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.
Whatever your relationship with your car, it may eventually come time for a new one. Familiarize yourself with your options.
Drinking may be a “rite of passage” for teens, but when it occurs in your home you may be held responsible for their actions.
Later in life, the pros and cons of different life insurance policies are important considerations for married couples. It's vital to choose a life insurance policy that suits your unique circumstances.