uge to or loss of a dwelling and personal property of of g protects the beneficiary against the financial aspects of a traffic accident. TUSS, damage, or injury. May result in either financial gain or financial loss. 24. Financial service used to protect against loss. 25. Completion Amount of money or other services to which you are entitled under the terms of your insurance policy. Complete each statement. 26. A(n) endorsement 27. The Premium is an attachment to existing insurance coverage. is the amount the insured pays for insurance coverage. 28. The amount the insured is responsible for paying when a claim is made is the deductible 29. The process of documenting a loss against an insurance policy is called filing a(n) Claim 30. depreciation is a decrease in the value of property as a result of age or wear and tear. 31. The replacement cost minus depreciation is known as actual cash value 32. All 50 states have financial responsibility laws that require drivers to show proof of their ability to pay stated minimum amounts in damages after an accident. 33. insurance pays you for a loss or damage to your car resulting from crashes, fire, theft, falling objects, explosions, earthquakes, flood, riots, civil commotions, and collisions with a bird or animal. 34. insurance pays you for injuries caused to you by an uninsured or underinsured driver or a hit-and-run driver. 35. Payment for medical expenses resulting from an accident in your car, regardless of who is at fault, can be achieved through covers the cost of replacing what you lose without deducting 36. depreciation. 37. No-fault insurance plans pays for claims up to a set amount, called a(n) 38. Automobile insurance rates for single and married are lower than for ublicly accessible
uge to or loss of a dwelling and personal property of of g protects the beneficiary against the financial aspects of a traffic accident. TUSS, damage, or injury. May result in either financial gain or financial loss. 24. Financial service used to protect against loss. 25. Completion Amount of money or other services to which you are entitled under the terms of your insurance policy. Complete each statement. 26. A(n) endorsement 27. The Premium is an attachment to existing insurance coverage. is the amount the insured pays for insurance coverage. 28. The amount the insured is responsible for paying when a claim is made is the deductible 29. The process of documenting a loss against an insurance policy is called filing a(n) Claim 30. depreciation is a decrease in the value of property as a result of age or wear and tear. 31. The replacement cost minus depreciation is known as actual cash value 32. All 50 states have financial responsibility laws that require drivers to show proof of their ability to pay stated minimum amounts in damages after an accident. 33. insurance pays you for a loss or damage to your car resulting from crashes, fire, theft, falling objects, explosions, earthquakes, flood, riots, civil commotions, and collisions with a bird or animal. 34. insurance pays you for injuries caused to you by an uninsured or underinsured driver or a hit-and-run driver. 35. Payment for medical expenses resulting from an accident in your car, regardless of who is at fault, can be achieved through covers the cost of replacing what you lose without deducting 36. depreciation. 37. No-fault insurance plans pays for claims up to a set amount, called a(n) 38. Automobile insurance rates for single and married are lower than for ublicly accessible
Chapter10: Managing Property And Liability Risk
Section10.3: Homeowner’s Insurance
Problem 4CC
Related questions
Question
Transcribed Image Text:uge to or loss of a dwelling and personal property
of of
g
protects the beneficiary against the financial aspects of a traffic accident.
TUSS, damage, or injury.
May result in either financial gain or financial loss.
24. Financial service used to protect against loss.
25.
Completion
Amount of money or other services to which you are entitled under the terms of your insurance policy.
Complete each statement.
26. A(n) endorsement
27. The Premium
is an attachment to existing insurance coverage.
is the amount the insured pays for insurance coverage.
28. The amount the insured is responsible for paying when a claim is made is the
deductible
29. The process of documenting a loss against an insurance policy is called filing a(n)
Claim
30. depreciation
is a decrease in the value of property as a result of age or wear and tear.
31. The replacement cost minus depreciation is known as actual cash value
32. All 50 states have financial responsibility
laws that require drivers to show proof of their ability
to pay stated minimum amounts in damages after an accident.
33.
insurance pays you for a loss or damage to your car resulting from
crashes, fire, theft, falling objects, explosions, earthquakes, flood, riots, civil commotions, and collisions with
a bird or animal.
34.
insurance pays you for injuries caused to you by an uninsured or
underinsured driver or a hit-and-run driver.
35. Payment for medical expenses resulting from an accident in your car, regardless of who is at fault, can be
achieved through
covers the cost of replacing what you lose without deducting
36.
depreciation.
37. No-fault insurance plans pays for claims up to a set amount, called a(n)
38. Automobile insurance rates for single and married
are lower than for
ublicly accessible
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