1. Personal loss exposures(1) Major personal loss exposures include the following:• Premature death of Chris or Karen and the subsequent loss of financial support tosurviving family members• Catastrophic medical bills incurred by Chris or Karen• Catastrophic medical bills incurred by Christian or Kelly• Total disability of Chris or Karen and the subsequent loss of financial support to thesurviving family members
2. Property loss exposures(2) Major property loss exposures include the following:
• Physical damage or theft of household personal property• Physical damage or theft of family cars• Theft of the laptop computer used by Karen while traveling• Damage or theft of the business computer used by Chris• Residing in a high crime-rate area, which increases the probability of theft or robbery3. Liability loss exposures
(3) Major liability loss exposures include the following:• Legal liability arising out of the operation of a family car by family members• Legal liability arising out of the use of a rental car by Karen when she is traveling• Legal liability arising out of other activities of family members that can result in bodilyinjury or property damage to othersc. With respect to each of the loss exposures mentioned above,identify an appropriatepersonal risk management technique that could be used to treat theexposure.