What would be the impact of a liability claim

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Reference no: EM133204628

Question: You will be selecting a renter's policy for yourself or someone you know. First, gather information on to complete the quote.

Analyze their risk exposure. What would be the impact of a liability claim on their net worth? Do they have sufficient cash flow to partially insure against an accident? How much can they afford to pay for insurance? Are there any other household members or pets at the house on a regular basis and if so what type of liability does this introduce?

Using the above information go to GEICO and complete the information for their quote and customize a policy that balances what they can afford with their risk exposure identified above.

Reference no: EM133204628

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