Term Answer Description Replacement cost A. This insurance coverage protects your home or automobile against damage and theft. Property insurance 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. Named insured 0 This value does not deduct the amount of an insured asset's physical depreciation, and reflects the entire amount necessary to repair, rebuild, or replace an asset at current market prices. Deductible 0 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. Actual cash value 0 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. Negligence 0 This value is calculated as the difference between the insured asset's replacement cost and the value of its physical depreciation. 0 Liability insurance G. G. An example of this term is a fire, an act of vandalism, or a windstorm. 0 H. Principle of indemnity This is the individual or individuals named as the insured party in an insurance contract. Peril 0 This insurance specialist investigates claims on behalf of an insurance company. Claims adjustor This concept maintains that an insured should not benefit excessively from having insurance coverage and should not be compensated for more than his or her economic loss. Term Answer Description Replacement cost A. This insurance coverage protects your home or automobile against damage and theft. Property insurance 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. Named insured 0 This value does not deduct the amount of an insured asset's physical depreciation, and reflects the entire amount necessary to repair, rebuild, or replace an asset at current market prices. Deductible 0 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. Actual cash value 0 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. Negligence 0 This value is calculated as the difference between the insured asset's replacement cost and the value of its physical depreciation. 0 Liability insurance G. G. An example of this term is a fire, an act of vandalism, or a windstorm. 0 H. Principle of indemnity This is the individual or individuals named as the insured party in an insurance contract. Peril 0 This insurance specialist investigates claims on behalf of an insurance company. Claims adjustor This concept maintains that an insured should not benefit excessively from having insurance coverage and should not be compensated for more than his or her economic loss