Vocabulary Review

6. A fee to join the risk sharing group
10. Is coverage that provides protection for your residence and its associated financial risks, such as damage to personal property and injuries.
11. Is an arrangement whereby drivers who are involved in accidents collect money from their own insurance companies.
12. Is anything that increases the likelihood of loss through peril.
17. Is insurance that covers physical injuries caused by a vehicle accident for which you are responsible.
18. Anything that may possibly cause a loss
19. Is the failure to take ordinary or reasonable care to prevent accidents from happening

1. Is additional property insurance that covers the damage or loss of specific items of high value.
2. Is motor vehicle insurance that applies when you damage the property of others.
3. Method the payment you receive is based on the replacement cost of an item minus depreciation.
4. Insurance is insurance that covers damage to your vehicle when it is involved in an accident.
5. Is protection against possible financial loss.
7. Is insurance that covers you and your family members if you are involved in an accident with an uninsured or hit and run driver.
8. A way to join a risk sharing group.
9. Method for settling claims, you will receive the full cost of repairing or replacing an item.
13. Pays the cost of minor accidental injuries to visitors on your property.
14. Is a group of people who cannot get motor vehicle insurance who are assigned to each insurance company operating in the state
15. Is the set amount that the policyholder must pay per loss.
16. Is the chance of loss or injury.