CROSSWORD

1. When workers are unable to work due to illness or accident, they are paid to replace their earnings.
5. A plan in which the policyholder pays a portion of their own medical bills while the insurance company pays the rest.
7. Statement on the back of a policy that has the power to alter the insurer-insured contract.
8. This coverage protects your automobile against damage caused by an accident in which you are at fault.
10. When the act of insuring an occurrence makes it more likely that it will occur.
12. Deciding that a reasonable person would not make; or not making a decision that a reasonable person would make.
14. Insurance's primary purpose.

1. The amount to be paid by the insured before the insurer pays in event of the claim.
2. In a transaction between willing parties, the amount at which an asset can be bought or sold.
3. The individual who assesses and categorizes the level of risk offered by the person seeking insurance. They decide whether or not coverage should be offered, as well as the rate at which it should be supplied.
4. An individual and an insurance company enter into a contract. When a driver files a claim, the firm charges a fee and covers some of the costs. The amount paid for an insurance coverage is known as the premium.
6. Hazard or circumstance that has a high risk of loss or where insurance would be regarded unlawful.
9. A charge paid to an automobile insurance provider in exchange for breaking an annual premium into monthly, quarterly, or semiannual payments.
11. When the insured dies, the person who gets the money from the life insurance policy.
13. An account kept on behalf of two parties in a transaction by an unbiased third party.