Across
- 2. a wrongful act, resulting in injury or damage
- 5. how much coverage a person has is the amount of insurance he has
- 6. a reduction in the quantity or value of a property
- 7. a written form attached to an insurance policy that alters the policy's coverage
- 11. when an insurance company seeks to recover the money from the other party who is legally liable
- 12. an amount equal to the replacement value of damaged property minus depreciation
- 14. a system to make financial loss more affordable by transferring it from individuals to large groups
- 15. the amount of loss paid by the policyholder
- 16. a contract for insurance between the insurance company and the policyholder
- 17. the price of an insurance policy
Down
- 1. property insurance for items that are moved from location to location
- 3. a broad commercial policy covering all the liability exposures of a business
- 4. the deliberate setting of a fire
- 5. the fee paid to the insurance salesperson
- 8. a reinsurer assumes part of a risk originally taken by the insurer
- 9. the cost of a unit of insurance
- 10. the policyholder is the insured
- 13. deliberate destruction of property
- 16. a specific risk such as fire, windstorm, or theft