Insurance

5. Applies to theamount of protection you have through an insurance company in the even of a loss.
6. Specific amoun of money that you pay when insurance only covers a portion of costs.
8. Describes the type of coverage in an insurance agreement.
9. Amount you pay monthly, quarterly, semiannually or annually to purchase different types of insurance.
10. Shifting the risk. You do this when you pay premiums to an insurance company.

1. The process of measuring risk and finding ways to minimize or manage loss.
2. The state or quality of being obligated or responsible under the law.
3. Amount you must pay before you begin receiving any benefits from your insurance company.
4. An individual who relies on someone else for financial support, such as a child or spouse.
7. Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure.
11. The measure of how likely it is that something will be lost (health, money, car, home, etc)