An introduction and overview of the basic principles of insurance and risk management from the viewpoint of the insurance consumer.
Consideration is given to the importance of risk in personal and business affairs.
Risk management techniques are discussed, with an emphasis on insurance as the transfer technique. A detailed study of the Personal Auto Policy and the Homeowner's Policy are included. Variations in life and health insurance and annuities are discussed as well. The course is designed for non-business majors as well as to provide a basis for more advanced insurance courses. Offered every semester and in the Summer.