Archive for July, 2013

The Importance of Insurance Risk Management

Written by Insurance Research on . Posted in Homepage

Risk and insurance
Did you know that the average American household pays between 1500 and 2700 dollars annually on homeowners and automobile insurance? For people over the age of 25, the cost of their combined premiums can drop below 1000 per year. If you do not find that number staggering, you are not alone. Considering the thousands of dollars in liability and homeowners coverage insureds get for the of money they pay, insurance is actually pretty inexpensive. One might even go as far as to say that it is really the insurance companies that are taking the risk by insuring us. This is not to saying paying 1500 or 2000 dollars per year on insurance is not a major expense, but honestly, a lot of people pay more than that for cable, gasoline, and even their cell phone bills. Although people constantly complain about how much