapoor, Les R. Dlabay Professor, Robert J. Hughes
Publisher: McGraw-Hill Education
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Chapter 10, Problem 10.1PQ4
Summary Introduction

To determine:

Methods of managing risk.

Introduction: Insurance refers to a contract including two parties; in which one party agrees to cover all expenses in future related a particular problem, if a problem arises. Insurance provides coverage to insured in return for a premium.

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