Fmgt 1101 midterm test - Study guides, Class notes & Summaries

FMGT 1101 Midterm Test Questions and Answers Risk Shifting - Answer-Transferring risk by buying insurance to cover potential losses. Risk Avoidance - Answer-avoiding an act that would create a risk Property Insurance - Answer-Provides payment to the insured person if his or her property is damaged or destroyed by an accident covered by the insurance policy. personal liability insurance - Answer-protects the named insured and family members against legal liability arising out of their ...