$9$ Adaptive Assignment

$9\mathrm{.}1$ Insurance: What it Is and Why You Need it

After a meeting with her financial advisor, Mary Kelly learned her risk$-$management strategies are totally off. Which of the following changes would be advisable according to the risk matrix?

Stop transferring and start accepting the risk of an automobile crash.

Stop transferring and stop accepting the risk of a home fire.

Stop accepting and start transferring the risk of cancer.

Stop accepting and start transferring the risk of losing her phone.

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