Insurance

6. you cannot profit from insurance.
7. is the likelihood or chance of something happening that could cause a person injury, damage or loss to their property.
8. You can only insure something if you have an __________ interest in the item.
10. A written promise by an insurance company to pay money to a person who has suffered a loss.
11. once you receive compensation from the insurance company, the item becomes the property of the company.
12. someone who calculates the risk of insurance.

1. extra money added to your policy if the company believes you are a greater risk.
2. If you have the item insured with one or more company, you only get paid once.
3. calculates how much money should be paid.
4. The price of your insurance
5. the money paid out when you make a claim.
9. There are 5 ___________ of insurance.