Principles of Insurance

1234567
Across
  1. 3. Being put back into the same financial position you were in before a claim was made
  2. 4. The insureds responsibility to take all precautions to minimize the loss of the insured property
  3. 5. Having a legally recognized financial relationship with something, meaning you can insure it
  4. 7. Both parties are completely truthful with all the information provided
Down
  1. 1. The first event on an unbroken chain of events that gives rise to a claim
  2. 2. Where two or more insurers pay towards a claim
  3. 6. The insurers right to recoup any losses after a claim