Lesson 23: Property and Casualty Insurance
Coverage Exam | Questions with 100% Correct
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Practice questions for this set
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The possible loss arising from peril to the insured party or property.
Choose an answer
1 Risk 2 Real Property
3 Casualty insurance 4 Insurer
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Terms in this set (35)
, Real Property Land, including everything permanently attached
to it, such as buildings, trees, minerals, and fences.
Personal Property Items that can be moved, removed, or are not
permanently attached to land or structures.
Insurance A contractual arrangement that protects against
loss.
Indemnify To compensate, reimburse, or protect a party
against the damages cause to them by legal
liabilities or loss/damage of property.
Insurer The part who agrees to Indemnify.
The Insured The party protected or covered by the insurer.
Benificiary The recipient of the amount to be paid.
Policy The written contract of insurance.
Face Value The stated maximum amount that could be paid in
the case that harm/damage is done to the insured
party or property.
Premium The consideration for a contract of insurance.
Coverage Exam | Questions with 100% Correct
Answers | Verified | Latest Update 2026
Save
Practice questions for this set
Learn 1 /7 Study using Learn
The possible loss arising from peril to the insured party or property.
Choose an answer
1 Risk 2 Real Property
3 Casualty insurance 4 Insurer
Don't know?
Terms in this set (35)
, Real Property Land, including everything permanently attached
to it, such as buildings, trees, minerals, and fences.
Personal Property Items that can be moved, removed, or are not
permanently attached to land or structures.
Insurance A contractual arrangement that protects against
loss.
Indemnify To compensate, reimburse, or protect a party
against the damages cause to them by legal
liabilities or loss/damage of property.
Insurer The part who agrees to Indemnify.
The Insured The party protected or covered by the insurer.
Benificiary The recipient of the amount to be paid.
Policy The written contract of insurance.
Face Value The stated maximum amount that could be paid in
the case that harm/damage is done to the insured
party or property.
Premium The consideration for a contract of insurance.
