Vocab reveiw

4. Is a group of people who cannot get motor vehicle insurance who are assigned to each insurance company operating in the state.
5. A fee for insurance
7. is the failure to take ordinary or reasonable care to prevent accidents from happening
10. To make a assumption
11. Getting endorsed by someone or something around you.
12. is coverage that provides protection for your residence and its associated financial risks.
15. Pays the cost of minor accidental injuries to visitors on your property.
17. Having an iteam examined for its value.
20. is anything that may possibly cause a loss.
22. is the set amount that the policyholder must pay per loss on an insurance policy.
23. Damaging someone elses property on purpose.
24. is legal responsibility for the financial cost of another person’s losses or injuries.
25. Something that is strict or harsh
26. The chance of loss or injury.

1. Insurance that covers physical injuries caused by a vehicle accident for which you are responsible.
2. Someone that has to happen
3. an arrangement whereby drivers who are involved in accidents collect money from there insurance policy
6. insurance that covers you in a hit and run driver.
8. is protection against possible financial loss.
9. A person joins the risk-sharing group by purchasing a contract known as a policy.
13. Insurance that covers damage to your vehicle when it's involved in an accident.
14. mortar vehicle insurance that applies when you damage the property of others.
16. is anything that increases the likelihood of loss through peril.
18. is additional property insurance that covers the damage or loss of a specific item of high value.
19. The cost of replacing an item
21. The payment you receive is base on the replacement cost of an item minus depreciation.