Activity Exam

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Across
  1. 2. Protection against financial loss due to damage or loss of personal property
  2. 7. for minor accidental injuries on your property and minor injuries
  3. 10. protection against possible financial loss
  4. 11. full cost to repair or replace the damaged or lost item
  5. 12. also called a personal catastrophe policy
Down
  1. 1. chance of loss, not gain
  2. 3. increases the likelihood of a loss
  3. 4. fee insured policyholder pays periodically
  4. 5. cause of a possible loss, such as fire, windstorms, explosions, robbery
  5. 6. set amount that the policyholder must pay per loss on an insurance policy
  6. 8. current replacement cost of the damaged or lost item less depreciation
  7. 9. addition of coverage to the homeowner’s policy
  8. 11. uncertainty or lack of predictability
  9. 13. sharing firm that assumes financial responsibility for losses from an insured risk