Across
- 3. A fixed amount of money that the insured must pay out of pocket
- 9. A request made by the insured to the insurance company for payment
- 10. The process by which an insurance company evaluates and assesses the risks
- 11. The amount of money that the insured must pay out of pocket
- 12. The probability or likelihood of an event causing financial loss
Down
- 1. Coverage Insurance coverage that protects against a wide range of risks
- 2. A contract where the insured pays premiums in exchange for financial protection
- 4. The scope and extent of protection provided by an insurance policy
- 5. The legal responsibility to compensate others for harm
- 6. The amount of money paid by the insured to the insurance company
- 7. Insurance employee who investigates and evaluates claims
- 8. A written contract outlining the terms, conditions, coverage