Insurance Flashcards
1
Q
Risk
A
Chance of loss or injury
2
Q
Peril
A
Anything that may possibly cause a loss
3
Q
Hazard
A
Anything that increases the likelihood of loss through peril
4
Q
Negligence
A
Failure to take ordinary or reasonable care to prevent accidents from happening
5
Q
Getting insurance
A
In order to obtain insurance, a person must have
6
Q
Insurance
A
Protection against possible financial loss.
