Across
- 4. If a homeowner makes an insurance claim due to a tree falling on the house, who will investigate the claimant, along with any witnesses, and inspect the property to determine the extent of the damage and the costs of repairing the property.
- 6. A formal request made by the policyholder to the insurance company, seeking compensation for a covered loss
- 7. An insurance company accepting its insured's right to pursue a claim against a wrongdoer.
- 8. Costs paid by the insurer like court costs, registration fees, and salaries for adjusters, lawyers and witnesses comes under
- 9. The money paid by an insurer to cover a loss
- 10. The initial step where the Insured reports a loss event to the Insurer
Down
- 1. The substitution of one person in the place of another with reference to a lawful claim or right is defined as
- 2. The insured must transfer all rights, ownership, and interest of the damaged cargo to the insurer, after which the insurer becomes the owner of the damaged remaining cargo
- 3. An estimate of the potential cost of the claim that is used to ensure the Insurer has enough funds available to cover the claim
- 5. If your house is damaged by a lightning strike, or catches on fire, then strike and fire will likely be considered as