Across
- 2. the agreement or contract between an individual and an insurance company
- 4. failure to take proper action or precautions
- 6. insurance is property insurance if you own a home. This insurance replaces the insured’s home and personal property if they are damaged due to events such as theft, fire, and smoke, and storm
- 7. anything that increases likelihood of loss through a peril
- 10. insurance company; risk sharing that agrees to pay for losses
- 11. one who writes the policy, evaluates risk, assigns premium
- 12. one who calculates risks based on percentage and determines premium
- 13. – the cost of an insurance policy
- 14. policyholder; purchase of insurance
- 15. cash value Covers what you paid for the property minus depreciation
- 16. insurance replaces personal property if it is damaged due to events such as fire, smoke and vandalism in a rental residence
- 18. term disability insurance provides income for many years up to age 65
Down
- 1. things that are protected or covered in an insurance policy
- 3. placed back in same financial position as before the loss
- 5. term disability provides income for 13, 26, or 52 weeks
- 8. amount you pay when you file an insurance claim
- 9. anything that may possibly cause a loss; buy insurance against perils
- 15. sells insurance
- 17. disability means that the policy will only pay if the employee is totally disabled.