Activity Exam #3

3. inventory A list or other do comentation of personal belonginfs with purchase dates and cost information
4. The cause of a possible loss
6. Liability A situation in which a person is held legally responsible for the actions of another person
10. A factor that increases the likelihood of loss through some peril
12. Amount of money a policyholder is charged for an insurance policy
13. A person covered by an insurance policy
14. Failure to take ordinary or reasonable care in a situation
16. The process of establishing a momentary fund to cover the cost of a loss
17. A written contract for insurance

1. risk A risk in which there is a chance of either loss or gain
2. property floater Additional property insurance to cover the damage or loss of a specific item of high value
3. Insurance Coverage for a place of residence and its associated financial risks
4. risk A risk in which there is only a chance of loss
5. Protection against possible financial loss
7. An insurance company
8. chance or uncertainty of loss
9. liability A situation in which a person is held responsible for intentional or unintentional actions
11. Legal responsibility for the financial cost of another person's losses or injuries
15. The set amount a policy must pay per loss on an insurance policy