(BQ) Part 2 book "Personal finance" has contents: Property and motor vehicle insurance, life insurance, investing fundamentals, investing in stocks, starting early - retirement planning, estate planning, investing in real estate and other investment alternatives; investing in mutual funds,.and other contents. | Rev. Confirming Pages 10 Property and Motor Vehicle Insurance Obje ives What will this mean for me? 1. Develop a risk management plan using insurance. 2. Discuss the importance of property and liability insurance. 3. Explain the insurance coverages and policy types available to homeowners and renters. 4. Analyze factors that influence the amount of coverage and the cost of home insurance. 5. Identify the important types of automobile insurance coverages. 6. Evaluate factors that affect the cost of automobile insurance. While hurricanes, tornadoes, ice storms, and wildfires are the most visual disasters faced by people, losses from other hazards are much more common. Your insurance coverage for losses due to property damage and liability should be considered carefully. Planning your home and auto insurance program is a vital element in your overall financial planning activities. My Life INSURING YOUR STUFF l value that require protection. We all have items with a financia ple actions are available, most peo While several risk management purchase insurance. ncial losses. Do you take decisions is to avoid major fina n focus when making insurance The mai each of the following stateperty and liability insurance? For e planning actions related to pro wis sonal response regarding these “uncertain” to indicate your per ments, select “yes,” “no,” or insurance activities. t actions to reduce the chance of 1. I use various risk managemen financial loss. es. ty and liability insurance coverag 2. I have knowledge of proper erage. renter’s insurance cov 3. I have appropriate home or ce uce my home or renter’s insuran 4. I understand methods to red costs. of auto insurance coverages. 5. I understand the main types my auto insurance costs. 6. I take various actions to reduce Yes Yes Yes No No No Uncertain Uncertain Uncertain Yes Yes Yes No No No Uncertain Uncertain Uncertain itional information and ounter “My Life” boxes with add study this .
