23.1 Branching Scenario – Insurance Decision Simulator

Στόχοι Μαθήματος:

  • Risk Strategies – Avoid, Reduce, Retain, Transfer risk using real-life choices like helmets, savings, or buying renters insurance.

  • Cost vs. Coverage – Premiums vs. Deductibles — understand that lower monthly cost usually means higher out-of-pocket bills after a loss.

  • Match to Needs – Pick the right policy (health, auto, renters, life, warranties) based on what you own, your budget, and how likely something is to break or get stolen.

Read the Details – Fine-print facts (what’s covered, exclusions, term length) help you avoid paying for protection that won’t actually help.

Βασικές πληροφορίες μαθήματος:

  • Four Ways to Manage Risk – Decide when to avoid, reduce, retain, or transfer a risk before paying for insurance.

  • More Coverage, Higher Protection – Higher premiums mean lower surprise costs; choose the balance that fits your wallet today and tomorrow.

  • Purpose-Built Policies – Auto = driving risk, Health = medical bills, Renters = your stuff, Life/Disability = family income — each covers a different need.

  • Smart Shoppers Compare – Check deductibles, exclusions, and total cost (including extended warranties) so coverage truly protects what matters to you.

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