Financing and Insurance

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Across
  1. 1. Coverage that pays for damages to the other driver and their car if you are at fault for an accident.
  2. 6. Factors such as special finance rates, rebates or other offers designed to encourage buyers to purchase a vehicle.
  3. 7. Amount the dealer gives you for the car you’re providing as partial payment for the car you wish to purchase.
  4. 9. An amount of money paid out of pocket by the insured before the claim will be paid.
  5. 11. How much a particular car is worth based on its condition, mileage and other factors.
  6. 12. An interest rate that remains fixed over the course of a loan
  7. 15. Paying the car’s full price and keeping it as long as you want.
  8. 18. A short-term high-interest loan
  9. 19. A percent paid to the lender for the privilege of borrowing money.
  10. 20. The periodic payment for an insurance policy.
  11. 21. Paying only a portion of the vehicle’s sales price and returning it to the dealer at the end of the specified time.
  12. 22. A form of insurance cost-sharing that requires the insured to pay a set percentage of medical expenses after the deductible has been met.
Down
  1. 1. An amount of money borrowed and repaid with interest.
  2. 2. Requires lenders to explain how they compute loan charges and list the annual percentage rate; also gives the borrower three business days to opt out of the loan.
  3. 3. Coverage for if your car is damaged in an accident, it is the other person's fault, and they do not have liability insurance.
  4. 4. A ranking, typically expressed as a number or letter, based on one’s credit history and used by financial institutions for loan and credit approval.
  5. 5. Protects you from monetary losses associated with illness or bodily injury.
  6. 8. Money paid to a designated person/group of people when you die. Nearly everyone needs it. Some choose it as a means of replacing lost income to support their families in the event of death.
  7. 10. The amount of money a buyer pays in cash for the purchase of a house
  8. 13. A means of protecting you and others in the event of an accident.
  9. 14. Insurance coverage for your own vehicle if you cause an accident.
  10. 16. The original amount borrowed
  11. 17. A loan used to purchase a home.
  12. 23. A policyholder’s official notification to the insurance company requesting payment of an amount due for a covered loss