Across
- 2. Protection against financial loss due to damage or loss of personal property
- 7. for minor accidental injuries on your property and minor injuries
- 10. protection against possible financial loss
- 11. full cost to repair or replace the damaged or lost item
- 12. also called a personal catastrophe policy
Down
- 1. chance of loss, not gain
- 3. increases the likelihood of a loss
- 4. fee insured policyholder pays periodically
- 5. cause of a possible loss, such as fire, windstorms, explosions, robbery
- 6. set amount that the policyholder must pay per loss on an insurance policy
- 8. current replacement cost of the damaged or lost item less depreciation
- 9. addition of coverage to the homeowner’s policy
- 11. uncertainty or lack of predictability
- 13. sharing firm that assumes financial responsibility for losses from an insured risk