Station 1- Unit 6 Insurance Vocab Review

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Across
  1. 2. the uncertainty regarding a potential financial loss
  2. 3. a document detailing the terms and conditions of a contract of insurance
  3. 8. insurance company or entity that provides coverage, creates policy terms, and pays claims when a covered loss occurs
  4. 9. this type of insurance is a contract between an insurer and the policy owner that guarantees a sum of money to the policy's named beneficiaries when the insured dies
  5. 13. this type of insurance is made up of different coverages designed to financially protect you if you're in an accident or your vehicle is damaged
  6. 14. this type of disability insurance is an insurance policy that helps supplement part of your income if you are sick or injured and unable to work for a long period
  7. 15. amount of money you pay out-of-pocket for covered services or damages before your insurance plan begins to pay
  8. 16. this type of insurance is a group of coverages designed to help protect renters living in a house or apartment.
Down
  1. 1. maximum amount of money an insurance company will pay for a covered loss or claim
  2. 4. is the amount of money you pay to an insurance company to keep your policy active and coverage in place
  3. 5. this type of disability insurance covers an employee's compensation (typically between 40 and 70% of their salary) for a short period of time
  4. 6. type of coverage that protects you financially if you are responsible for injuring someone or damaging their property
  5. 7. this type of insurance usually covers doctors' visits, prescription drugs, medical, and surgical services
  6. 8. person, group, or business protected by an insurance policy
  7. 10. maximum amount of money an insurance company will pay for a covered loss or claim
  8. 11. a type of insurance that provides coverage for your home and personal property in the case of a covered loss
  9. 12. a type of insurance helps pay for veterinary care if your pet becomes sick or injured