What is a risk management tool that exchanges the uncertainty of a possible large financial loss for a certain smaller payment.

What is another insurance company charges a premium to cover some of the risk facing the original insurer.

What is the possible financial loss that the policyholder will suffer if the property is damaged or destroyed.

What is persons who calculate insurance rates.

What is the amount the insured pays for a loss before the insurance company pays anything.

What is the amount an insurance company charges a policyholder for a certain amount of insurance.