Across
- 3. a condition that may cause a peril to occur
- 5. when the residence contains contents, but no one lives or works in there
- 6. the unlawful taking of insured property from within the premises by a person unlawfully entering or leaving the premises as evidenced by marks of forcibly entry or exit
- 8. are independent business people
- 9. is giving false information to an underwriter, knowing it is false
- 13. means the policy is treated as if it never existed
- 14. the possibility of loss or damage to property
- 15. the taking of property without the owner's consent
- 16. when the premises is empty of belongings, no one lives or works there and the insured does not plan to return
Down
- 1. is the amount of a loss that the insured must pay
- 2. an arrangement whereby the insured is required to carry insurance to a specified minimum percentage of the value of the property or the insured will be liable for the percentage amount the risk is underinsured by, applied to each and every loss
- 4. is a request for insurance that introduces the applicant to the insurance company
- 7. for the broker means the payment due for insurance
- 10. is a factual state about the risk, either express or implied, that needs to be communicated to the underwriter so that the risk may be properly assessed.
- 11. in law, is a time after which a cause of action ceases and in insurance, it is the time after which a claim may not be brought
- 12. generally sell and service insurance policies offered by a single insurer