Ch. 1-4

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1.
uncertainty of loss
2.
temporary proof of insurance
3.
right of recovery for insurance to sue at-fault party
4.
maintaining insurance to value
5.
all acts of stealing
6.
voluntarily giving up a known right
7.
used for dispute surrounding negligence
8.
reduction, decrease, disappearance in value
9.
increase in chance of loss
10.
failure to act as a reasonable person would
11.
damages that pay for pain and suffering
12.
threatening a person with bodily harm and taking personal property
13.
make whole again
14.
dispute regarding value of claim
15.
perils that would cover everything except exclusions
16.
cause of loss
17.
adding, removing, changing something on a policy
18.
portion of claim named insured pays
19.
buying stock is an example of this kind of risk
20.
transfer of risk
21.
pays for damages you cause to 3rd party
22.
replacement cost- depreciation
23.
perils that will cost what specifically is covered
24.
forced entry, taking of property from inside a premise, locked vault or safe
25.
terminating policy at expiration date
26.
termination of policy during policy period
27.
loss that is a consequence of a direct loss
28.
committing arson is an example of this kind of hazard
29.
damages that would pay for medical and repair bills
30.
this payments pay above and beyond your policy limit
31.
this liability refers to one party being responsible for another