Personal Finance #7-Insurance-Home & Car

1. Define insurance
2. Implement a risk mitigation strategy
3. Construct a personal insurance plan
4. Define property insurance and explain how it fits into a risk mitigation strategy
5. Define liability insurance and how it fits into a risk mitigation strategy
6. Describe homeowners insurance and how it fits into a risk mitigation strategy
7. Describe renter’s insurance and how it fits into a risk mitigation strategy
8. Describe car insurance
9. List the components of car insurance
10. Describe which types of car insurance may be required by law and why