noun
1.
Risk is the likelihood that an insured event occurs, that is, an event in which the insurance company is likely to pay out a Claim. Insurance companies use Risk when determining whether to insure a home, car, or individual, and when setting Premiums. People with lower Risk generally pay lower rates, and people with higher Risk generally pay higher rates.
If you have a lot to lose, an Umbrella policy could be exactly what you need. Learn about how they go beyond what you already have to keep you protected.
Drinking may be a “rite of passage” for teens, but when it occurs in your home you may be held responsible for their actions.
In the face of divorce, making changes to insurance coverage may be overlooked.