PUZZLE: Insurance Terms

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Across
  1. 3. - the initial page of an insurance policy summarizing the key details and coverage provided by the policy
  2. 5. - the initial out-of-pocket amount an individual must pay before insurance coverage contributes when making a claim
  3. 6. - specific situations, conditions, or types of damage that are not covered by an insurance policy. Insurers define these exclusions to limit their liability
  4. 7. - the person who owns an insurance policy. This is often the same as the insured, but not always, as someone can purchase insurance for another person or entity
  5. 9. - the monthly payment required for an insurance policy
  6. 10. - a set amount an insured individual pays for covered healthcare services, typically due at the time of service
Down
  1. 1. - a type of auto insurance system where each driver's own insurance company covers their medical expenses and other losses regardless of who is at fault in an accident. This system is designed to expedite claims and reduce litigation
  2. 2. - the process of extending or continuing an insurance policy beyond its original term, often subject to a review and potential adjustment of terms and premiums
  3. 4. - a formal request made by an insured individual to the insurance company for compensation or coverage for a covered loss or policy event
  4. 8. - the maximum reimbursement amount specified by an insurance policy to address a covered loss