AINS 21: Key Terms Assignments 6 - 9

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Across
  1. 2. acronym for a coverage in a homeowner's policy that indemnifies the insured for additional expenses that are incurred following a covered property loss so the household can maintain its normal standard of living while their home is being restored.
  2. 3. failure to exercise the level of care that a reasonable prudent person would do in a similar situation
  3. 5. reduction in value caused by the physical wear and tear
  4. 7. document that amends an insurance policy
  5. 8. a party who makes a claim.
  6. 10. insurance policy should provide a benefit no greater than the loss suffered by the insured
  7. 11. intentional harmful physical contact with a person
  8. 13. disputing parties use a neutral outside party to examine the issues and develop a mutually agreeable settlement; avoids litigation.
  9. 14. a policy provision that eliminates coverage for specified exposures
  10. 15. threat of force against a person that creates fear
  11. 16. the process an insurer can, after it has paid a loss under the policy, recover the amount paid from any party (other than the insured) who caused the loss.
Down
  1. 1. cost to repair or replace property using new materials of like kind and quality with no deduction for depreciation
  2. 4. a risk control technique that reduces the frequency of a particular loss; a business installs bars on windows to prevent burglaries.
  3. 6. any phrase or clause in an insurance policy that describes the policy's coverages, exclusions, limits, conditions, or other features.
  4. 9. type of examiner/adjuster who handles claims for insurers for a fee.
  5. 12. law that develops out of court decisions and establish precedents for future cases