Insurance Terms & Concepts

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Across
  1. 3. Wagering on a sporting event is this type of risk
  2. 5. A provision in a property insurance policy that prevents an insured from collecting twice for the same loss
  3. 9. causes of loss insured against in an insurance policy
  4. 10. The type of policy that insures all property at multiple locations for a single amount
  5. 12. A specified dollar amount that the insured must pay before the insurer will pay the policy benefits
  6. 14. A loss caused by continuous exposure to a condition
Down
  1. 1. What people use to trans. their risk of loss to a larger group
  2. 2. The reduction, decrease, or disappearance of value
  3. 4. When an individual fails to lock their doors at night, thereby showing an indifferent attitude
  4. 6. Types of limits of liability where the limits are stated separately for different coverages
  5. 7. The type of loss where an insured peril was the proximate cause of loss
  6. 8. A forced entry into another's premises with felonious intent
  7. 9. A situation in which a person can experience only a loss and no gain is this type of risk
  8. 11. Failure to act as a reasonable, prudent person under given circumstances
  9. 13. Current replacement cost minus depreciation