Across
- 2. a specific sum of money paid by the insured to the insurance company in exchange for financial protection against loss
- 4. covers your vehicle for damage caused by impact with another vehicle or object or overturn of your vehicle
- 6. covers liabilities loss as damage and loss of the home
- 9. Distribution the sharing of risk by an insurer among its insured
- 10. between risk and premiums A risk premiums is the investment return an asset is expected to yield in excess of the risk-free rate of return
- 11. Health Care the employee contribution for. individual coverage was no more than 9.5% of household income.
- 13. Describes the type of coverage in an insurance agreement
- 14. a thing for which someone is responsible, especially a debt or financial obligation
- 16. Worth the value of all the non-financial and financial assets owned by an individual or institution minus the value of all its outstanding liabilities
- 17. property owed by a person or company, regarded as having value and available to meet debts, commitments or legacies
- 18. a prepaid health insurance plan in which providers agree to deliver service for discount fee
- 20. Insurance insurance that pays out a sum of money either on the death of the insured person or after a set period.
- 22. a legal process to get out of debt when you can no longer make all your required payments
- 23. Period the length of time during which a policyholder or their dependents may file and receive payment for a covered hazard
Down
- 1. Insurance provides protection against claims resulting from injuries and damage to people/property
- 3. applies to the amount of protection you have through on insurance company in the event of a loss
- 5. protection against damages to your car from causes other than collision or rolling over
- 6. a prepaid health insurance plan in which patients receive health car from designated providers
- 7. a payment made by a beneficiary (especially for health services) in addition to that made by an insurer.
- 8. Payment Insurance cover injuries sustained by the driver of the insured vehicle or any passenger regardless of fault
- 9. between premiums and deductibles the higher a plan's deductible, the lower the premium
- 12. A formal request by a policyholder to an insurance company for coverage or compesation for covered loss or policy event
- 15. a practice or arrangenment by which a company or government agency provides a guarantee of compensation for specified loss, damage ,illness, or death in return for payment
- 19. The sharing of expenses by the policyholder and the insurance company
- 21. amount you must pay before you begin receiving any benefits from your insurance company