Personal Finance 1st Edition by Jack R. Kapoor

Exercise 12

1?What property and liability risks might some people overlook?

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2?How could a person’s life situation influence the need for certain types of property and liability insurance?

Action Application Talk to a financial planner or an insurance agent about the financial difficulties faced by people who lack adequate home and auto insurance. What common property and liability coverages do many people overlook?

Step 1 of 2

(1) Explain what property and liability risks might some people overlook:

Some people overlook the financial risk associated with the house property and ownership of automobile. Liability coverage is very important of each and every individual. Loss or damage caused to any of the personal properties is another factor which has to be considered but being overlooked by many people.