Cameron Stokes

1. contract in which the insurer promises, for a stated premium, to pay you a sum of money if a particular piece of real or personal property is damaged or destroyed
2. insurance that covers the person if they die
5. one that insures property that cannot be covered by specific insurance because it is constantly changing in value or location
6. person named in the policy to receive benefits paid by the insurer
7. provides protection for a stated time, generally 20-30 years
9. covers you form a fire
11. protects you against loss of personal property, liability for a visitor’s personal injury, and liability for negligent destruction of the rented premises
12. amount of money you pay the insurance companies
13. form of straight life insurance, allows polcyholders to change the the terms of the policy
14. guaranteed retirement income that is purchased
16. relationship with the insured person
21. a provision in an insurance policy that limits your recovery for a loss if the property is not insured for its full replacement value
24. covers ships at sea
26. written contract between a person and an insurance company
27. amount of protection statedin a life insurance policy

1. person who has the insurance policy
3. protects against most types of losses and liabilities related to home ownership, including fire, windstorm, vandalism, burglary, and injuries suffered by other persons while on the property
4. insurance that is issued for a term
8. gives you temporary protection until a policy is issued
10. person who's life is insured
15. who agrees to compensate you for a specific loss
17. an attachment to the insurance policy
18. allows you to stop paying premiums after a stated length of time
19. provides coverage for land carriers carrying goods
20. also called ordinary life insurance, required payments of premiums throughou the insured's life
22. healthcare plan for low income families
23. life insurance policy is the amount of money you can take by either borrowing against or cashing in a policy
25. people who are over 65 and are covered by a social security number are eligible