Insurance

7. _________ insurance provides payment to cover liability losses as well as damage and loss of the home structure and its contents
8. the risks covered and amount of money paid for losses under an insurance policy
9. the chance of loss from an event that cannot be entirely controlled
10. a financial product (contract or policy) purchased by many people facing a similar risk to protect against the risk of larger losses.
11. _________ insurance provides payments for both liability and property insurance on a vehicle
12. ______ insurance provides money to pay for health care for illness, injury, or, in some cases, preventive care

1. the out-of-pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss
2. someone who receives money if an insured person dies
3. someone who relies on someone else for income and care
4. requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
5. a formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury
6. the money paid to an insurance company to purchase a policy