Insurance terms

3. adjuster an insurance agent who assesses the amount of compensation that should be paid after a person has made a claim on their insurance policy.
4. Holder a person or group in whose name an insurance policy is held.
7. a formal or explicit statement or announcement.
10. Cost the actual cost to replace an item or structure at its pre-loss condition.
11. an amount to be paid for an insurance policy.
13. Insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims.
14. having inadequate insurance coverage.
16. the possibility of financial loss.
18. Insurance provides protection against most risks to property, such as fire, theft and some weather damage.
19. able to be deducted, especially from taxable income or tax to be paid.
21. Insurance the actual cost to replace an item or structure at its pre-loss condition.
22. a course or principle of action adopted or proposed by a government, party, business, or individual.
23. Limit The largest total amount the insurance company will pay for covered losses.

1. an official agreement intended to resolve a dispute or conflict.
2. an act of assessing something or someone.
5. state or assert that something is the case, typically without providing evidence or proof
6. complete; including all or nearly all elements or aspects of something
8. the state of something, especially with regard to its appearance, quality, or working order.
9. Cash Value the cost to repair or replace the damaged property, minus depreciation
12. Bonds a form of insurance protection that covers policyholders for losses that they incur as a result of fraudulent acts by specified individuals.
15. roughly calculate or judge the value, number, quantity, or extent of.
17. a small weight positioned on the beam of a balance for fine adjustment.
20. an instance of one moving object or person striking violently against another.