Overview
Insurance and risk management are essential components of financial planning that help individuals and businesses protect themselves from unforeseen events. By understanding the types of risks and how insurance works, one can make informed decisions about coverage and financial security. Risk manage...
Key Terms
Example: Investing in stocks carries a risk of losing money.
Example: You pay a monthly premium for your health insurance.
Example: Your car insurance has a $500 deductible.
Example: Underwriting assesses your health before issuing life insurance.
Example: You file a claim after your car is damaged in an accident.
Example: Flood damage may be an exclusion in your home insurance.
Related Topics
Financial Planning
Understanding how to manage finances effectively, including budgeting and saving.
intermediateInvestment Strategies
Exploring different methods to invest money wisely for growth.
intermediatePersonal Finance Management
Learning how to manage personal finances, including income, expenses, and savings.
beginnerKey Concepts
Risk AssessmentInsurance PoliciesPremiumsClaims Process