James and Emily are married and own a city fringe three-bedroom
apartment in Sydney, Australia. Their son, Jacob, attends college
in London and lives in a student residence near campus. Their
daughter, Kelly, is a senior in high school. James is an accountant
who works for a local accounting firm. Emily is a marketing analyst
and is often away from home for several days.
The family’s home contains household furniture, personal
property, two computers, and Emily's laptop computer while
traveling. The family also owns three cars. Jacob drives a 2007
Ford; James drives a 2012 Pontiac for both business and personal
use, and Emily drives a 2014 Toyota and a rental car when she is
traveling. Although the family-owned their home for several years,
they are considering moving because of their neighborhood's recent
increase in crimes.
Describe the steps briefly in the personal risk management
process.
Identify the significant pure risks or pure loss exposures to
which James and Emily are exposed concerning each of the
following:
1. Personal loss exposures
2. Property loss exposures
3. Liability loss exposures
Concerning each of the loss exposures mentioned above, identify
an appropriate personal risk management technique that could be
used to treat the direction.
James and Emily are married and own a city fringe three-bedroom apartment in Sydney, Australia. Their son, Jacob, attend
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