“The first step in the risk management process is to acknowledge the reality of risk. Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning.”
While securing insurance is crucial to protecting your financial security, you can and should do more to manage risks than simply throwing money at insurance policies. Plenty of sensible non-insurance steps are free or low cost to take, can reduce your insurance costs, and improve the quality of your life. That’s what this chapter is about.
You live in your home and spend a lot of time there. You can buy insurance to cover the risks of flooding, hurricanes, ...