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14: Review Your Knowledge
What is risk?
Explain risk management.
Discuss insurance protection.
How is the amount of an insurance deductible related to the cost of the premium?
List and describe the steps in the decision-making process for purchasing insurance.
How should a consumer select an insurance company?
Outline the key factors to consider when buying home insurance.
Summarize the insurance claim settlement process.
Outline the key factors to consider when buying auto insurance.
How can the chances of an auto accident be reduced?
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