Across
- 3. a practice or arrangement by which a company or government agency provides a guarantee of compensation for specified loss, damage, illness, or death in return for payment of a premium.
- 5. Bundled insurance typically means you're purchasing multiple insurance policies from a single company.
- 9. Comprehensive insurance is a coverage that helps pay to replace or repair your vehicle if it's stolen or damaged in an incident that's not a collision.
- 11. An insurance premium is the amount of money an individual or business pays for an insurance policy. ... Once earned, the premium is income for the insurance company.
- 12. Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver.
- 14. a specified amount of money that the insured must pay before an insurance company will pay a claim.
- 15. Policy, Umbrella insurance refers to liability insurance that is in excess of specified other policies and also potentially primary insurance for losses not covered by the other policies.
- 18. Indemnity insurance is a contractual agreement in which one party guarantees compensation for actual or potential losses or damages sustained by another party.
- 20. An insurance actuary is a professional that analyzes financial risk using mathematics, statistics and financial theories.
Down
- 1. Amount, face amount is the sum paid on the policy's maturity date, on the death of the insured, or (if the policy terms permit) on his or her total disability.
- 2. Personal injury protection (PIP) is an extension of car insurance available in some U.S. states that covers medical expenses and, in some cases, lost wages and other damages.
- 4. Clause, An arbitration clause is a section of a contract that deals with the parties' rights and options in the event of a legal dispute over the contract.
- 6. An insurance claim is a formal request by a policyholder to an insurance company for coverage or compensation for a covered loss or policy event.
- 7. Insurance, Homeowners insurance is a form of property insurance that covers losses and damages to an individual's house and to assets in the home.
- 8. a person who derives advantage from something, especially a trust, will, or life insurance policy.
- 10. Endorsement is a term that has various definitions depending on the context of its use.
- 13. Life Insurance, Credit life insurance is a type of life insurance policy designed to pay off a borrower's outstanding debts if the borrower dies.
- 16. a liability is defined as the future sacrifices of economic benefits that the entity is obliged to make to other entities as a result of past transactions or other past events.
- 17. a document detailing the terms and conditions of a contract of insurance.
- 19. Insurance, Gap insurance is a type of auto insurance that car owners can purchase to protect themselves against losses that can arise when the amount of compensation received from a total loss does not fully cover the amount the insured owes on the vehicle's financing or lease agreement.