Risk & Insurance

Front

A mount a policy holder must pay monthly for insurance coverage?

Back

premium

Front

The possibility of having a loss is ______________.

Back

risk

Front

What a person needs to protect against loss; form of risk protection?

Back

insurance

Front

Person or company who buys the policy?

Back

policy holder

Front

The total amount and type of insurance carried?

Back

coverage

Front

The person or company that is covered or protected is the ____________.

Back

insured party

Front

The risk that one may be sued or held responsible for injury or damage to another is called ______________.

Back

liability

Front

Person who investigates insurance claims and recommends a settlement?

Back

adjuster

Front

Amount the insured must pay before the insurance company pays a claim?

Back

deductible

Front

Person who receives the benefits from another’s life insurance policy?

Back

beneficiary