Chapter 19.1 Vocabulary

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Across
  1. 3. potential to sustain loss if the insured property is damaged or destroyed if the insured person is injured or dies
  2. 4. the potential for loss arising from injury or death of a person or from damage or destruction of property from a specified peril
  3. 6. the recipient of the amount to be paid
  4. 8. to make whole to the, the loss to the suffering party
  5. 9. the party who agrees to indemnify
  6. 10. the consideration for a contract of insurance
Down
  1. 1. when a prospective insured and/or beneficiary behaves in a harmful or reckless manner knowing that they will be compensated for their loss whether they succeed or fail in their endeavor
  2. 2. should include a scenario analysis of any events with significant impact that could go wrong, from legal liability to natural disasters
  3. 5. a contractual arrangement that protects against loss
  4. 7. the written contract of insurance
  5. 8. the party covered or protected