Insurance Terms Crossword Puzzle

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Across
  1. 3. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
  2. 5. Bundled insurance typically means you're purchasing multiple insurance policies from a single company.
  3. 9. Comprehensive insurance is a coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision.
  4. 11. An insurance premium is the amount of money an individual or business pays for an insurance policy. ... Once earned, the premium is income for the insurance company.
  5. 12. Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver.
  6. 14. a specified amount of money that the insured must pay before an insurance company will pay a claim.
  7. 15. Policy, Umbrella insurance refers to liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies.
  8. 18. Indemnity insurance is a contractual agreement in which one party guarantees compensation for actual or potential losses or damages sustained by another party.
  9. 20. An insurance actuary is a professional that analyzes financial risk using mathematics, statistics and financial theories.
Down
  1. 1. Amount, face amount is the sum paid on the policy's maturity date, on the death of the insured, or (if the policy terms permit) on his or her total disability.
  2. 2. Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages.
  3. 4. Clause, An arbitration clause is a section of a contract that deals with the parties' rights and options in the event of a legal dispute over the contract.
  4. 6. An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.
  5. 7. Insurance, Homeowners insurance is a form of property insurance that covers losses and damages to an individual's house and to assets in the home.
  6. 8. a person who derives advantage from something, especially a trust, will, or life insurance policy.
  7. 10. Endorsement is a term that has various definitions depending on the context of its use.
  8. 13. Life Insurance, Credit life insurance is a type of life insurance policy designed to pay off a borrower's outstanding debts if the borrower dies.
  9. 16. a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events.
  10. 17. a document detailing the terms and conditions of a contract of insurance.
  11. 19. Insurance, Gap insurance is a type of auto insurance that car owners can purchase to protect themselves against losses that can arise when the amount of compensation received from a total loss does not fully cover the amount the insured owes on the vehicle's financing or lease agreement.