Across
- 2. When a policy (such as life insurance or a pension) reaches its agreed time limit, it comes to an end and the value is paid out.
- 7. Another term for cancelled.
- 9. The potential costs of an insured event, such as a flood, to an insurer.
- 10. A clause in your home or motor insurance policy that allows you to claim for the replacement of glass in your windscreen, sunroof, windows, doors, skylights, etc.
- 12. This is when someone promises to pay for loss or damage they cause someone else
- 14. This is the percentage change in the cost of living over time, measured through the Consumer Prices Index (CPI) or Retail Prices Index (RPI). As prices rise, the value of money falls.
- 17. When someone buys cover for more than the value of the items insured.
- 18. An event or outcome that you can insure yourself against such as fire, theft, flooding.
- 19. Repayment of money to a consumer for a cost that is actually covered by the insurance policy.
Down
- 1. An arrangement where an insurance policy is shared by more than one insurer.
- 3. An unexpected or unplanned event or incident often causing damage or injury such as a road traffic accident
- 4. An insurance company that is owned by its customers.
- 5. To build up or accumulate.
- 6. Money paid to a third party for matching customers with insurance providers.
- 8. Money paid by an insurer when a claim is accepted.
- 11. A professional person who is qualified to calculate risks and probabilities relating to insurance and pensions.
- 13. The person who the insurance covers.
- 15. The person who is applying for cover.
- 16. The amount to be paid by a customer for an agreed amount of insurance cover.
- 19. The price (or premium) of insurance.