Learning the Lingo of Insurance

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Across
  1. 3. What the insurer will not pay for
  2. 4. Additional coverage for specific items
  3. 7. A professional opinion on the value of a property
  4. 8. Cost Also known as Actual Cash Value or the Current Worth, this is the amount to buy a new replacement for what was lost
  5. 10. A formal request from the policyholder to have the insurance company pay for a loss.
Down
  1. 1. The person buying the insurance
  2. 2. Limit The maximum amount the insurer will pay for losses
  3. 5. Settlement This happens when an insurance company determines a claim is valid and pays according to the policy terms
  4. 6. Adjuster Some one who investigates the claim
  5. 9. The rough cost to repair or replace damaged or stolen property