Insurance Vocabulary

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Across
  1. 4. makes claim to insurance organization
  2. 5. the out-of-pocket money paid by the policyholder
  3. 7. at least six months of expenses set aside
  4. 9. requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
Down
  1. 1. The risks covered and amount of money paid for losses under an insurance policy
  2. 2. chance of loss from an event that cannot be entirely controlled
  3. 3. Money paid to purchase the policy
  4. 4. A contract between the insurance company and the insured that states the exact terms of the policy
  5. 6. a financial product purchased by many people facing a similar risk to protect against the risk of larger losses
  6. 8. a formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury