Across
- 3. The range of protection provided under an insurance policy
- 5. A written contract between an insurer and a customer (the policyholder) describing the term of the insurance, what is covered, the cost of the premium, and the deductible amount
- 6. Liability or loss resulting from an accident
- 8. The price of insurance protection for a specified risk for a specified period of time
- 9. A demand made by the insured, or the insured's beneficiary, for payment of the benefits as provided by the policy
Down
- 1. Amount of loss that the insured pays before the insurance kicks in
- 2. Promised payment for specific future losses should they occur in exchange for a payment called a premium
- 4. The owner(s) of an insurance policy
- 5. A company that pays to compensate the policyholder for losses or damages as described in an insurance policy as long as the premium is paid
- 7. The probability that something negative may happen