Insurance

4. A formal request to the insurance company for payment or reimbursement due to a covered loss.
7. The amount the policyholder must pay before the insurance coverage kicks in.
9. Compensation for a loss or damage covered by an insurance policy.
10. The extent of protection provided by an insurance policy.
11. The likelihood of loss or damage that an insurance policy is designed to protect against.
12. The process of evaluating and determining the risk associated with insuring a person or property.

1. A professional who assesses and manages financial risks, often employed by insurance companies.
2. A formal contract outlining the terms and conditions of insurance coverage.
3. Legal responsibility for one's actions or obligations, often covered by insurance.
5. The amount paid for an insurance policy, typically on a regular basis.
6. The person or entity designated to receive the benefits of an insurance policy.
8. The company providing insurance coverage and assuming the risk.