Across
- 3. Laws requiring motorists to buy a specified minimum amount of automobile liability insurance or to provide other proof of comparable financial responsibility
- 5. Failing to act in a reasonable manner or to take necessary steps to protect others from harm
- 6. Coverage that protects against loss to an insured automobile caused by any peril (with a few exceptions) other than collision
- 10. Insurance that protects against the financial consequences that may arise from the insured’s responsibility for property loss or injuries to others
- 13. The amount necessary to repair, rebuild, or replace an asset at today’s prices
- 14. Automobile insurance that pays for collision damage to an insured automobile regardless of who is at fault
- 16. A PAP provision that protects the insured against claims made for damage to property
- 17. The right of an insurer, who has paid an insured’s claim, to request reimbursement from either the person who caused the loss or that person’s insurer
- 18. An insurance agent who may place coverage with any company with which he or she has an agency relationship, as long as the insured meets that company’s underwriting standards
- 19. A value assigned to an insured property that is determined by subtracting the amount of physical depreciation from its replacement costs
- 20. An insurance agent who represents only one insurance company and who is, in effect, an employee of that company
- 21. Automobile insurance that reimburses the parties involved in an accident without regard to negligence
- 22. An insurance specialist who works for the insurance company, as an independent adjustor or for an adjustment bureau, to investigate claims
- 23. An insurance endorsement or policy providing either blanket or scheduled coverage of expensive personal property not adequately covered in a standard homeowner’s policy
- 24. An insurance policy providing excess liability coverage for homeowner’s and automobile insurance as well as additional coverage not provided by either policy
- 25. An insurance principle stating that an insured may not be compensated by the insurance company in an amount exceeding the insured’s economic loss
Down
- 1. a PAP provision that protects the insured against claims made for bodily injury
- 2. Optional automobile insurance coverage, available in some states, that protects the insured against damages caused by being in an accident with an underinsured motorist who is found liable
- 4. insurance designed to meet the needs of “innocent” victims of accidents who are negligently injured by uninsured, underinsured, or hit-and-run motorists
- 7. Insurance coverage that protects real and personal property from catastrophic losses caused by a variety of perils, such as fire, theft, vandalism, and windstorms
- 8. Property and liability insurance policy that individually names the perils covered
- 9. A cause of loss
- 11. An arrangement providing automobile insurance to drivers who have been refused regular coverage under normal procedures
- 12. A comprehensive automobile insurance policy designed to be easily understood by the “typical” insurance purchaser
- 15. In property insurance, a provision requiring a policyholder to buy insurance in an amount equal to a specified percentage of the replacement value of their property comprehensive policy Property and liability insurance policy covering all perils unless they are specifically excluded