crossword 9

3. Principle of ?? States that the insured must be in a position to lose financially if a covered loss occurs.
8. Subrogation prevents the insured from collecting _ _ _ _ _ for the same loss
11. Insurable Interest prevents m _ _ _ _ _ _ _ _ _ _.
12. _ _ _ _ _ _ cash value is the Basic method for indemnifying the insured is based on the actual cash value of the damaged property.
15. Fundamental truth or proposition that serves as the foundation for a system of belief
16. Insurer agreeing to pay no more than the actual amount of the loss is related to principle of

1. Insurable Interest prevents g _ _ _ _ _ _ _.
2. A higher degree of honesty is imposed on both parties to an insurance contract than is imposed on parties to other contracts is related to the principle of
4. Subrogation helps to hold down insurance _ _ _ _ _.
5. Subrogation does not apply to _ _ _ _ insurance contracts.
6. means substitution of the insurer in place of the insured for the purpose of claiming indemnity from a third party for a loss covered by insurance is related to the principle of
7. In _ _ _ _ _ _ _ _ _ _ _ cost insurance there is no deduction for physical depreciation in determining the amount paid for a loss.
9. _ _ _ _ _ _ policy laws A law that exists in some states that requires payment of the face amount of insurance to the insured if a total loss to real property occurs from a peril specified in the law
10. Insurable Interest prevents g _ _ _ _ _ _ _.
13. _ _ _ _ insurance contract is not a contract of indemnity
14. Policy that pays the face amount of insurance if a total loss occurs.