The cost of insurance is determined by the size of the potential loss, the probability of the loss event occurring, and the risk characteristics of the person or asset being insured.

Authors

• Person: Not available Organization: Council for Economic Education
  6 Core Areas of Personal Finance | CEE

Sources

• 6 Core Areas of Personal Finance | CEE www.councilforeconed.org Council for Economic Education via serper

Referenced by nodes (1)

• insurance concept