Chapter 22 Vocabulary

3. Insurance that covers you and your family members if you are involved in an accident with an uninsured or hit-and-run driver.
5. Pays the costs of minor accidental injuries to visitors on your property.
7. You will receive the full cost of repairing or replacing an item.
9. Harsh.
11. The set amount that the policyholder must pay per loss on an insurance policy.
12. Insurance that covers physical injuries caused by a vehicle accident for which you are responsible.
13. Legal responsibility for the financial cost of another person’s losses or injuries.
15. Take upon yourself.
18. A person joins the risk-sharing group by purchasing a contract known as a policy.
21. Deliberate destruction of private or public property.
22. An arrangement whereby drivers who are involved in accidents collect money from their own insurance companies.
24. Coverage that provides protection for your residence and its associated financial risks, such as damage to personal property and injuries to others.
25. Insurance that covers damage to your vehicle when it is involved in an accident.

1. Additional property insurance that covers the damage or loss of a specific item of high value.
2. Protection against possible financial loss.
4. Evaluated.
6. Addition of coverage.
8. The payment you receive is based on the replacement cost of an item minus depreciation.
10. The failure to take ordinary or reasonable care to prevent accidents from happening.
14. A group of people who cannot get motor vehicle insurance who are assigned to each insurance company operating in the state.
16. Anything that may possibly cause a loss.
17. The chance of loss or injury.
18. A fee for insurance.
19. Motor vehicle insurance that applies when you damage the property of others.
20. Anything that increases the likelihood of loss through peril.
23. Required.