erm Answer vescription Replacement cost A. An example of this term is a fire, an act of vandalism, or a windstorm This is the individual or individuals named as the insured party in an insurance contract. This value is calculated as the difference between the insured asset's replacement cost and the value of its physical depreciation This type of coverage pays the amount necessary to repair, rebuild, or replace an asset at current market prices Property insurance Named insured B. C. Deductible D. Actual cash value E. This concept states that an insurance company should compensate arn insured only for the amount of his or her economic loss This insurance specialist investigates claims on behalf of an insurance company This insurance coverage protects real and personal property from catastrophic loss by a variety of causes, such as fire and weather events Negligence F. Liability G. insurance Principle of indemnity H. An example of this behavior is speeding and driving erratically during a rainstorm or having a swimming pool that is not surrounded by a lockable fence or other protective device Peril I. This insurance coverage protects against the financial consequences that may arise from the insured's responsibility for property loss or injuries to others Claims adjustor This is the dollar amount specified in the insurance policy that must be paid by the insured before the insurance company pays its first dollar toward a loss