Across
- 3. Amount of loss that the insured pays before the insurance kicks in.
- 6. Items or conditions that are not covered by the general insurance contract.
- 8. Liability or loss resulting from an accident.
- 9. The price of insurance protection for a specified risk for a specified period of time.
- 10. Insurance that pays and renders service on behalf of an insured for loss arising out of his responsibility, due to negligence, to others imposed by law or assumed by contract.
Down
- 1. Cost of replacing damaged or destroyed property with comparable new property, minus depreciation and obsolescence. For example, a 10-year-old sofa will not be replaced at current full value because of a decade of depreciation.
- 2. The individual trained in evaluating risks and determining rates and coverages for them. Also, an insurer.
- 4. The dollar amount needed to replace damaged personal property or dwelling property without deducting for depreciation but limited by the maximum dollar amount shown on the declarations page of the policy.
- 5. The scope of protection provided under an insurance policy. In property insurance, coverage lists perils insured against, properties covered, locations covered, individuals insured, and the limits of indemnification. In life insurance, living and death benefits are listed.
- 7. A demand made by the insured, or the insured's beneficiary, for payment of the benefits as provided by the policy.