Ch. 14 Insurance

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Across
  1. 6. arrangement in which the insured and the insurance company share the costs of claims
  2. 8. you have a financial stake in the life or property being insured
  3. 9. legal responsibility to pay someone whom you have caused a loss or injury
  4. 10. attachments to a standard policy that add or take away coverage
Down
  1. 1. restoring the insured person to the financial position they were in before the loss occured
  2. 2. a set amount the insured person must pay per loss before the insurer will pay benefits
  3. 3. specific risks not covered by a policy (normal wear and tear or intentional damage)
  4. 4. the written agreement between the policyholder and the insurance company
  5. 5. payments an insured person makes to the company
  6. 7. a request for payment of a loss