Across
- 3. Being put back into the same financial position you were in before a claim was made
- 4. The insureds responsibility to take all precautions to minimize the loss of the insured property
- 5. Having a legally recognized financial relationship with something, meaning you can insure it
- 7. Both parties are completely truthful with all the information provided
Down
- 1. The first event on an unbroken chain of events that gives rise to a claim
- 2. Where two or more insurers pay towards a claim
- 6. The insurers right to recoup any losses after a claim