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1. Vocabulary - Property and liability insurance What does it mean? Select the term associated with property and liability insurance that corresponds to each of the given descriptions. (Note: These are not necessarily complete definitions, but there is only one possible answer for each description.) Description Term This refers the term used to describe the cause of a loss. This insurance coverage protects your home or automobile against damage and theft. This type of insurance coverage would protect you against financial losses resulting from your responsibility for someone else's injury or damage to their real or personal property This value is calculated as the difference between the insured asset's replacement cost and the value of its physical depreciation. This insurance specialist investigates claims on behalf of an insurance company. Actual cash value Claims adjustor Liability insurance Negligence Peril Principle of indemnity Property insurance Replacement cost