Basic information
Bad events
Maximum premium to pay (or minimum premium to offer at):
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Under basic information, enter your current wealth, and what the premium would be for the insurance over the next period (e.g. a year).
Under events, think of which bad things could happen that you want to insure against. For each event, estimate the probability that it occurs, what it would cost uninsured, and what the deductible would be on the insurance if the event occurred and a claim was made.
For more information, see When Is Insurance Worth It?