All About Insurance – FT007
from Financial Tech - The Average Guy Podcast Network Hosted by Jim Collison
Insurance is often discussed as something that is complicated and difficult to understand… Let’s fix that! Remember what insurance is for: Risk Transfer! Listen Mobile: When you think about the things you could insure, several things might come to mind: Home, auto, life, and personal property. There are different types of risk associated with each of these. Some risk you might want to: · Retain (the risk is infrequent in occurrence and minimal in scope) · Avoid (the risk is frequent in occurrence and the significant in scope) – ex. lifestyle choices such as smoking that leads to premature death
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