Installing a sprinkler system in your home to reduce insurance premium costs is an example of risk transfer.
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Q2: Avoiding alcoholic beverage while driving is an
Q9: Risk avoidance means asking an insurance company
Q12: The multiple of earnings approach to evaluating
Q13: Deciding to sell a motorcycle would be
Q13: Children's life insurance premiums are less expensive
Q14: The needs approach can determine your life
Q15: Having a fire extinguisher in your home
Q15: Spreading risk among a large number of
Q17: Peril is uncertainty regarding economic loss.
Q19: The need for additional life insurance can
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