Personal Lines Glossary Review 1

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Across
  1. 4. Terra's policy is terminated due to nonpayment of her premium. This is an example of what?
  2. 7. Wilma submits an insurance application and premium for her auto, the insurance company promises to pay any losses to her auto as long as they are a covered peril. This is an example of what?
  3. 8. Nina just bought a new home and is getting a homeowner's policy to insure it. The insurer sent out someone to look at the property and determine how much coverage was needed. This process is called what?
  4. 9. Hugh has a home that was damaged due to an earthquake. His insurance will not cover the damage because earthquake is what?
  5. 12. Nicole offers advice regarding the benefits or disadvantages under an insurance policy for a fee. What is Nicole?
  6. 13. Joe's dad gives him the family car as a gift on his 18th birthday. When he does this, he contacts the auto insurance company to have the policy transferred to Joe. This is an example of what?
  7. 15. A group of employees all have similar characteristics and are given a specific price for the insurance they are getting. The group is an example of what according to insurance?
  8. 20. Elaine has an umbrella policy which is also considered what type of policy?
  9. 21. Sam was in a car crash and he and his insurance company cannot agree on how much the total loss was. What method of claims settlement would be used?
  10. 23. Kyle's house had a new roof put on 3 years ago and it's now worth $600 less than it was when it was installed. What is this an example of?
  11. 24. Eve is trying to sell insurance policies and is telling people that another agent is a terrible person who cannot be trusted. What is Eve guilty of?
  12. 25. Ezra is looking at getting a new insurance policy that would cover his auto. He has homeowner's coverage and his insurance company is threatening to cancel his policy if he does not get his auto policy with them. The insurance company is guilty of what?
  13. 26. What is another name for the location of an insurer?
  14. 28. In order to get my windshield fixed, I must first pay a set amount before insurance will help pay for the replacement. What is this amount called?
  15. 29. When buying a vehicle, Tiffany contacts an auto insurance company and they issue a policy. The documentation needed to prove she has insurance is provided until the policy and ID cards can be sent. This is an example of what?
Down
  1. 1. When applying for an auto policy Jacky intentionally fails to mention a previous auto accident that was her fault. This is an example of what?
  2. 2. Helen had a loss that used up her coverage limit of $500,000. Her policy will not pay any more claims until the policy restarts at the beginning of the year. This is an example of what kind of limit?
  3. 3. Phillip is trying to get insurance, but the insurance company states they will not cover him unless his other friends/family buy policies from them as well. This is an unfair trade practice that is called what?
  4. 5. Insurance policies are offered "as is" and are considered contracts of what?
  5. 6. Edgar had his car towed due to mechanical issues. While the vehicle is in their care, the tow truck company would be considered what?
  6. 10. Where would I find who is covered, what is covered, where the covered item is located and how much coverage I have in my insurance policy?
  7. 11. Nathan is out for the night and while he is out someone broke in and stole his game system as well as his laptop and other valuables. This is an example of what?
  8. 14. Jake wears an insurance company shirt and khakis. He is exhibiting what kind of authority?
  9. 16. Terry is a landlord and decides to add personal liability to her dwelling policy. Due to this her premium increases. What is this an example of?
  10. 17. Tina acts on behalf of an insurer and negotiates insurance contracts as well as accepts applications and premium payments. Tina is a what?
  11. 18. Steve is applying for a new auto policy, one of the questions on the application asks if he has ever had an insurance policy cancelled for non-payment. Steve knows the answer is yes but selects no. This is an example of what?
  12. 19. Harold's truck no longer works and he has left it sitting on the side of the road and has not attempted to tow or move it. This is an example of what?
  13. 22. An insurance company that holds a certificate of authority in a state is considered what kind of insurer?
  14. 25. Harold needs to know what he needs to do now that he has had a loss. Where would he find that information in his insurance policy?
  15. 27. Tim pays his premium, but if there is a loss, his insurance company will pay much more than Tim has paid them. This kind of contract is considered what?