Intro to Insurace

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Across
  1. 2. The specified amount of payment required periodically by an insurer to provide coverage under a plan for a defined period of time.
  2. 3. A contract in which an individual or entity receives financial protection or reimbursement against losses.
  3. 7. A form of property insurance, available to property owners, that covers losses to the physical structure as well as to their personal property and protects the insured person from liability claims.
  4. 10. The maximum amount an insurance policy will pay if you file a claim
  5. 15. A form of property insurance, available to renters, that covers losses to their personal property.
  6. 16. The amount of money you agree to pay towards your losses before your insurance coverage will begin paying.
  7. 17. Insurance paid to named beneficiaries when the insured person dies.
Down
  1. 1. An employee of an insurance company who evaluates an individual's risk factors and assigns premium amounts.
  2. 4. An employee of an insurance company who sells insurance policies and provides customer service.
  3. 5. Federal program that provides monthly benefits to millions of Americans, including retirees.
  4. 6. Auto insurance that protects you against medical costs for the bodily injury of others and damages to the property of others if you are at fault in an accident.
  5. 8. An estimate of what premium you will pay for a certain insurance coverage plan.
  6. 9. A formal request from the customer to an insurance company asking for a payment based on the terms of the policy.
  7. 10. A fixed dollar amount that you agree to pay each time you receive medical treatment.
  8. 11. When someone with insurance endures a negative outcome, such as injury or theft, and expects payment from the insurance company to compensate them.
  9. 12. An act on the part of either the buyer or seller of an insurance contract in an attempt to gain money illegally.
  10. 13. The spreading of financial risk evenly among a large number of contributors to the program.
  11. 14. An agreement where you make regular payments to a company and the company promises to pay you money if you suffer a specified injury, illness or loss
  12. 15. A situation involving exposure to danger, harm or loss.