Risk & Insurance

Amount a policy holder must pay monthly for insurance coverage?

• coverage

• premium

• deductible

• bond

The possibility of having a loss is ______________.

• insurance

• liability

• protection

• risk

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

• insurance

• premium

• claim

• indemnify

Person or company who buys the policy?

• policy adjuster

• policy holder

• insurance agent

• adjuster

The total amount and type of insurance carried?

• budget

• policy

• term

• coverage

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

• insured party

• adjuster

• operator

• insurance company

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

• coverage

• claim

• liability

• collision

Person who investigates insurance claims and recommends a settlement?

• agent

• broker

• adjuster

• Jake

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

• $500

• premium

• $100

• deductible

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

• benefactor

• beneficiary

• claimant

• insured