Across
- 4. ________ is the protection against possible loss and tries to put the insured person back in the same financial position they were in before the loss occurred
- 5. An insurance ______ sets out details of the types of losses covered and the amount of compensation to be paid
- 6. Home Insurance (_______ cover) covers all the contents of the house from accidental damage such as fire, flood, burst pipes, etc
Down
- 1. __________ is a financial payment made to an insured person if they suffer an insured loss
- 2. A __________ is the amount paid by the insured person to an insurer in return for providing insurance cover for a particular risk
- 3. _________ policy is a type of life assurance that pays a guaranteed amount on a specified date or, if it occurs sooner, on the death of the insured person