Across
- 4. A provision, often found in the physical damage section of automobile insurance policies, which stipulates that if the repair or replacement of the damaged parts results in better than "like kind or quality," the insurers will not pay for this net improvement
- 6. Loss of value of the car with time
Down
- 1. Policy issued with a single sum insured covering number of individuals
- 2. This principle of Insurance enables the total claim to be shared in a fair way
- 3. One person takes over the rights or remedies of another against a third party
- 5. Person appointed by the insurer to conduct business on behalf of the insurance company