Across
- 3. A contract between the insurance company and the insured that states the exact terms of the policy including what risks are covered and how much will be paid for any losses
- 5. Provides payment to the insured person if his or her property is damaged or destroyed by an accident covered by the insurance policy.
- 7. Provides payment to others if a member of the insured household accidently causes harm to other people or property
- 13. Employers may offer employee benefits in the form of products or services that add extra value for employees beyond earned wages
- 14. The donation of a product or service in place of cash
- 19. Provides payments for both liability and property insurance on a vehicle
- 21. The risks covered and amount of money paid for losses under an insurance policy
- 22. Provides payment to beneficiaries who were named by the insured person
- 23. Requires the insured individual to pay a fixed percentage of the loss after the deductible has been paid
- 25. Provides payment to renters to cover the damage and loss of property in a rental unit in addition to liability losses
Down
- 1. Provides payment for extended nursing care due to accidents, illness, or old age
- 2. Cash set aside that can be used to cover the costs of unexpected expenses
- 4. Provides payment to cover liability losses as well as damage and loss of the home structure and its contents
- 6. insurance Provides payment to replace earnings during times when workers cannot work due to illness or injury
- 8. Someone who receives money if an insured person dies
- 9. Doing something in the home without pay that takes raw materials along with a family member’s skill, experience, knowledge, and household equipment, to produce a useful product or service
- 10. The money paid to an insurance company to purchase a policy
- 11. Provides money to pay for health care for illness, injury, or, in some cases, preventive care
- 12. A financial product (called an insurance contract or policy) purchased by many people facing a similar risk to protect against the risk of larger losses.
- 15. A formal request to an insurance company asking for a payment when the policyholder has an accident, illness or injury
- 16. When the act of insuring an event increases the likelihood that the event will happen
- 17. A person who owns the insurance policy
- 18. The chance of loss from an event that cannot be entirely controlled
- 20. Someone who relies on someone else for income and care
- 24. The out‐of‐pocket money paid by the policyholder before an insurance company will cover the remaining costs attributed to the loss