~Insurance

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Across
  1. 3. states that once the insurance company has given you full compensation for an item, then that is all you can get.
  2. 7. the application form for insurance.
  3. 9. you can only insure something that you own – you must have a legal relationship with the item/person you are insuring.
  4. 10. the fee paid for insurance.
  5. 11. This is an extra amount added on to the basic premium to cover increased risk.
  6. 12. the amount of money paid out by the insurance company in the event of a successful claim.
Down
  1. 1. the person who calculates the insurance premium.
  2. 2. the person who inspects the damage and calculates the compensation to be paid.
  3. 4. states that you cannot make a profit from an insurance claim.
  4. 5. you must disclose all material information to the insurance company
  5. 6. if you insure the same risk with a number of insurance companies then you cannot claim the full amount of compensation from all companies.
  6. 8. fraction of its present value, then you will only receive the same fraction in compensation.
  7. 10. a legal contract outlining what is insured.