C12 - Study 1 Crossword

Protects parties who have an insurable interest against loss or damage to the insured property
An interest in the subject matter of insurance whose loss will create a financial hardship for the insured.
The compensation offered by the policy of insurance.
An agreemnet or promise in between two or more persons that is intended to be legally enforceable.
A duty, a payment or a service.
A principle that calls for the highest standards of integrity from the insured and the insurer.
The event that caused a loss covered by the policy.
An agreed specified amount that the insured must pay on a claim before the insurance company will cover the rest of the claim.
Covers for losses from fire, lightning and explosion.
Risks, perils or properties defined in the policy as NOT covered.
The lowest temperature at which a liquid gives off sufficient vapours to form an ignitable mixture with the air.
An insurance policy that combines fire and casualty insurance in a single contract.
An interest in real property as a security for a debt.
Property described on the Summary page is known as the _____________ matter of insurance.
Insurance for individuals and families is known as ____________ lines insurance.
Insurance for businesses is known as ______________ lines insurance.