Insurance Concepts

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Across
  1. 5. The amount an insured must pay before insurance will agree to pay.
  2. 7. A term meaning a contract of unequal value
Down
  1. 1. The promise of an insurance company to pay for covered losses
  2. 2. A type of wording that will always be determined in favor of the insured.
  3. 3. Medical supplement plans for Medicare that helps cover expenses not covered in the base plans.
  4. 4. An agreement between two parties
  5. 6. The payment made by the insured each month for their insurance plan