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5. is Agreement where the insurer compensates the insured only for actual loss suffered
7. is the Insurance Policy that protects business buildings, equipment, and physical assets
9. is the Insurance that covers losses other than life, such as property, liability, and marine risks
11. Insurance is a Marine insurance covering damage to the ship or vessel itself
12. Loss is the Loss remaining after recovering the usable value from damaged insured property
13. fidei is Latin term for utmost good faith

1. The amount paid by the insured to obtain insurance coverage
2. Liability is Coverage for common business risks like third-party bodily injury and property damage
3. Liability is Insurance protecting professionals against claims of negligence or errors in service
4. is the Situation where the insured property is completely destroyed or irretrievably lost
6. Insurance is a Insurance covering goods while they are in transit
8. Insurance is a Policy that insures the freight charges payable for transported goods
10. is the Insurance that covers legal responsibility for injury or damage to others