Personal Finance: Chapter 10 Crossword

protection against possible financial loss
a risk-sharing firm that assumes financial responsibility for losses from an insured risk
the firm assumes the risk for a fee called the... which the insurance policyholder pays periodically
uncertainty or lack of predictability
the cause of a possible loss, such as fire, windstorms, explosions, robbery, accidents, and premature death
increases the likelihood of a loss, such as defective house wiring
chance of loss not gain
Chance of either loss or gain, such as starting a small business or gambling
Wear seat belt, install smoke alarms, eat a balanced diet and exercise
Self-insurance
Transfer risk to insurance company
the set amount that the policyholder must pay per loss on an insurance policy
legal responsibility for financial cost of another person’s losses or injuries
Failure to take ordinary or reasonable care, such as failure to supervise children in a pool
A person is held responsible for intentional or unintentional actions
When a person is held responsible for the actions of another person
also called a personal catastrophe policy, supplements basic personal liability coverage
addition of coverage to the homeowner’s policy
Protection against financial loss due to damage or loss of personal property
Payment you receive is based on the current replacement cost of the damaged or lost item less depreciation
You receive the full cost to repair or replace the damaged or lost item
Alarm system, smoke detector, fire extinguisher, nonsmokers, if you insure your car with the same company
Covers the risk of financial loss due to legal expenses, medical expenses, lost wages and other expenses associated with injuries caused by an automobile accident for which you were responsible
Covers the cost of injuries to you and your family if your vehicle is hit by a person without insurance. However, it does not cover property damage
When your car is in an accident
your insurer will try and collect from the other driver’s property damage liability first
what comes from a chicken
what you open to walk into a building
is limited to the actual cash value of your vehicle from an appraisal service
a large body of water