Insurance Terms Crossword by Dave Berube
Across
- 5. Part of a property or liability insurance policy that states the name and address of policyholder, property insured, its location and description, the policy period, premiums, and supplemental information.
- 6. A written form attached to an insurance policy that alters the policyĆs coverage, terms, or conditions.
- 8. A specific risk or cause of loss covered by an insurance policy, such as a fire, windstorm, flood, or theft.
- 9. The amount of loss paid by the policyholder. Either a specified dollar amount, a percentage of the claim amount, or a specified amount of time that must elapse before benefits are paid.
- 11. Number of times a loss occurs. One of the criteria used in calculating premium rates.
Down
- 1. Term used for statistical recording purposes to refer to a single incident or a series of closely related incidents causing severe insured property losses totaling more than a given amount, currently $25 million.
- 2. A written contract for insurance between an insurance company and policyholder stating details of coverage.
- 3. Insurance written in an amount approximating the value of the insured property.
- 4. Temporary authorization of coverage issued prior to the actual insurance policy.
- 7. A list of individual items or groups of items that are covered under one policy.
- 10. Provide financial compensation for losses.
- 12. Possibility of loss.