Chapter 9 Key Words Part I

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Across
  1. 4. the amount of money you will pay out of pocket before the insurance company will make a payment
  2. 10. A type of Insurance that protects against claims resulting from personal injury or property damage as the result of an auto accident
  3. 12. A type of Insurance that protects for loss or damage to your vehicle caused by something other than a collision (such as vandalism)
  4. 13. an arrangement in which an individual will receive financial protection or reimbursement of losses from an insurer
  5. 14. a formal request by a policyholder to their insurance company for compensation for a covered loss
Down
  1. 1. the amount of time after the premium is due in which a policyholder can make a premium payment without suffering a lapse (break) in coverage
  2. 2. the contract between an insurance company and the insured individual
  3. 3. A type of Insurance that protects for destroyed or stolen personal property for a renter
  4. 5. A type of Insurance that is optional extended liability coverage that can be added to auto and homeowners policies
  5. 6. A type of Insurance that protects for damage to your car resulting from a collision with another car or object
  6. 7. A type of Insurance that protects for losses to a private residence and the possessions within it, as well as liability coverage against accidents in the home or on the property
  7. 8. the amount of liability protection offered to an individual through an insurance policy
  8. 9. the payments an individual makes each time they get medical service
  9. 11. the amount of money paid for an insurance policy