Insurance

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Across
  1. 5. – the person who inspects the damage and calculates the compensation
  2. 7. – the fee paid for insurance.
  3. 8. – a legal contract outlining what is insured.
  4. 9. - states that you can only insure something that you own
  5. 11. – the application form for insurance.
  6. 13. – the person who calculates the insurance premium.
Down
  1. 1. – the amount of money paid out by the insurance company in the event of a successful claim.
  2. 2. - states that once the insurance company hasgiven you full compensation for an item, then that is allyou can get.
  3. 3. - states that you cannot make a profit froman insurance claim.
  4. 4. - states that if you insure the same risk with anumber of insurance companies then you cannot claimthe full amount of compensation from all companies.
  5. 6. - means that you must disclose all material information to the insurance company
  6. 10. Clause’- states that because you insured for afraction of its present value, then you will only receivethe same fraction in compensation.
  7. 12. – This is an extra amount added on to the basic premium to cover increased risk.