Across
- 4. 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.
- 6. Broadly, any legally enforceable obligation. The term is most commonly used in a pecuniary sense.
- 8. Offering anything of value, other than the insurance itself, to an applicant as an inducement to buy or maintain insurance.
- 10. A specialist in the mathematics of insurance who calculates rates, reserves, dividends and other statistics. (Americanism: In most other countries the individual is known as "mathematician.")
Down
- 1. A private wrong, independent of contract and committed against an individual, which gives rise to a legal liability and is adjudicated in a civil court. A tort can be either intentional or unintentional, and liability insurance is mainly purchased to cover unintentional torts.
- 2. The cause of a possible loss.
- 3. Liability or loss resulting from an accident.
- 5. Auto Auto insurance for average drivers with relatively few accidents during lifetime.
- 7. This is the amount you pay to the insurance company to buy a policy.
- 9. An independent business owner or firm that represents customers rather than insurers. They shop among insurance companies to find the best coverage or value for their clients.