Insurance Terminology

3. The amount paid by the policyholder to the insurer for coverage.
5. A type of insurance that covers medical expenses.
8. When the existence of insurance changes the behavior of the insured, leading to more risk-taking.
9. An individual or entity entitled to receive insurance benefits.
10. The person who assesses the risk associated with a proposal.
12. The protection your insurance provides.
13. Insurance that covers losses due to fire, flood, or other natural disasters.
14. An event sufficiently related to an injury that the courts deem the event to be the cause of that injury.
15. A financial stake in the subject of the insurance policy, required for coverage to be valid.

1. Right of an insurer to pursue the party that caused the loss to the insured in an attempt to recover funds paid in the claim.
2. Principle that applies when the insured takes more than one insurance policy
4. Amendments to the standard policy conditions.
6. A person who sells insurance policies.
7. Process where a policyholder transfers their rights under a policy to another person.
11. The process of determining the financial value of a loss.