EC225 Rasmussen College Module 03 Cost vs Risk Discussion Paper

EC225 Rasmussen College Module 03 Cost vs Risk Discussion Paper.

Families encounter risks of varying degrees every day. For some, every day is a matter of survival and making ends meet. These families may deal with various types of types of risks often. For example, “Family X” experienced a house fire that made their house uninhabitable. When they purchased their home, they choose not to take advantage of homeowner’s insurance as they felt it was too expensive.

In a 1-2 page reflection paper, discuss what you think about this. In your paper be sure to include your thoughts to these questions:

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1. What type of risk this family is taking

2. What are some possible reasons this family can have for believe that paying the cost of insurance is a greater risk than going through a catastrophe without insurance?

3. how would you assist this family to work through the risk to create a plan to prevent the problem of not having homeowners insurance?

4. What would you do to motivate the family to research and purchase homeowner’s insurance?

EC225 Rasmussen College Module 03 Cost vs Risk Discussion Paper

 
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