Insurance Vocabulary

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Across
  1. 2. Specific amount of money that you pay when insurance only covers a portion of costs
  2. 4. Amount you must pay before you begin receiving any benefits from your insurance company
  3. 6. A fixed amount you pay for a covered health care service after you've paid your deductible
  4. 9. The state or quality of being obligated according to law or equity
  5. 10. Paperwork filed with an insurance company in order to get them to cover a loss for someone they insure
  6. 11. Applies to the amount of protection you have through an insurance company in the event of a loss
Down
  1. 1. The maximum benefit an insurance company will pay a policyholder if/when an insured event occurs.
  2. 3. Financial cost of obtaining an insurance cover, paid as a lump sum or in installments during the duration of the policy
  3. 5. The recipient of assets passed on from the death of a friend or relative
  4. 7. Describes the type of coverage in an insurance agreement Premium: Amount you pay monthly, quarterly, semiannually, or annually to purchase different types of insurance
  5. 8. A legally enforceable declaration of how a person wishes his or her property to be distributed after death