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.
Umbrella liability can be a fairly inexpensive way to help shelter current assets and future income from the unexpected.
As winter continues on, there are a few things you can do to prepare for and prevent a costly insurance claim.
Drinking may be a “rite of passage” for teens, but when it occurs in your home you may be held responsible for their actions.