Insurance Terms and Concepts

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Across
  1. 3. A policy that pays out for certain events, like life death.
  2. 7. Interest, A stake in the value of the insured item.
  3. 8. risk, Combining multiple risks to reduce the impact of individual losses.
  4. 9. Compensation for damage or loss.
  5. 10. When multiple insurers cover the same risk and share the payout.
  6. 12. Good Faith, Principle requiring honest disclosure by both parties.
Down
  1. 1. The amount paid for an insurance policy.
  2. 2. Protection against the probability of a loss like a house fire.
  3. 4. Right of an insurer to pursue a third party.
  4. 5. The person or entity covered by an insurance policy.
  5. 6. Cause, The primary cause of an insured event.
  6. 11. The company providing insurance coverage.