Unit 5: Insurance

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Across
  1. 2. Amount added to the premium because there is a greater risk of a loss occurring.
  2. 6. The amount you have to pay to make a claim.
  3. 8. Ownership of the insured item passes from the insured to the insurance company.
  4. 10. The insurance company will not pay out compensation under certain circumstances.
  5. 14. Insuring your home for the amount it would cost to rebuild it.
  6. 15. Works for many companies and will choose the best option for a fee.
Down
  1. 1. A discount in return for not claiming on an insurance policy.
  2. 3. Works to secure the money that your insurance policy entitles you to claim.
  3. 4. Two insurance companies divide the cost of a claim between them.
  4. 5. Fee paid to the insurance company.
  5. 7. A way of transferring risk.
  6. 9. The event is guaranteed to happen.
  7. 11. Reporting an accident to your insurance provider.
  8. 12. Calculates the premium to pay to the insurance company.
  9. 13. The insured person cannot make a profit from insurance.