Unit 7: Insurance

2. When someone with insurance endures a negative outcome, such as injury or theft, and expects payment from the insurance company to compensate them
5. The amount of money you agree to pay towards your losses before your insurance coverage will begin paying
9. A form of property insurance, available to property owners, that covers losses to the physical structure as well as to their personal property and protects the insured person from liability claims
11. An agreement where you make regular payments to a company and the company promises to pay you money if you suffer a specified injury, illness, loss, etc.
13. Insurance paid to named beneficiaries when the insured person dies
14. A situation involving exposure to danger, harm, or loss
15. The chance of something happening or not happening within a certain number of occurrences

1. A percentage you pay each time you receive medical treatment, after you’ve paid your deductible
3. A formal request from the customer to an insurance company asking for a payment based on the terms of the insurance policy
4. The specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time
6. A type of insurance paid to an individual if they are injured and unable to work for a specified length of time
7. An estimate of what premium you would pay for a certain insurance coverage plan
8. An employee of an insurance company who evaluates an individual's risk factors and assigns premium amounts
10. A form of property insurance, available to renters, that covers losses to their personal property and protects the insured person from liability claims
12. A fixed dollar amount that you agree to pay each time you receive medical treatment, such as a doctor's visit or prescription