Insurance and Jessie Robinson

Questions 1. Think of a real or made up solely pragmatic modeling of a pure risk that you or someone you know may face, and accordingly answer the questions beneath. a. answer for the specific risk. (1-3 sentences. 0. 5 points) b. What manikin of ban come forwardcomes atomic number 18 possible for this type of risk? (1-3 sentences. 1. 0 points) c. Would this risk be likely to cook unexpected expenses? wherefore or why non? (1-3 sentences. 1. 0 points) d. draw and quarter at least one way you could protect yourself against this risk. (1-3 sentences. 1. 0 points) 2.Think of a real or made up nevertheless realistic example of a speculative risk that you or someone you know may face, and then answer the questions below. a. Describe the specific risk. (1-3 sentences. 0. 5 points) b. What sort of negative outcomes are possible for this type of risk? (1-3 sentences. 0. 5 points) c. What sorts of positive outcomes are possible for this type of risk? (1-3 sentences. 0. 5 points ) d. Would this risk be likely to create unexpected expenses? Why or why not? (1-3 sentences. 1. 0 points) e. Describe at least one way you could protect yourself against this risk. 1-3 sentences. 1. 0 points) 3. Imagine that you are a parent with young children. You want to get life insurance to protect your children financially until they are old enough to produce their own incomes. Would stipulation life insurance or permanent life insurance be a better choice in this situation? Why? (2-4 sentences. 1. 0 points) 4. Describe two types of insurance that you have or are likely to have at some point in your life. What risks are these insurance pictures protecting you against? Why do you think these types of insurance are important? 4-8 sentences. 3. 0 points) 5. List four valuable items that might be kept in an apartment or house. Next to each item, write the estimated dollar amount that each item might be worth. (Complete sentences are not necessary. 1. 0 points) 6. In your Sectio n_6 folder, navigate to and open(a) the Example_Insurance_Application, and then complete the steps below to save a copy of the file with your initials in your Section_6 folder. a. Click the File menu, and then Click Save a Copy. b. If a Save a Copy dialog box appears, confab Save a Copy. c.Make sure the Save in drop- shine list is set to your Section_6 folder. If not, interpenetrate the drop-down list, then click Local Disk (C), then double-click your course folder, and then double-click the Section_6 folder. d. In the Name field, type Example_Insurance_Application followed by your initials. e. Click Save. 7. Follow the instructions below to fill out the Example_Insurance_Application for Jessie Robinson. This is an application for renters insurance. (4. 0 points for completing the form correctly according to the instructions below) a.Fill out the Applicant Information section of the form exploitation the name Jessie Robinson, the date of birth 7/15/88, the SSN 888-88-8888, and t he email address emailprotected com. Jessie Robinson is not retired. b. Jessie Robinson is renting an apartment on785 Maple AvenueinSeattle,WA. The zip canon of the address is 00448. c. Imagine what Jessie Robinsons answers to the yes and no questions under Coverage Information might be. TIP There are no right or wrong answers, but make sure to answer each question. d. Choose a date for Jessie Robinsons coverage to begin and the number of years Jessie has had insurance coverage.TIP There are no right or wrong answers, but be sure to answer each question. e. List Jessie Robinsons reason for applying for new insurance as Moving to a new address. f. List the estimated cost of the four household items you determined in question 5 above as the answer to How much personal dimension coverage do you need? g. Imagine whether Jessie Robinson has animals, and then list what kind. TIP Consider your answer to thequestion Do you have an animal that is vicious or attack trained, or that has pre viously bitten or injured anyone? before you answer this question. h. Click the File menu, and then click Save. . In your Section_6 folder, navigate to and open the Example_Insurance_Claim, and then complete the steps below to save a copy of the file with your initials in your Section_6 folder. a. Click the File menu, and then Click Save a Copy. b. If a Save a Copy dialog box appears, click Save a Copy. c. Make sure the Save in drop-down list is set to your Section_6 folder. If not, click the drop-down list, then click Local Disk (C), then double-click your course folder, and then double-click the Section_6 folder. d. In the Name field, type Example_Insurance_Claim followed by your initials. . Click Save. 9. Follow the instructions below to fill out the Example_Insurance_Claim for Jessie Robinson. This is a renters insurance claim form. (4. 0 points for completing the form correctly according to the instructions below) a. Use the information from the Insurance_Application form you fill out in question 7 above to fill out the Insurance Policyholder Information section of the Insurance_Claim form. TIP Jessie Robinsons phone number is 206-999-0000. b. Fill out the rest of the form with a realistic loss Jessie might have suffered, such as a fire, flood, or robbery.Imagine how severe the damage was and what, if any, evidence Jessie has of the loss. Describe what happened and list at least two damages or injuries the loss caused. Estimate the total cost of the loss. 10. Describe at least two ways you or someone you know might be at risk for identity theft. (1-2 sentences. 2. 0 points) 11. Describe at least three things you can do to protect yourself from identity theft. (1-3 sentences. 2. 0 points) 12. Describe at least three steps you should take after finding out that your credit card was stolen. (1-3 sentences. 2. points) Answers 1. A. ) The example of pure risk would be when your house burns down. B. ) A few of the negative outcomes for this type of risk is be cause there is only a chance of both loss or no loss, but no chance of gain. C. ) This risk would cause unexpected expenses because you do not predict if your house were to burn down so it would cause you to have to purchase a new one. D. ) One way to protect yourself from this risk is to have a home insurance plan that include insurance for when you house burns down. 2. ) the example of speculative risk is