Insurance Review

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Across
  1. 3. Provides payment to renters to cover the damage and loss of property in a rental unit in addition to liability losses
  2. 4. Provides payment to beneficiaries if an insured person dies
  3. 8. The money paid to an insurance company to purcahse a policy
  4. 10. The provision of a product or service rather than cash
  5. 13. Products or services provided by an employer that adds extra value for employees beyond wages paid
  6. 14. The risks covered and amount paid out of pocket by the policyholder for the inital portion of a loss before the insurance coverage begins
  7. 15. The chance of loss from an event that cannot be entirely controlled
  8. 16. Provides payment to cover liability losses as well as damage and loss of the home and its contents
  9. 17. A product that transfers risk from an individual to an insurance company or organization
  10. 20. An amount of money, after the deductible, that is paid for jointly by the insured and the insurance company
  11. 21. The amount paid out of pocket by policyholder for the initial portion of a loss before the insurance coverage begins
Down
  1. 1. Provides money to pay for health care for illness and injuries
  2. 2. Provides payment to the insured person if property is damaged or destroyed by an accident
  3. 5. Provides payment for extended care due to accidents, illness, or old age
  4. 6. Provides payment to replace earnings during times when workers cannot work due to illness or injury
  5. 7. Provides payment to others if a member of the insured household accidentally causes harm to other people or property
  6. 9. Someone who receives insurance money if the insured person dies
  7. 11. A person who owns the policy
  8. 12. Cash set aside that can be used to cover the costs of unexpected events
  9. 18. An insurance contract that states what risks are covered and how much money will be paid for losses
  10. 19. When the act of insuring an event increases the likelihood that the event will happen
  11. 22. Someone who relies on someone else for money and care
  12. 23. The paperwork describing the accident, illness or injury that is submitted to the insurance organization