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When you buy insurance, what are you counting on? When insurance is health, auto, or home, you are required to buy it by law. What

  • When you buy insurance, what are you counting on?
  • When insurance is health, auto, or home, you are required to buy it by law. What types of insurance are not required by law? Do you buy them or do you not buy them? Why or why not?
  • What is the probability of using an extended warranty, or an insurance policy, on an item such as a used car, a printer, a lawn mower, or an air conditioner?

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