"Claims Crossword": HTML5 Crossword

Across

1. A type of liability policy that provides protection for personal liability loss exposures above the limits of a basic insurance policy. There must be an "underlying" personal liability policy in force for this policy to be valid for claims in excess of the basic coverage limits. An excess liability policy (8)
8. A dollar amount for a specific claimant and coverage which is the probable amount the claim will cost to conclude. _____ reserves are set immediately for severe claims, and in the fourth month the file is open for most claims (4)
12. A comprehensive medical, lost income, survivors' and substitute or replacement service benefit. PIP, a no-fault coverage, was developed to provide immediate compensation for economic loss, without regard to fault. In some states, the no-fault coverage is called basic economic loss or basic reparations benefits (24)
16. A _________ is a previously agreed upon amount for which an insured is responsible, in the even a loss occurs. The insurer subtracts the _______ prior to paying a claim (10)
17. __________ is a legal doctrine used in some states, wherein the degrees (or percentages) of negligence for all parties involved are compared, to determine the amount of recovery allowed (21,0)
18. _______pays for physical damage to or destruction of property, such as an auto, a building, or other personal property, resulting from an accident for which our insured is responsible. Loss of use that results from the accident, such as the other party's cost to rent an auto while the damaged vehicle is being repaired, is also covered under this coverage (14)
19. An automobile or automobile trailer, not owned by or furnished for the regular use of the insured or a relative, other than a temporary substitute auto (12)
20. _________ is the right reserved by an insurance company to take (at its own option) action to recover a loss paid to an insured, if the loss was caused by the negligence of a third party. Any money recovered, minus expenses, must be shared proportionately with the insured, in the event a deductible applied to the loss (11)

Down

2. The value of a property as figured by determining what it would cost to replace the property (the replacement cost), then subtracting an amount which reflects the depreciation of the property. Example a 10-year-old car will not be replaced at the same value as a new vehicle because of a decade of depreciation (15)
3. The name of our liability director (14)
4. A coverage that offers policyholders protection for problems not typically handled by their auto insurance, such as being locked out of the car, jump starting a dead battery, or changing a flat tire (20)
5. Liability insurance covers accidental losses resulting from bodily injury or from damage to someone else's property, for which the insured is legally responsible (9)
6. A state statute that imposes liability on sellers of alcoholic beverages in the event that the buyer causes bodily injury to another or in some cases, to himself or herself (8)
7. A type of coverage that applies when the insured does not own a car, but wants protection while driving a non-owned auto. It does not provide coverage for a vehicle owned by the insured or a resident relative (13)
9. An element of liability coverage which pays for injury to or death of a covered person arising from the ownership, maintenance or use of a covered automobile and caused by the negligence of an insured (12)
10. Reserves are monies representing actual or potential liabilities, retained by an insurer, to cover debts to claimants (8)
11. __________ is the act, or failure to act, on the part on one person which, along with the act or omission of another (sometimes called a tort easer), is considered a contributing factor in causing an accident (22)
13. ____may be generally defined as a private wrong, as distinguished from a crime, which is a public wrong. the act must be legally wrong as distinguished from morally wrong (4)
14. _________ coverage applies when a covered person (insured, resident relative or passenger in an insured vehicle) is injured in an accident caused by an uninsured motorist or a hit-and-run driver (17)
15. An option for inspecting a non-drivable vehicle. An AD adjuster is sent to the location of the vehicle to do the inspection (15)