P&C Insurance Puzzle

2. This type of insurance protects against claims of bodily injury or property damage caused to others.
4. The money paid by a person or entity for availing an insurance policy.
5. A term used to describe an unexpected event or accident that is sudden and unforeseen, resulting in loss or damage.
7. Refer to changes or modifications made to an existing policy.
11. A formal request made by the policyholder to the insurance company, seeking compensation for a covered loss.
13. The process insurance companies use to evaluate and assess the risk associated with providing insurance coverage.
14. Specific risks or events for which an insurance policy provides protection.
15. The amount of money paid by the insurance company to the policyholder in case of a covered loss.

1. Special insurance entities that offer coverage to property owners who can’t obtain insurance through channels due to high risk factors.
3. The process wherein an insurance company recovers the amount it has paid out on a claim from a responsible third party.
6. A person authorized to investigate and settle insurance claims on behalf of the insurance company.
8. Scrap value of a damaged property.
9. A person or entity whose financial losses are covered by the insurance policy.
10. The contract between the insurance company and the policyholder.
12. The amount of money to be paid by the policyholder before the insurance company covers the rest of the claim amount.