Chapter 22 Vocabulary - Econ

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Across
  1. 3. A fee for insurance.
  2. 4. Anything that may cause a loss.
  3. 5. A person joins the risk-sharing group by purchasing a contract.
  4. 7. The chance of loss or injury.
  5. 9. Coverage that provides protection for your residence and its associated financial risks.
  6. 10. The set amount that the policyholder must pay per loss on an insurance policy.
  7. 11. The failure to take ordinary or reasonable care to prevent accidents from happening.
Down
  1. 1. Legal responsibility for the financial cost of another person’s losses or injuries.
  2. 2. Additional property insurance that covers the damage or loss of a specific item of high value.
  3. 6. Protection against possible financial loss.
  4. 8. Anything that increases the likelihood of loss through peril.