Robert and louisa have identified the following potential loss exposures, but they are not sure whether they should purchase insurance to reduce these risks: 1. loss of their health, which could cause extensive medical bills and loss of income 2. loss to their car, which would cause automobile repair or replacement 3. liability claims related to their car, which could require them to pay for other person's losses when robert and louisa prioritize their insurance choices, would be categorized as important, but not necessary. health and disability insurance all of the losses should be categorized as necessary. auto liability insurance auto collision and comprehensive insurance