Chapter 22 Vocab

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Across
  1. 2. evaluated
  2. 6. The chance of loss or injury.
  3. 7. required
  4. 8. The set amount that the policyholder must pay per loss on an insurance policy.
  5. 10. Property Floater Additional property insurance that covers the damage or loss of a specific item of high value.
  6. 13. Damage Liability Motor vehicle insurance that applies when one damages the property of others.
  7. 14. Anything that may possibly cause a loss.
  8. 16. The failure to take ordinary or reasonable care to prevent accidents from happening.
  9. 18. Risk pool A group of people who cannot get motor vehicle insurance who are assigned to each insurance company operating in the state.
  10. 21. Cash Value Method for settling claims in which the payment received is based on the replacement cost of an item minus depreciation.
  11. 22. motorist’s protection Insurance that provides coverage for accidents involving an uninsured or hit and run driver.
  12. 24. Protection against possible financial loss.
  13. 26. Contract between insurance company and a person by which that person joins a risk-sharing group.
Down
  1. 1. Legal responsibility for the financial cost of another person’s losses or injuries.
  2. 3. Take upon yourself
  3. 4. Deliberate destruction to private or public property
  4. 5. Insurance Coverage that provides protection for a residence and its associated financial risks, such as property damage and injuries to others.
  5. 9. Signature of the payee
  6. 11. Value Method for settling claims in which one receives the full cost of repairing or replacing an item.
  7. 12. harsh
  8. 15. Payments Coverage Coverage that pays the costs of minor accidental injuries to visitors of the policyholder’s property.
  9. 17. Anything that increases the likelihood of loss through peril.
  10. 19. Injury Liability Insurance that covers physical injuries caused by a vehicle accident for which one is responsible.
  11. 20. Additional Amount above the face value of the bond.
  12. 23. system An arrangement whereby drivers who are involved in accidents collect money from their own insurance companies.
  13. 25. Insurance that covers damage to one’s vehicle when it is involved in an accident.