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Unit 6 Vocabulary

Across
You pay a set percentage of the charge
The uncertainty of achieving a desired result
The amount paid (fee) for insurance
A relatively small fraction of the loss that you pay before insurance kicks in
You pay a set dollar amount upfront for a health care service
Amount to buy a new replacement for what was lost (2 words)
The amount paid according to the policy terms (2 words)
Maximum amount the insurer will pay for losses (2 words)
A professional opinion on the value of your property
Down
Legal contract between an insurance company and the policyholder (2 words)
Additional coverage for specific items
The person buying the insurance
Reimburses you for unexpected losses or damages caused by a specific set of hazards to a specific thing
The cost to repair or replace damaged or stolen property
Investigates and reviews a claim to decide whether or not the insurance company must pay the claim (2 words)
Spell out what the insurer will/won't pay for
A formal request from the policyholder to have the insurance company make a payment for a loss