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Essential Skills: Quiz 5

Horizontales
Loss of a right as a result of non-performance of an obligation.
More than one policy covering the risk with identical coverage.
The remaining value of damaged property.
This clause incentivizes the policyholder to carry adequate insurance.
This type of adjuster is not an employee of the insurer.
Identifies the make, model and year of a car.
This motorist isn't carrying enough liability coverage to pay for a loss.
Another word for claim.
Voluntarily relinquishing a right.
Initial information given by the intermediary to the insurer about the claim.
Verticales
This motorist drive a car without the statutory minimum required insurance.
This covers damage to an insured vehicle that was caused by the driver of another vehicle.
This party may direct the investigation of the claim and reviews reports and approves claim authority.
When two or more insurers have a policy covering a claim.
Someone deliberately misrepresenting the risk.
Rights transferred to the insurer after satisfying the claim.
This party holds a registered claim against a given property as security against a loan.
Arrangement where renters are able to connect with car owners via a website.
Loss of use of a physical ability that may affect the safe operation of a vehicle.
The party who investigates, negotiates and settles claims.