Insurance Terms Crossword by Dave Berube

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Across
  1. 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.
  2. 6. A written form attached to an insurance policy that alters the policyĆ­s coverage, terms, or conditions.
  3. 8. A specific risk or cause of loss covered by an insurance policy, such as a fire, windstorm, flood, or theft.
  4. 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.
  5. 11. Number of times a loss occurs. One of the criteria used in calculating premium rates.
Down
  1. 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. 2. A written contract for insurance between an insurance company and policyholder stating details of coverage.
  3. 3. Insurance written in an amount approximating the value of the insured property.
  4. 4. Temporary authorization of coverage issued prior to the actual insurance policy.
  5. 7. A list of individual items or groups of items that are covered under one policy.
  6. 10. Provide financial compensation for losses.
  7. 12. Possibility of loss.